---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-25-000084"
form_type: "8-K"
ticker: "RAKR"
cik: "0001872292"
company_name: "Rainmaker Worldwide Inc."
filed_at: "2025-01-02T23:59:59+00:00"
generated_at: "2026-05-28T18:57:40.647334+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Rainmaker CEO and VP convert $935K debt into 26.9M restricted shares; director resigns

## Summary
- Michael Skinner resigned from board effective Dec 31, 2024 for personal reasons; board reduced to 2 directors.
- CEO Michael O'Connor and VP Kelly White converted $935,333 in principal and interest into 26,935,424 restricted shares at $0.0347 per share.
- Conversion eliminates $935,333 of debt from the balance sheet, reducing liabilities and enhancing financial flexibility.
- Restricted shares are subject to a 6-month holding period and Rule 144 volume and manner-of-sale restrictions.
- Skinner's departure had no disagreement with the company; conversion aligns management incentives with shareholders.

## SEC filing metadata
- accession: 0001493152-25-000084
- form_type: 8-K
- ticker: RAKR
- cik: 0001872292
- company_name: Rainmaker Worldwide Inc.
- filed_at: 2025-01-02T23:59:59+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 5.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1872292/000149315225000084/0001493152-25-000084-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1872292/000149315225000084/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-25-000084
- JSON: https://secwatch.observer/filing/0001493152-25-000084.json
- Plain text: https://secwatch.observer/filing/0001493152-25-000084.txt

## Key facts
- Executive change
  Michael Skinner resigned as Director at Rainmaker Worldwide Inc..
  - Action: resigned
  - Role: Director
  source text: On December 31, 2024, Mr. Michael Skinner, a member of the Board of Directors of Rainmaker Worldwide Inc. (the “Company”), notified the Company of his intention to retire from the Company’s Board of Directors for personal reasons, effective December 31, 2024.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1872292/000149315225000084/0001493152-25-000084-index.htm

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