Rainmaker director reports 6.2% stake in company
Rhea-AI Filing Summary
Rainmaker Worldwide Inc. (RAKR) discloses that director Michael A. Skinner, through wholly owned entities MAS Capital Inc. and Kawartha Entertainment Group Inc., beneficially owns 6,128,162 shares of common stock, representing 6.2% of the outstanding common stock, including shares issuable from Series A Preferred Stock that is immediately convertible.
The position consists of 1,496,895 currently outstanding common shares and 4,631,267 common shares issuable upon conversion of Series A Preferred Stock held by MAS Capital and Kawartha. On September 2, 2026, Rainmaker issued common shares to these entities in payment of accrued dividends on the preferred stock, and Kawartha also made recent open‑market purchases under a pre‑established 90‑day purchase instruction.
Positive
- None.
Negative
- None.
Filing Explained
The Schedule 13D states that Michael A. Skinner acquired the reported position for investment purposes, has no present plans for the specified control-related actions, but may acquire or dispose of additional securities in the ordinary course.
Key Figures
Beneficially owned shares: 6,128,162 shares
Ownership percentage: 6.2%
Outstanding common stock: 95,004,273 shares
+5 more
8 metrics
Beneficially owned shares
6,128,162 shares
Aggregate common stock beneficially owned by Michael A. Skinner
Ownership percentage
6.2%
Percent of Rainmaker common stock beneficially owned by Michael A. Skinner
Outstanding common stock
95,004,273 shares
Common shares outstanding used to calculate beneficial ownership percentage
Outstanding common shares held
1,496,895 shares
Currently outstanding common stock included in Skinner’s beneficial ownership
Shares issuable upon conversion
4,631,267 shares
Common shares issuable from immediately convertible Series A Preferred Stock
Series A Preferred Stock MAS Capital
35,469 shares
Series A Preferred Stock held by MAS Capital Inc.
Series A Preferred Stock Kawartha
34,000 shares
Series A Preferred Stock held by Kawartha Entertainment Group Inc.
Recent open‑market purchases
560,860 shares
Aggregate Rainmaker common shares bought by Kawartha in the 60 days before filing
Key Terms
beneficially owns, Series A Preferred Stock, volume-weighted average price, sole dispositive power, +1 more
5 terms
beneficially owns financial
"The Reporting Person may be deemed to beneficially own an aggregate of 6,128,162"
Beneficially owns means a person or entity enjoys the economic benefits and control of a security even if the legal title or registration is held in another name. Think of it like having the keys and profits from a car that is registered to a friend: you use it, benefit from it, and make decisions about it even though the official paperwork lists someone else. For investors, this matters because it reveals who truly controls shares, affects voting power, potential conflicts of interest, and regulatory disclosure obligations.
Series A Preferred Stock financial
"accrued dividends on Series A Preferred Stock that is immediately convertible"
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.
volume-weighted average price financial
"using the applicable 30-day volume-weighted average price ("VWAP")"
Volume-weighted average price (VWAP) is the average price of a stock over a specific time period where each trade is weighted by the number of shares traded, so larger trades influence the average more than small ones. Investors and traders use VWAP as a reference point to judge whether trades are happening at relatively good or poor prices—like checking the average price paid for an item at a market where bulk purchases count more than single-item buys.
sole dispositive power financial
"The Reporting Person has sole voting power and sole dispositive power"
Sole dispositive power is the exclusive legal authority to decide what happens to a security — for example, whether to sell, transfer, or retain shares — without needing anyone else’s permission. Investors care because it signals who truly controls the economic outcome of an investment: like holding the only key to a safe, the holder can realize gains or losses and may trigger regulatory reporting, insider rules, or influence over corporate ownership.
pre-established 90-day purchase instruction financial
"purchases were executed pursuant to a pre-established 90-day purchase instruction"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What percentage of Rainmaker Worldwide Inc. (RAKR) does Michael A. Skinner report owning?
Michael A. Skinner reports beneficial ownership of approximately 6.2% of Rainmaker Worldwide Inc. common stock, based on 6,128,162 shares deemed beneficially owned and 95,004,273 common shares outstanding plus shares issuable from immediately convertible Series A Preferred Stock.
Through which entities does Michael A. Skinner hold his RAKR stake?
The reported Rainmaker stake is held through MAS Capital Inc. and Kawartha Entertainment Group Inc., each wholly owned by Michael A. Skinner. These entities hold both common stock and shares of Series A Preferred Stock that are immediately convertible into common stock.
Does Michael A. Skinner have sole voting and dispositive power over his RAKR holdings?
Yes. The filing states that Michael A. Skinner has sole voting power and sole dispositive power over 6,128,162 Rainmaker common shares and has no shared voting or shared dispositive power over any shares.
AI-generated analysis. How Rhea-AI works. Not financial advice.
