---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-24-002302"
form_type: "8-K"
ticker: "RAKR"
cik: "0001872292"
company_name: "Rainmaker Worldwide Inc."
filed_at: "2024-01-16T23:59:59+00:00"
generated_at: "2026-06-06T23:28:56.701896+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "medium"
source: SEC EDGAR
---

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

## Summary
- 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%.

## SEC filing metadata
- accession: 0001493152-24-002302
- form_type: 8-K
- ticker: RAKR
- cik: 0001872292
- company_name: Rainmaker Worldwide Inc.
- filed_at: 2024-01-16T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: medium
- sec_items: 7.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1872292/000149315224002302/0001493152-24-002302-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1872292/000149315224002302/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-24-002302
- JSON: https://secwatch.observer/filing/0001493152-24-002302.json
- Plain text: https://secwatch.observer/filing/0001493152-24-002302.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.