---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-26-002277"
form_type: "8-K"
ticker: "RAKR"
cik: "0001872292"
company_name: "Rainmaker Worldwide Inc."
filed_at: "2026-01-14T23:59:59+00:00"
generated_at: "2026-05-16T10:28:12.414105+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001493152-26-002277
- form_type: 8-K
- ticker: RAKR
- cik: 0001872292
- company_name: Rainmaker Worldwide Inc.
- filed_at: 2026-01-14T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1872292/000149315226002277/0001493152-26-002277-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1872292/000149315226002277/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-26-002277
- JSON: https://secwatch.observer/filing/0001493152-26-002277.json
- Plain text: https://secwatch.observer/filing/0001493152-26-002277.txt

## Key facts
- Material Agreements
  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
  source text: 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”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1872292/000149315226002277/0001493152-26-002277-index.htm

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