secwatch.observer — SEC 8-K summary
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Issuer:     Rainmaker Worldwide Inc. (RAKR)
CIK:        0001872292
Form:       8-K
Filed at:   2023-12-20T23:59:59+00:00
Accession:  0001493152-23-045494
Event type: m_and_a
Sentiment:  positive
Materiality: 0.70
Item codes: 7.01
LLM model:  deepseek-v4-flash:cloud@v2

Rainmaker Worldwide extends Miranda acquisition at $5M; shares issued prior to closing
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1872292/000149315223045494/0001493152-23-045494-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1872292/000149315223045494/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-23-045494

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