Rainmaker World - RAKR STOCK NEWS

Rainmaker Worldwide Inc. has finalized the acquisition of Miranda Water Treatment Systems, with Michael Skinner assuming the role of Chairman and CEO of Miranda. This acquisition is expected to lead to the full integration of resources and enable Rainmaker to better serve global water and wastewater treatment needs. The acquisition will result in a material enhancement to Rainmaker’s financial performance, with the potential to increase revenue and achieve positive EBITDA. Additionally, Rainmaker completed a management debt restructuring agreement, reducing the current debt by $326,833 and negotiating additional payables into long-term notes.

Rainmaker Worldwide Inc. (OTC: RAKR) has expanded its Memorandum of Understanding with Miranda Water Treatment Systems (MWTS) to include a financing partner, enhancing their strategic collaboration. This development aims to improve resource coordination and market reach in water treatment solutions globally. The partnership could materially enhance Rainmaker's financial performance, with expectations of becoming revenue and EBITDA positive. CEO Michael O'Connor emphasizes the importance of MWTS's expertise. Future projects are anticipated, subject to unanimous agreement post site visits, though no definitive agreement is guaranteed.

Rainmaker Worldwide Inc. (OTC: RAKR) has announced a strategic acquisition where Viva Industries will take a controlling interest in its Canadian subsidiary, rebranded as Rainmaker Canada & Caribbean Inc. (RCCI). This transition allows Rainmaker to concentrate on global business expansion while Viva Industries focuses on growth in Canadian and Caribbean markets. Key appointments include Michael Skinner as CEO of RCCI and John Gillis as CTO. The partnership will leverage Rainmaker's Air-to-Water Technology and Miranda’s advanced solutions to address the water crisis. The deal is set to close by April 1, 2023.

Rainmaker Worldwide Inc. (OTC: RAKR) and Miranda Water Treatment Systems (MWTS) have signed a Memorandum of Understanding (MOU) to integrate their operations. This collaboration aims to enhance global water treatment services, leveraging MWTS's existing installations in over 35 countries. RAKR plans to build a financial consortium for reciprocal stake purchases, which could lead to revenue and EBITDA positivity. Both firms are working on definitive agreements, though no assurance of finalization is provided. This partnership is anticipated to optimize market reach and service efficiency.

Rainmaker Worldwide (OTC: RAKR) has announced a Joint Development Agreement with Miranda Water Treatment Systems based in Ankara, Turkey. This partnership aims to enhance the availability of safe drinking water globally through combined technologies, including wastewater treatment systems suitable for populations up to 30,000. RAKR intends to leverage Miranda's expertise to expand its Water-as-a-Service business model and tap into new markets. The agreement includes reciprocal distribution rights and signifies a strategic collaboration aimed at delivering comprehensive water solutions.

Rainmaker Worldwide Inc. (OTC: RAKR) has successfully up-listed to the OTCQB® Venture Market as of March 17, 2022, enhancing its financial transparency and appeal to investors. CEO Michael O’Connor stated that this milestone will enable the company to attract necessary capital for scaling its clean water solutions globally. The up-listing signifies compliance with greater financial reporting standards and positions Rainmaker advantageously amidst rising global water scarcity. The company continues to advance large-scale commercial projects particularly in the Caribbean and Central America.

Rainmaker Worldwide (OTC: RAKR) has applied to uplist from OTC Pink to OTCQB, seeking greater capital access and a wider shareholder base pending approval. The company welcomed two independent directors to its board: Dr. Mamdouh Shoukri and Mr. James Ross, effective December 21, 2021. Both bring substantial expertise in governance and finance, with roles on various committees. CEO Michael O’Connor expressed optimism about these changes and the company’s upcoming product launches in Q1 2022. Rainmaker specializes in affordable water solutions, underscoring its commitment to addressing global water issues.

Rainmaker Worldwide Inc. (OTC: RAKR) announced that the SEC completed its review of the Company’s Registration Statement on Form 10 on October 17, allowing it to apply for up-listing to the OTCQB®. To meet the OTCQB® requirements, RAKR is securing two independent Board members and has audited its 2019 and 2020 financials. The company is advancing water solutions projects stalled by COVID-19, with Air-to-Water and Water-to-Water machines heading to Canada for testing. CEO Michael O’Connor emphasized the importance of this transition for accessing capital to combat global water scarcity.

Rainmaker Worldwide Inc. (OTC: RAKR) announced the filing of SEC Form 10, a key step for up-listing to OTCQB®. This transition aims to enhance capital access for RAKR, which has been restructuring since late 2020 by reducing debts and liabilities. The company has completed audits for 2019 and 2020 and is expanding its Water-as-a-Service offerings. Two Air-to-Water and Water-to-Water machines will be sent to Canada for testing. CEO Michael O’Connor emphasized the urgent need for clean water solutions as global demands rise.