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FAQ: Rainmaker Worldwide's Legacy Debt Settlement Agreement
TL;DR
Rainmaker Worldwide resolves a $5M+ legacy debt for $500K, freeing capital to expand its sustainable water technology solutions globally.
Rainmaker Worldwide's settlement requires a $500K payment by February 27, 2026, to resolve a debt obligation with interest ceasing December 25, 2025.
By resolving financial obligations, Rainmaker can better focus on its mission to solve the global water crisis with sustainable technology.
Rainmaker Worldwide's debt settlement clears a major hurdle, allowing continued deployment of air-to-water systems across 40 countries.
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Rainmaker Worldwide Inc. has entered into a settlement agreement to resolve a legacy debt obligation originally issued in 2020, which provides the company with a defined pathway to resolve an obligation with a stated balance exceeding $5 million.
The company has agreed to make a cash payment of $500,000 on or before February 27, 2026, subject to increases if payment is not made by that date, and interest on the obligation ceased to accrue as of December 25, 2025.
Upon satisfaction of the settlement terms, the agreement provides for the release of all claims related to the obligation, though completion remains subject to the company's timely performance under the agreement.
Rainmaker Worldwide Inc. is a global leader in sustainable water technology solutions that develops energy-efficient systems to generate clean water from the air and provide decentralized water purification and wastewater reuse, with over 1,200 systems deployed across 40 countries.
Additional details regarding the settlement are included in the company's Current Report on Form 8-K filed with the Securities and Exchange Commission.
For media inquiries, contact Michael O'Connor, Chief Executive Officer and Chairman, at info@rainmakerww.com.
This settlement provides the company with a clear pathway to resolve a significant legacy debt obligation, potentially improving its financial position as it continues to expand its sustainable water technology business globally.
The announcement contains forward-looking statements and notes that completion of the settlement remains subject to the company's timely performance, with no assurance given that conditions to completion will be satisfied.
Curated from NewMediaWire
