SCHEDULE 13D/A: Joseph E. LoConti Increases Stake in Range Impact, Inc. to 22.4% Through Private Share Purchase

Joseph E. LoConti, through Tower IV LLC, has increased his beneficial ownership in Range Impact, Inc. to 22.4% of outstanding common stock by acquiring an additional 3,333,333 shares for $500,000 in a private transaction.

Summary

• Joseph E. LoConti, the reporting person, filed Amendment No. 4 to his Schedule 13D regarding his beneficial ownership in Range Impact, Inc.
• The amendment reports a change in the number of shares of Common Stock beneficially owned by Mr. LoConti.
• Tower IV LLC, an Ohio limited liability company solely managed by Mr. LoConti, acquired 3,333,333 shares of Common Stock.
• This acquisition was a privately-negotiated transaction with Range Impact, Inc. pursuant to a Securities Purchase Agreement dated January 21, 2025.
• The consideration paid for these shares was $500,000, equating to $0.15 per share.
• Funds for the purchase came from Tower IV LLC's working capital.
• As of the amendment date, Mr. LoConti beneficially owns an aggregate of 24,184,456 shares of Common Stock, representing approximately 22.4% of the total outstanding shares.
• This includes 7,387,310 shares with sole voting and dispositive power (approximately 6.8%) and 16,797,146 shares with shared voting and dispositive power with Tower IV LLC (approximately 15.5%).

Sentiment

Score: 7

Explanation: The sentiment is moderately positive. An increase in insider ownership by a significant shareholder often signals confidence in the company's future prospects. The company also received capital from the transaction. There are no explicit negative disclosures within the filing itself.

Positives

• Increased insider ownership by Joseph E. LoConti, signaling confidence in Range Impact, Inc.'s future.
• Range Impact, Inc. received $500,000 in capital from the private share sale, which can be used for company operations or strategic initiatives.
• The transaction was privately negotiated, potentially indicating a strategic alignment between the company and a significant shareholder.

Future Outlook

The document does not contain specific forward-looking statements or guidance regarding the company's future operations or financial performance, beyond the reporting of a completed transaction.

Industry Context

This filing reflects an increase in insider ownership, which can be viewed positively by the market as it signals confidence from a significant shareholder. In the broader industry context, such private placements are common methods for companies to raise capital and for large investors to increase their stake, often indicating a long-term strategic interest rather than short-term trading.

Comparison to Industry Standards

• The document does not provide sufficient information to compare Range Impact, Inc.'s financial results or operational performance against specific industry benchmarks or comparable companies.
• The transaction itself, a private placement at $0.15 per share, is a specific valuation for this particular deal and cannot be broadly compared without more context on the company's financials or market valuation.

Related Party Transactions

• The transaction involves Tower IV LLC, which is solely managed by Joseph E. LoConti, a significant beneficial owner of Range Impact, Inc. This constitutes a related-party transaction where the company sold shares directly to an entity controlled by a major shareholder.

Stakeholder Impact

• Shareholders: The increase in Joseph E. LoConti's stake to 22.4% could be viewed positively as a vote of confidence, but also potentially raises questions about control and influence given his significant ownership.
• Company (Range Impact, Inc.): The company received $500,000 in capital, which can be used for operations or strategic initiatives.

Key Dates

Recommendation

Keywords

Range Impact Inc., Joseph E. LoConti, Tower IV LLC, Schedule 13D, Beneficial Ownership, Common Stock, Private Placement, Securities Purchase Agreement, Insider Buying, Share Acquisition, Corporate Governance