Joint VentureJul 1, 2026, 05:32 PM
Range Impact Forms JV with C2 Ventures for AI Infrastructure Platform
AI Summary
Range Impact, Inc. announced the formation of a 50/50 joint venture, Time Complexity Appalachia, LLC, with C2 Ventures' portfolio company, Time Complexity WV, LLC. This JV aims to develop a power generation and data center facility at Range Impact's 9,000-acre Fola Mine Complex in West Virginia. In connection with this, Range Impact issued a warrant to Time Complexity WV for up to 14,500,000 shares of common stock at an exercise price of $0.40 per share, vesting upon specific project milestones. Additionally, Range Sky, a Range Impact subsidiary, granted the JV an option to lease the project site.
Key Highlights
- Range Impact's subsidiary, Range Sky, formed a 50/50 joint venture, Time Complexity Appalachia, LLC, with Time Complexity WV.
- The JV entity intends to develop a power generation and data center facility at the Fola mine site in West Virginia.
- Range Impact issued a warrant to Time Complexity WV to purchase up to 14,500,000 shares of its common stock.
- The warrant has an exercise price of $0.40 per share and a seven-year term.
- Warrant vesting occurs in one-third increments upon achieving three milestones: WV state support, project feasibility, and commercialization agreements.
- Range Sky granted the JV entity an option to lease certain real property in West Virginia for a term of five years.
Price Impact
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