Rainmaker Worldwide 8-K: Regulation FD Disclosure, No Exchange Listing
Ticker: RAKR · Form: 8-K · Filed: Jan 16, 2024 · CIK: 1872292
| Field | Detail |
|---|---|
| Company | Rainmaker Worldwide Inc. (RAKR) |
| Form Type | 8-K |
| Filed Date | Jan 16, 2024 |
| Risk Level | high |
| Pages | 2 |
| Reading Time | 2 min |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: regulation-fd, corporate-governance, exchange-listing
TL;DR
**Rainmaker Worldwide filed an 8-K, confirming no major exchange listing, which means low liquidity.**
AI Summary
Rainmaker Worldwide Inc. filed an 8-K on January 16, 2024, reporting an event that occurred on January 15, 2024, under Regulation FD Disclosure. This filing indicates that the company is not registered on any exchange, as shown by 'N/A' for ticker symbols and exchange names. For investors, this matters because it confirms Rainmaker Worldwide Inc. is not listed on a major exchange, which can impact liquidity and access to information, making it a higher-risk investment.
Why It Matters
This filing confirms Rainmaker Worldwide Inc. is not listed on any major stock exchange, which typically means lower liquidity and higher risk for investors.
Risk Assessment
Risk Level: high — The lack of a major exchange listing for Rainmaker Worldwide Inc. significantly increases investment risk due to potential illiquidity and limited public information.
Analyst Insight
A smart investor would note the lack of a major exchange listing for Rainmaker Worldwide Inc., which implies higher risk and potentially lower liquidity, and would conduct extensive due diligence before considering an investment.
Key Players & Entities
- Rainmaker Worldwide Inc. (company) — the registrant filing the 8-K
- January 15, 2024 (date) — date of earliest event reported
- January 16, 2024 (date) — date of 8-K filing
- Regulation FD Disclosure (other) — item information for the 8-K
FAQ
What was the specific item information reported in this 8-K filing by Rainmaker Worldwide Inc.?
The specific item information reported in this 8-K filing by Rainmaker Worldwide Inc. was "Regulation FD Disclosure" as stated under 'ITEM INFORMATION'.
On what date did the earliest event reported in this 8-K filing occur?
The earliest event reported in this 8-K filing occurred on January 15, 2024, as indicated by 'Date of Report (Date of earliest event reported): January 15, 2024'.
Is Rainmaker Worldwide Inc. listed on any securities exchange according to this filing?
No, Rainmaker Worldwide Inc. is not listed on any securities exchange according to this filing, as 'N/A' is stated for 'Ticker symbol(s)' and 'Name of each exchange on which registered'.
What is the state of incorporation for Rainmaker Worldwide Inc.?
Rainmaker Worldwide Inc.'s state of incorporation is Nevada, as stated under 'Nevada (State or other jurisdiction of incorporation)'.
What is the business address provided for Rainmaker Worldwide Inc. in this filing?
The business address provided for Rainmaker Worldwide Inc. is 271 Brock Street, Peterborough, Ontario Canada, K9H 2P8.
Filing Stats: 461 words · 2 min read · ~2 pages · Grade level 11.4 · Accepted 2024-01-16 06:05:11
Filing Documents
- form8-k.htm (8-K) — 34KB
- 0001493152-24-002302.txt ( ) — 202KB
- rakr-20240115.xsd (EX-101.SCH) — 3KB
- rakr-20240115_lab.xml (EX-101.LAB) — 34KB
- rakr-20240115_pre.xml (EX-101.PRE) — 22KB
- form8-k_htm.xml (XML) — 3KB
From the Filing
UNITED SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): January 15, 2024 RAINMAKER WORLDWIDE INC. (Exact name of registrant as specified in its charter) Nevada 000-56311 82-4346844 (State or other jurisdiction of incorporation) (Commission File Number) (IRS Employer Identification No.) 271 Brock Street , Peterborough , Ontario Canada K9H 2P8 (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: (877) 334-3820 Not Applicable (Former name or former address, if changed since last report.) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below): Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Securities registered pursuant to Section 12(b) of the Act: Title of each class Ticker symbol(s) Name of each exchange on which registered N/A N/A N/A 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 8 th , 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 5 th . 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%. SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this Form 8-K to be signed on its behalf by the undersigned hereunto duly authorized. RAINMAKER WORLDWIDE INC. Dated: January 16 th , 2024 By: /s/ Michael O'Connor Name: Michael O'Connor Title: President, Chief Executive Officer and Interim Chief Financial Officer