Rainmaker Worldwide (RAKR) swaps $43,378 debt for 1.25M shares
Filing Impact
Filing Sentiment
Form Type
8-K
Rhea-AI Filing Summary
Rainmaker Worldwide Inc. reported that on January 26, 2026 it issued 1,249,178 shares of common stock upon conversion of two outstanding convertible promissory notes. The notes had an aggregate principal of $36,000 plus $7,378 of accrued interest, for total converted indebtedness of $43,378, at a fixed conversion price of $0.034725 per share. After this issuance, the company has 85,048,906 common shares outstanding. The exchange relied on the Section 3(a)(9) exemption because the securities were exchanged with existing holders and no commission or other remuneration was paid.
Positive
- None.
Negative
- None.
8-K Event Classification
2 items: 3.02, 9.01
2 items
Item 3.02
Unregistered Sales of Equity Securities
Securities
The company sold equity securities in a private placement or other unregistered transaction.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
FAQ
What did Rainmaker Worldwide Inc. (RAKR) disclose in this 8-K filing?
Rainmaker Worldwide disclosed that it issued 1,249,178 common shares upon converting two outstanding convertible promissory notes. The converted amount totaled $43,378 in principal and accrued interest, and the transaction was completed at a fixed price of $0.034725 per share.
What debt amount did Rainmaker Worldwide (RAKR) convert into equity?
Rainmaker Worldwide converted a total of $43,378 of indebtedness into common stock. This consisted of $36,000 aggregate principal from two $18,000 notes plus $7,378 of accrued and unpaid interest, exchanged into shares according to the notes’ fixed conversion terms.
What securities law exemption did Rainmaker Worldwide (RAKR) rely on for this issuance?
The company relied on the Section 3(a)(9) exemption under the Securities Act of 1933. The securities were exchanged exclusively with existing security holders, and the company states that no commission or other remuneration was paid to solicit the exchange.