SCHEDULE: Range Impact Insider Boosts Stake to 23.73%
Beneficial Ownership Update
Joseph E. LoConti, through Tower IV LLC, increased his beneficial ownership in Range Impact, Inc. to 23.73% by acquiring an additional 2,333,333 shares for $550,000.
Summary
- Joseph E. LoConti, the reporting person, filed Amendment No. 5 to his Schedule 13D regarding Range Impact, Inc. Common Stock.
- The amendment reports a change in the number of shares beneficially owned by Mr. LoConti.
- Tower IV LLC, an Ohio limited liability company managed solely by Mr. LoConti, acquired 2,333,333 shares of Common Stock.
- The acquisition occurred in a privately-negotiated transaction with Range Impact, Inc. pursuant to a Securities Purchase Agreement dated September 23, 2025.
- The consideration paid for these shares was $550,000, equating to $0.15 per share.
- Funds for the purchase came from Tower IV LLC's working capital.
- Following this transaction, Mr. LoConti beneficially owns 26,645,789 shares of Common Stock.
- This ownership represents approximately 23.73% of the total outstanding Common Stock of Range Impact, Inc.
Sentiment
Score: 8
Explanation: The significant increase in beneficial ownership by a key insider, Joseph E. LoConti, indicates strong confidence in the company's valuation and future prospects. Insider buying is generally viewed as a bullish signal by the market.
Positives
- A significant increase in insider ownership, with Joseph E. LoConti's stake rising to 23.73%, signals strong confidence in the company's future prospects.
- The acquisition of 2,333,333 shares at $0.15 per share demonstrates a direct financial commitment from a key stakeholder.
Future Outlook
The filing does not contain any explicit forward-looking statements or guidance from Range Impact, Inc. or its management. It solely reports a change in beneficial ownership.
Industry Context
This filing primarily concerns an individual's significant ownership stake in Range Impact, Inc. and does not provide information directly related to broader industry trends or competitive landscape. However, increased insider ownership can be interpreted as a positive signal within the market, suggesting confidence in the company's future performance relative to its peers.
Related Party Transactions
- Tower IV LLC, an entity solely managed by Joseph E. LoConti (the reporting person and a significant shareholder), engaged in a privately-negotiated transaction with Range Impact, Inc. to acquire shares.
Stakeholder Impact
- Shareholders may view the increased insider ownership as a positive indicator of management's and significant investors' confidence in the company's long-term value and strategic direction.
Key Dates
| Date | Description |
|---|---|
| 2018-11-01 | Initial Schedule 13D filed by the Reporting Person. |
| 2019-02-07 | First amendment to Schedule 13D filed. |
| 2019-04-02 | Second amendment to Schedule 13D filed. |
| 2022-05-27 | Third amendment to Schedule 13D filed. |
| 2025-01-23 | Fourth amendment to Schedule 13D filed. |
| 2025-09-23 | Date of the event requiring the filing of this statement; Tower IV LLC acquired 2,333,333 shares from Range Impact, Inc. via a Securities Purchase Agreement. |
| 2025-09-25 | Date of signature for the Fifth Amendment to Schedule 13D. |
Recommendation
buyThe substantial increase in Joseph E. LoConti's beneficial ownership, now at 23.73% of Range Impact, Inc., through a direct purchase from the company, is a strong bullish signal. Insider buying, especially of this magnitude and at a specific price, often suggests that those closest to the company believe its shares are undervalued or that significant positive developments are anticipated. This action demonstrates a high level of conviction and aligns the interests of a major shareholder with those of other investors, warranting a 'buy' recommendation for investors seeking exposure to Range Impact, Inc.
Keywords
Range Impact, Joseph E. LoConti, Tower IV LLC, Schedule 13D, Insider Ownership, Common Stock, Equity Stake, Beneficial Ownership, Private Placement
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