Rainmaker Worldwide insider acquires $164K note
The note was exchanged for $163,888.08 of accounts payable for previously rendered services, with principal convertible into approximately 6,069,929 common-share equivalents.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Rhea-AI Filing Summary
Rainmaker Worldwide Inc. (RAKR) reported that 2752128 Ontario Ltd. acquired a convertible promissory note indirectly held by Kelly Michelle White, a greater-than-10% owner at the transaction date, on December 31, 2025. The note was acquired in exchange for $163,888.08 of accounts payable for previously rendered services; no new cash was paid. It is convertible at the holder’s option at $0.027 per share before its December 31, 2026 maturity, subject to its terms. Its principal represents approximately 6,069,929 common-share equivalents; accrued interest is also convertible at the same price but is excluded from that count. The note bears 10% simple annual interest.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Convertible Promissory Note F2, F1, F3 | -- | $163,888.08 | -- |
Footnotes (3)
- F1. Principal divided by $0.027 equals 6,069,928.8889 share equivalents, shown as approximately 6,069,929 shares. Accrued interest is also convertible at the same price; no interest is included in the issuance-date principal share count.
- F2. The note was acquired in exchange for $163,888.08 of accounts payable for previously rendered services; no new cash was paid. The aggregate non-cash debt consideration and acquired/ending face amounts are stated in US dollars. It bears 10% simple annual interest and is convertible at the holder's option before maturity on December 31, 2026, subject to its terms.
- F3. This report discloses a previously omitted acquisition held indirectly through 2752128 Ontario Ltd. It reports acquisition of the note, not issuance of its underlying common shares.
Key Figures
Key Terms
Convertible Promissory Note financial
accounts payable financial
simple annual interest financial
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Kelly Michelle White report for RAKR?
AI-generated analysis. How Rhea-AI works. Not financial advice.