Rainmaker Worldwide issues $55K convertible note; term sheet indicates potential $700K funding

Rainmaker Worldwide Inc.

Issued $55,000 promissory note with 10% interest (22% default) maturing Feb 7, 2023.
Conversion price set at 65% of the lowest trading price in the prior 10 days (35% discount).
Term sheet signed Feb 3, 2022 shows investor willingness to fund up to $700,000 in tranches at discretion.
Proceeds from note to be used for general working capital.
Securities sold in unregistered offering under Section 4(a)(2) and Rule 506(b).

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.