Rainmaker Worldwide Files SEC Form 10 to Prepare for OTCQB Up-List
July 21 2021 - 8:17AM
InvestorsHub NewsWire
Peterborough, Canada -- July 21, 2021 -- InvestorsHub NewsWire
-- Rainmaker Worldwide Inc. (OTC:
RAKR)
(“Company”, “Rainmaker” or
“RAKR”) announced today that on Monday, July 19th
the Company filed SEC Form 10 with the Security and Exchange
Commission, completing another critical requirement for RAKR to
up-list to the OTCQB®.
Subject to successful completion of the registration process and
approval from OTC Markets, up-listing to the OTCQB® would position
RAKR to access capital from sources currently unable to support
companies traded on OTC PINK. “The future growth of Rainmaker will
require broad access to efficient capital,” said Rainmaker CEO
Michael O’Connor. “We are very excited to take this critical next
step and provide both existing and future shareholders with the
highest levels of transparency.” There can be no assurance that the
Company will be successful in its efforts to become quoted on the
OTCQB.
With its eye on the OTCQB®, the Company has been strategically
restructuring since late 2020 by eliminating significant debts and
contingent liabilities from its balance sheet. RAKR has also been
seeking to increase its board to a five-member board and is in the
process of recruiting two qualified independent directors to comply
with OTCQB® listing requirements. Most importantly, Rainmaker has
completed the audit of its financial statements for the years ended
December 31, 2019 and 2020.
Concurrent with its financial and governance restructuring,
Rainmaker has been expanding its Water-as-a-Service (“WaaS”)
offering by sourcing new and innovative water solutions to service
a wider range of applications. The Company strongly believes that
providing a greater selection of water solutions will result in
solving more water scarcity issues globally, a crisis that has been
exacerbated by COVID-19.
As the world emerges from the global pandemic, Rainmaker is
strongly pursuing the implementation of previously announced
projects that were stalled over the past several months. Initially,
the Company will be sending two full size Air-to-Water (“AW”) and
Water-to-Water (“WW”) machines to Canada for JV partners to test
and conduct training on the equipment. The AW and WW units will
also be used to showcase water production to multiple groups who
have demonstrated considerable interest in Rainmaker solutions.
RAKR’s dedication to bringing halted projects to fruition will
be matched with a determination to continue sourcing new clean
water solutions to help the 2.2 billion in population who are
suffering from clean water scarcity.
Mr. O’Connor stated, “The past year and a half has made the
global emergency for accessible clean water more dire. Rainmaker’s
water solutions are in demand now more than ever before as we
witness surging levels of drought, wildfire, and other disasters
ruin the lives of millions. RAKR’s next step of transitioning from
PINK to OTCQB® will ultimately empower us to deliver clean water to
more people worldwide.”
About Rainmaker Worldwide Inc.
Rainmaker Worldwide Inc. (OTC:
RAKR) is a leader in affordable water solutions through a
Water-as-a-Service business model. RAKR is headquartered in
Peterborough, Canada. The Company provides economical drinking
water at scale wherever it is needed. Rainmaker was recognized as
the Best Community Impact Water Solutions Global 2020 by Capital
Finance International. For latest product information and
FAQ’s please visit www.rainmakerww.com.
Forward-looking Statements:
Certain matters discussed in this announcement contain
statements, estimates and projections about the growth of
Rainmaker’s 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’s 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.
Investor Contact
Rainmaker Worldwide Inc.
Michael O’Connor
Executive Chairman and Chief Executive Officer
info@rainmakerww.com
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