Rainmaker Worldwide restructures payables into convertible notes and long-term loans to ease short-term cash needs

Rainmaker Worldwide Inc.

Converted short-term payables into convertible promissory notes with 30% discount to 30-day VWAP as of Jan 5, 2024.
Long-term loan carries 10% interest rate, below third-party rates.
Restructuring aims to relieve short-term cash demands in anticipation of upcoming transactions and future financing.
Convertible notes discount based on precedent from prior transactions at 30%.

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