InvestmentJun 3, 2026, 04:12 PM
Range Impact Secures $10M Investment from Tacora Capital
AI Summary
Range Impact, Inc. announced a $10 million investment from Tacora Capital LP and a $4 million secured loan from its subsidiary, Range Cumberland LLC, to Cumberland Coal Corp. Tacora Capital will purchase up to $10 million of Range Impact's common stock over the next 12 months, with the first $1.75 million issuance completed on May 31, 2026. The $4 million loan from Range Cumberland to Cumberland Coal Corp. will be used for working capital purposes.
Key Highlights
- Range Impact secures $10 million investment from Tacora Capital LP.
- Tacora Capital will purchase up to $10 million of Range Impact's common stock over 12 months.
- First tranche of $1.75 million issued on May 31, 2026, with 6,256,704 shares.
- Range Cumberland LLC provides a $4 million secured loan to Cumberland Coal Corp.
- Loan proceeds to be used by Cumberland Coal Corp. for general working capital.
Price Impact
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