rjs1
1 day ago
Rainmaker Worldwide Restructures Board and Converts Debt
Management Change/Compensation Form 8 K
www.publicnow.com 01/02/2025
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
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. Mr. Skinner did not advise the Company of any disagreement with the Company on any matter relating to its operations, policies or practices. At this time, Mr. Skinner will not be replaced. Effective upon Mr. Skinner's resignation as a director, the size of the Company's Board of Directors will be reduced from three to two directors.
On January 2, 2025, Rainmaker Worldwide Inc. (the "Company") announced that Michael O'Connor, the Chief Executive Officer and Director of the Company, along with Kelly White, the Vice President of Finance, have converted all outstanding promissory notes, held in their respective companies, and accrued interest owed to them by the Company into restricted shares of the Company's common stock. These promissory notes and accrued interest were issued as part of compensatory arrangements approved by the Company's board of directors to defer cash payments in exchange for convertible debt.
The total principal and accrued interest converted by Mr. O'Connor and Ms. White aggregated to $935,333, which was converted into an aggregate of 26,935,424 restricted shares of the Company's common stock. The conversion price was $0.0347 per share, in accordance with the terms of the promissory notes.
The board of directors approved the conversion as part of its ongoing efforts to strengthen the Company's financial position and align management incentives with shareholder interests. The conversion eliminates $935,333 of debt from the Company's balance sheet, reducing outstanding liabilities and enhancing financial flexibility.
The shares of common stock issued to Mr. O'Connor and Ms. White as part of the convertible note conversion are considered restricted securities under Rule 144 of the Securities Act of 1933. As such, these shares are subject to a holding period of six months and may only be resold in compliance with the conditions of Rule 144, including volume limitations, manner of sale requirements, and other applicable restrictions. The Company believes that these restrictions align with its goals of long-term shareholder value by ensuring orderly market activity while adhering to regulatory requirements.
This conversion aligns with the Company's strategic goals and reflects the continued commitment of Mr. O'Connor and Ms. White to the Company's long-term success.
rjs1
6 days ago
Clean Water, Brighter Futures
Rainmaker Worldwide Inc. (OTC: RAKR) 490 followers490 followers 5d โข
5 days ago https://www.linkedin.com
The holiday season reminds us of the profound impact clean water can have on communities, businesses, and economies. At Rainmaker Worldwide, we remain committed to ensuring clean water is accessible, creating opportunities for growth, resilience, and prosperity. 💧
As we celebrate the season, we extend our heartfelt gratitude to everyone who has supported our efforts. Together, weโre building a world where clean water fuels brighter futures, stronger communities, and thriving businesses.
This holiday season, letโs unite in the belief that clean water is the foundation for opportunity and progress. Wishing you peace, joy, and hope from the Rainmaker family to yours.
rjs1
2 weeks ago
Ten Technology Trends for 2025: The Year of Reckoning
29 Nov 2024
https://bravenewcoin.com/insights/ten-technology-trends-for-2025-the-year-of-reckoning
As we step into 2025, the world stands at the crossroads of exponential technological change and geopolitical disruption. Innovation continues to accelerate, delivering transformative advancements across industries and society.
The backdrop to this reckoning is a world shaped by the second Trump presidency, where nationalist policies, protectionist trade measures, and techno-geopolitical rivalries intensify global disruption. While some technologies promise to elevate humanityโushering in new efficiencies, smarter healthcare and greater connectivityโothers erode trust, exacerbate inequality, and challenge societal norms at an unprecedented scale.
2025 will not just be a year of progress but one of reckoning, where society must confront the dual-edged nature of innovation. How we adapt, innovate, and regulate in this critical period will shape the trajectory of the coming decade.
INV4
2 months ago
Rainmaker Worldwide Inc. (OTC: RAKR) Announces Successful Implementation of 1.6 Million Liter Per Day Wastewater Treatment Project in Iraq
November 07 2024 - 8:30AM
NV, United States -- November 7, 2024 -- InvestorsHub NewsWire -- Rainmaker Worldwide Inc. (OTC: RAKR), a global leader in water technology solutions, is proud to announce the successful deployment of a 1.6 million liter per day wastewater treatment system in Iraq through its subsidiary, Miranda Water Technologies. This advanced system, based on the Miracell® Green technology, was designed and built in collaboration with NMR Construction and is currently servicing over 14,000 residents in the region.
