other material
confidence high
sentiment negative
materiality 0.80
Rainmaker Worldwide issues 17.3M common shares on preferred conversion, diluting by ~26%
Rainmaker Worldwide Inc.
- 259,000 Series A Preferred shares converted into 17,266,666 common shares at $0.015 per share.
- No cash received; exemption claimed under Section 3(a)(9) of Securities Act.
- Common shares outstanding rose from 66.5M to 83.8M post-conversion.
- 205,538 Series A Preferred shares remain outstanding after the conversions.