Rainmaker settles $5.0M debt with Sphere 3D for $500K cash payment

Rainmaker Worldwide Inc.

Outstanding balance of $5.0M settled for $500K cash due by Feb 27, 2026.
Interest ceased accruing as of Dec 25, 2025; amount increases if payment is late.
Mutual release of all claims related to original Oct 2020 debt upon full payment.
Settlement reduces debt by approximately 90% if paid on time.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Rainmaker Worldwide Inc. entered into Settlement Agreement and Mutual Release with Sphere 3D Corp. valued at $500,000 (effective 2026-01-13).

Action: entry
Agreement: settlement
Counterparty: Sphere 3D Corp.
Value: $500,000
Effective: 2026-01-13

Exact text from the filing

On January 13, 2026, Rainmaker Worldwide Inc. (the “Company”) entered into a Settlement Agreement and Mutual Release (the “Settlement Agreement”) with Sphere 3D Corp. (the “Holder”).

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294 material agreements filed in the last 30 days. Browse all material agreements →

Rainmaker Worldwide Inc. filing history →

Source: SEC EDGAR

accession 0001493152-26-002277

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