secwatch.observer — SEC 8-K summary
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Issuer:     Rainmaker Worldwide Inc. (RAKR)
CIK:        0001872292
Form:       8-K
Filed at:   2022-07-20T23:59:59+00:00
Accession:  0001493152-22-019936
Event type: debt
Sentiment:  neutral
Materiality: 0.30
Item codes: 1.01, 2.03, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Rainmaker Worldwide issues $64,250 convertible note with 10% interest and 35% conversion discount
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- Principal amount of $64,250; interest at 10% per annum, rising to 22% upon default.
- Note matures June 28, 2023; convertible into common stock at 65% of market price (35% discount).
- Company may prepay within first 180 days at specified premiums.
- Issuance is an unregistered sale under Section 4(a)(2) and Rule 506(b).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1872292/000149315222019936/0001493152-22-019936-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1872292/000149315222019936/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-22-019936

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer