other material
confidence high
sentiment neutral
materiality 0.50
Rainmaker Worldwide issues 2.3M common shares on preferred conversion, sells 430K new Series A Preferred
Rainmaker Worldwide Inc.
- Issued 2,297,467 common shares upon voluntary conversion of 33,462 Series A Preferred at $0.015/share.
- Common shares outstanding increased from 58,835,595 to 61,113,062; 115,538 Series A Preferred remain after conversion.
- Subsequently issued 430,000 new Series A Preferred shares to the same holder in a private placement under Section 4(a)(2).
- Total Series A Preferred outstanding now 545,538; no public offering or general solicitation used.
- Transaction relied on accredited investor exemption; no underwriter or registration statement.