M&A - Rainmaker Worldwide Inc.

Form Type: 8-K

Filing Date: 2025-01-10

Corporate Action: Acquisition

Type: New

Accession Number: 000149315225001533

Filing Summary: On January 8, 2025, Rainmaker Worldwide Inc. reported entering into a material definitive agreement with Rainmaker Worldwide Inc. (RWI), a privately owned Canadian company. The agreement entails the assignment of financial obligations with RWI, where Rainmaker Worldwide will assume liabilities totaling $112,378, consisting of loans payable, accrued interest, and accounts payable. These liabilities will be offset against a loan receivable of $388,000 previously held by Rainmaker Worldwide from RWI. Following the agreement, the remaining balance of $275,622 will be converted into 1,724,312 common shares of RWI, raising Rainmaker Worldwide's ownership in RWI to 10,753,874 common shares. This strategic move indicates an expansion of Rainmaker Worldwide's stake in RWI through a significant financial transaction.

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