Rainmaker says Viva holds 7.8M shares plus prefs
Rainmaker Worldwide Inc. (RAKR) reported that Viva Industries Inc. is a more-than-ten-percent owner, filing initial holdings on Form 3.
Rhea-AI Filing Summary
Rainmaker Worldwide Inc. (RAKR) reported that Viva Industries Inc. is a more-than-ten-percent owner, filing initial holdings on Form 3. Viva holds 7,815,979 shares of Common Stock directly and 45,538 shares of Series A Preferred Stock.
The Series A Preferred Stock has a stated value of $1.00 per share and is immediately convertible into Common Stock at a conversion price of $0.015 per share, for an underlying 3,035,867 Common shares, at the holder’s option and with no stated expiration date.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Viva Industries Inc.
Role
10% Owner
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | SERIES A PREFERRED STOCK F1, F2 | -- | -- | -- |
| holding | COMMON STOCK | -- | -- | -- |
Holdings After Transaction:
SERIES A PREFERRED STOCK — 3,035,867 contracts (Direct);
COMMON STOCK — 7,815,979 shares (Direct)
Footnotes (2)
- F1. Represents 45,538 shares of Series A Preferred Stock, each having a stated value of $1.00 per share and convertible into shares of Common Stock at a conversion price of $0.015 per share.
- F2. The Series A Preferred Stock is immediately convertible into Common Stock at the option of the holder, subject to the terms and conditions of the Certificate of Designation. The Series A Preferred Stock has no stated expiration date. Accordingly, no expiration date is applicable.
Key Figures
Common Stock held: 7,815,979 shares
Series A Preferred Stock held: 45,538 shares
Underlying Common Stock from Series A Preferred: 3,035,867 shares
+2 more
5 metrics
Common Stock held
7,815,979 shares
Direct common shares held by Viva Industries Inc. after the reported holdings as of September 2, 2026
Series A Preferred Stock held
45,538 shares
Shares of Series A Preferred Stock held by Viva Industries Inc.
Underlying Common Stock from Series A Preferred
3,035,867 shares
Common shares issuable upon conversion of Viva Industries’ Series A Preferred Stock at the stated conversion price
Stated value per Series A Preferred share
$1.00 per share
Stated value for each share of Series A Preferred Stock held by Viva Industries
Conversion price to Common Stock
$0.015 per share
Conversion price at which Series A Preferred Stock is convertible into Common Stock
Key Terms
Series A Preferred Stock, stated value, conversion price, Certificate of Designation, +1 more
5 terms
Series A Preferred Stock financial
"Represents 45,538 shares of Series A Preferred Stock, each having a stated value"
Series A preferred stock is a type of ownership share in a company that gives investors certain advantages, such as priority in receiving profits or getting their money back if the company is sold or goes bankrupt. It is often issued during early funding stages to attract investors by offering more security than common shares. This stock matters to investors because it provides a safer way to invest while still holding potential for future gains.
stated value financial
"each having a stated value of $1.00 per share and convertible into shares"
Stated value is an accounting figure a company assigns to a share when the share has no par (legal) value; it becomes the portion of proceeds recorded as the company’s permanent capital for regulatory and bookkeeping purposes. It matters to investors because it affects the equity reported on the balance sheet and the legal limits on distributions or dividend payments, but it is not the market price — think of it as a record-keeping sticker price rather than what buyers actually pay.
conversion price financial
"convertible into shares of Common Stock at a conversion price of $0.015"
The conversion price is the fixed price at which a convertible security, like a bond or preferred stock, can be exchanged for shares of common stock. It acts like a set rate that determines how many shares an investor can receive if they choose to convert their investment. This helps investors understand the value and potential benefits of converting their securities into company shares.
Certificate of Designation regulatory
"subject to the terms and conditions of the Certificate of Designation"
A certificate of designation is a formal document that spells out the specific rights and rules attached to a particular class or series of stock, usually preferred shares. Think of it as a rulebook or menu that lists dividend terms, liquidation priority, conversion or redemption rights and any special voting protections; investors use it to judge how much income, control or downside protection those shares will provide compared with other securities.
no stated expiration date financial
"The Series A Preferred Stock has no stated expiration date."
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Rainmaker Worldwide Inc. (RAKR) disclose about Viva Industries Inc. in this Form 3?
Rainmaker Worldwide Inc. disclosed that Viva Industries Inc. is a more-than-ten-percent owner, reporting initial holdings of common stock and Series A Preferred Stock that is immediately convertible into additional common shares at the holder’s option.
What is Viva Industries’ preferred stock position in Rainmaker Worldwide (RAKR)?
Viva Industries holds 45,538 shares of Series A Preferred Stock of Rainmaker Worldwide Inc., each with a $1.00 stated value and immediately convertible into Common Stock at a conversion price of $0.015 per share.
Does the Series A Preferred Stock of Rainmaker Worldwide (RAKR) have an expiration date?
The filing states that the Series A Preferred Stock has no stated expiration date. It is immediately convertible into Common Stock at the option of the holder, subject to the terms of the Certificate of Designation.
AI-generated analysis. How Rhea-AI works. Not financial advice.
