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An update from Rainmaker Worldwide ( (RAKR) ) is now available.
Rainmaker Worldwide Inc. announced the retirement of Michael Skinner from its Board of Directors, reducing the board’s size from three to two. Additionally, CEO Michael O’Connor and VP of Finance Kelly White converted a total of $935,333 in promissory notes and accrued interest into restricted common stock shares. This strategic move aims to strengthen Rainmaker’s financial position by eliminating debt, aligning management incentives with shareholder interests, and ensuring long-term shareholder value while adhering to regulatory requirements.
More about Rainmaker Worldwide
Rainmaker Worldwide Inc. operates in the water technology industry, focusing on innovative solutions to provide sustainable and efficient water production and treatment services. The company is known for its unique technology that addresses global water scarcity issues.
Average Trading Volume: 49,909
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: $181.9K
For a thorough assessment of RAKR stock, go to TipRanks’ Stock Analysis page.
