other material
confidence high
sentiment neutral
materiality 0.60
Rainmaker Worldwide completes 1-for-25 reverse split to requalify for OTCQB listing
Rainmaker Worldwide Inc.
- Share consolidation effective September 26, 2024, at a 1-for-25 ratio.
- Common shares trade on OTC Pink under temporary symbol 'RAKRD' for 20 business days, then revert to 'RAKR'.
- Purpose: increase per-share price to meet OTCQB Venture Market listing requirements.
- No fractional shares issued; fractional amounts rounded down to nearest whole share.
- CEO Michael O'Connor states split is crucial for long-term growth and to attract institutional investors.