M&A
confidence high
sentiment positive
materiality 0.70
Rainmaker Worldwide extends Miranda acquisition at $5M; shares issued prior to closing
Rainmaker Worldwide Inc.
- Total consideration of $5M: $1M cash + $2M in 40M RAKR shares at $0.05/deemed value + two deferred $1M payments.
- Initial closing includes release of 40M RAKR shares prior to first closing per amendment.
- Second and third closings each $1M due at 18 and 24 months with 12% annual interest; prepayable.
- Extension allows coordination for travel to Turkey for in-person closing on Jan 22, 2024.
- SPA integrates Miranda at strategic and operating levels.