Rainmaker Worldwide Inc (RAKR)

[RichieBoy]

The gist of today's 8K in verbatim

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).

 

Emerging growth company ?

 

If an emerging growth company, indicate by check mart if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ?

 

Item 7.01. Regulation FD Disclosure.

 

On January 8th, 2024, Rainmaker Worldwide Inc. (Nevada) (“RAKR”) entered into a series of agreements to restructure the Company’s balance sheet to convert short term payables into convertible promissory notes and long-term loans to relieve the Company from short term cash needs. This was executed in anticipation of closing upcoming transactions and to facilitate future financing. The convertible notes are based on the 30-day VWAP ending January 5th. The discount to VWAP is based on precedent of previous transactions at 30%. The long-term note is at an interest rate of less than those of third parties at 10%.

NB!!! there is a box beside "Emerging growth company?" That IHUB does not* transcribe in the paste. The box is marked X

Also (2nd IHUB edit) There is an EMPTY box beside the words... Section 13(a) of the Exchange Act. ?


EOM...