secwatch.observer — SEC 8-K summary
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Issuer:     Rainmaker Worldwide Inc. (RAKR)
CIK:        0001872292
Form:       8-K
Filed at:   2022-09-23T23:59:59+00:00
Accession:  0001493152-22-026636
Event type: debt
Sentiment:  negative
Materiality: 0.35
Item codes: 1.01, 2.03, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Rainmaker Worldwide issues $49,250 convertible note at 10%, 35% discount to market
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- Note principal $49,250, matures Sept 12, 2023; interest 10% p.a. (22% default).
- Conversion price set at 65% of lowest closing bid price over prior 10 trading days.
- Issued under Stock Purchase Agreement; unregistered sale exempt under Rule 506(b).
- Company may prepay within first 180 days at variable premiums.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1872292/000149315222026636/0001493152-22-026636-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1872292/000149315222026636/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-22-026636

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