debt
confidence high
sentiment neutral
materiality 0.50
Rainmaker Worldwide issues $53,750 convertible note, up-lists to OTCQB
Rainmaker Worldwide Inc.
- Entered Stock Purchase Agreement for $53,750 convertible note issued March 11, 2022; interest 10% p.a., 22% default rate.
- Note convertible at 65% of market price (35% discount) based on lowest closing bid in prior 10 trading days.
- Up-listed to OTCQB effective March 16, 2022; ticker RAKR remains; improves financial transparency and investor access.
- Note matures March 11, 2023; issued under Section 4(a)(2) exemption from registration.