Replies to post #30145 on Rainmaker Worldwide Inc (RAKR)

[jimr1717]

Toronto, Ontario–(Newsfile Corp. – January 19, 2021) – Sphere 3D Corp. (NASDAQ: ANY) (the “Company”) announced the following update of its previously announced agreement to purchase Rainmaker Holland BV (“RHBV”).
The Company and RHBV are in the process of satisfying the customary closing conditions pursuant to the Definitive Share Purchase Agreement (the “Agreement”). These conditions include satisfying the corporate legal requirements for the transfer of the RHBV shares under the laws of The Netherlands and obtaining NASDAQ and other approvals as applicable. Closing will be completed following satisfaction of these conditions.
The Agreement provides for 100% ownership of RHBV, which owns all of the Rainmaker Worldwide Inc. (OTC Pink: RAKR) intellectual property including its Air-to-Water and Water-to-Water technologies. In addition, the Company will acquire current customer contracts and joint venture arrangements in various countries and water distribution partnerships in others. Full details can be found in the Company’s press release from January 4th, 2021 or its filings on SEDAR and EDGAR.

Just another scam PR.



https://rainmakerww.com/2021/01/19/sphere-3d-provides-rhbv-acquisition-update/