Michael O'Connor, Chairman and CEO of Rainmaker Worldwide Inc., commented on this significant achievement, "We are excited for the successful completion of this large-scale wastewater treatment project in Iraq. The system has not only met but exceeded our expectations, both in terms of efficiency and the environmental impact. This success is a testament to the dedication of our team at Miranda Water Technologies and their ability to deliver reliable, scalable solutions for water management. We are committed to expanding our impact in the Middle East and beyond, ensuring communities have access to clean and safe water through innovative technologies like Miracell®."
Exceeding Expectations with Clean Effluent and Environmental Benefits
The Miracell® Green technology was designed to efficiently treat large volumes of wastewater while delivering high-quality effluent. After six months of continuous operation, the system has demonstrated exceptional performance, producing an effluent cleaner than initially projected and contributing to improved environmental conditions in the area.
Arch. Umut Gรผl, Technical Manager of NMR Construction, praised Miranda Water Technologies for their professionalism and the quality of their work, "It is with great pleasure that we provide this testimonial for Miranda Water Technologies. From the initial project discussions to the final installation, Miranda demonstrated exceptional professionalism, technical expertise, and commitment to excellence. The system is efficiently servicing over 14,000 people daily, and the quality of the effluent is even cleaner than originally projected. The environmental benefits of this solution have been a standout feature, and we have received positive feedback from the community regarding the improved wastewater management."
On-Time and On-Budget Execution
A key aspect of the projectโs success has been its timely completion and adherence to budget. Despite the complexities of delivering such a large-scale project, Miranda Water Technologies ensured that the entire processโfrom design to installationโwas seamless.
"The delivery of this project on time and on budget highlights the level of reliability and transparency we have come to expect from Miranda Water Technologies," continued Arch. Gรผl. "Their ability to communicate effectively and address any challenges along the way made this a truly smooth and successful partnership."
Rainmaker Worldwide Inc. continues to provide innovative, sustainable water solutions worldwide, and this project serves as another example of how the company is addressing the global need for effective water treatment technologies.
About Rainmaker Worldwide Inc.
Rainmaker Worldwide Inc. (OTC: RAKR) is a global leader in providing innovative, energy-efficient water treatment technologies. Rainmakerโs mission is to help solve the global water crisis through a range of products. Its Air-to-Water and subsidiary products, RO/CELL® and the patented Miracell® Rotating Biological Contactor (RBC) for wastewater treatment convert usable water from moisture in the air, seawater, and even wastewater, while supporting sustainability efforts worldwide.
Rainmaker owns Miranda Water Technologies, a joint subsidiary with Viva Industries Inc. specializing in advanced water and wastewater treatment solutions. Mirandaโs portfolio includes membrane bioreactors, containerized reverse osmosis systems, and over 1,200 deployed systems across 40 countries. Together, Rainmaker and Miranda serve residential and commercial clients, with a focus on water reuse and conservation.
For more information, visit www.rainmakerww.com.
About Miranda Water Technologies
Miranda Water Technology, with headquarters in Ankara, Turkey, and Peterborough, Ontario, is an internationally recognized leader in biological water and wastewater treatment, as well as water reuse systems. As a subsidiary of Rainmaker Worldwide Inc. and Viva Industries Inc., Miranda specializes in advanced wastewater treatment solutions, featuring proprietary technologies like the Miracell® Rotating Biological Contactor (RBC) and the R/OCELL system, which converts seawater, contaminated, or brackish water directly into potable drinking water. Miranda delivers sustainable, efficient solutions, earning the trust of governments, businesses, and communities globally. Supported by a global network of distributors, dealers, and installers, Miranda's systems are available worldwide.
For more information, FAQs, and the latest product updates, visit www.mirandawater.com.
Media Contact:
Rainmaker Worldwide Inc.
Michael OโConnor, Chairman
info@rainmakerww.com
Forward-Looking Statements
Certain matters discussed in this announcement contain statements, estimates and projections about the growth of Rainmakerโs business, potential distribution partnerships and/or clients, and related business strategy. Such statements, estimates and projections may constitute forward-looking statements within the meaning of the federal securities laws. Factors or events that could cause our actual results to differ may emerge from time-to-time. Rainmaker undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of, new information, future events or otherwise. The recipient of this information is cautioned not to place undue reliance on forward-looking statements.
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