Rainmaker Worldwide Inc. Issues Restricted Shares to Settle Dividends

What Happened Rainmaker Worldwide Inc. (RAKR) announced on September 2, 2026 that it issued 9,955,367 shares of restricted common stock to holders entitled to accrued Monthly Dividends under its Series A Preferred Stock. The issuance satisfied all accrued and unpaid Monthly Dividends through August 31, 2026 and extinguished $225,020.59 of dividend obligations. The shares were issued for non-cash consideration, were not the result of a conversion of the Series A Preferred Stock, and were issued as restricted book-entry securities.

Key Details

• Issuance date: September 2, 2026; covered dividend period through August 31, 2026.
• Shares issued: 9,955,367 restricted common shares.
• Amount satisfied: US$225,020.59 of accrued dividend obligations (no cash received).
• Post-issuance common shares outstanding: 95,004,273.
• Dividend terms: Series A Preferred pays a fixed Monthly Dividend equal to 1.5% of the original purchase price; share issuance calculation based on 30-day VWAP.
• Securities law: Shares issued under the Section 4(a)(2) exemption (not a public offering).

Why It Matters This transaction converted a modest cash dividend liability into equity, conserving cash by issuing nearly 10 million restricted shares. The issuance increases the company's outstanding common shares, which investors should factor into per-share metrics (e.g., earnings per share, book value per share). The filing confirms the company has no accrued Series A Monthly Dividend obligations through August 31, 2026.