Rainmaker Worldwide Inc. Files a Proxy Statement for a Special Meeting of Stockholders to Increase Authorized Capital and Authorize the Issuance of Preferred Shares
June 8, 2022
June 8th, 2022 – Rainmaker Worldwide Inc. (OTCQB: “RAKR”) (“Rainmaker” or the “Company”), a global leader in water production and purification, is pleased to announce that it has filed and is in the process of mailing and emailing (where stockholders allow) a Proxy Statement (the “Proxy”) and related materials for the special meeting (the “Meeting”) of the Company’s stockholders (the “Stockholders”) to be held on June 29, 2022. The Meeting is being held to approve the increase in authorized shares of the Company’s common stock to 500 million from the original 200 million, and authorize the creation of 1 million preferred shares (the “Proposal”).
Board of Directors Unanimously Recommends that
Stockholders vote FOR the Proposal.
Benefits to Stockholders
Management and Board of Directors’ Ability to Raise Capital and Create Growth and Value:
- While there are no imminent plans to increase Issued Capital, the Board and Management of the Company require the tools to raise growth capital in the future. This would be used for activities such as building inventory to support real time delivery and potential acquisitions of companies with complementary technology that would further enhance growth.
Additional information related to the benefits and related risks of the Proposal are contained in the Proxy Statement. The Proxy Statement and 10-K (2021 Annual SEC filing) are available on the Rainmaker website https://rainmakerww.com/investorkit/ .
Unanimous Board Recommendation
The Board of Directors has undertaken a careful review to consider the terms of the Proposal. After consulting with its financial and legal advisors and such other matters as it considered necessary and relevant, has unanimously determined that the Proposal is in the long-term best interests of the Company and is fair to the Stockholders.
The Board of Directors unanimously recommends that the Stockholders vote FOR the Proposal. Stockholders will be in a position to exercise their vote as soon as they receive the material by email or via United States Postal Service First Class Mail or from their broker.
Meeting and Proxy
The Meeting will be held as a virtual-only meeting conducted by live webcast at 12:00 p.m. (EDT) on June 29, 2022. Stockholders will not be able to attend the meeting in person. The Board of Directors has fixed the close of business on May 5th, 2022 as the record date, being the date for the determination of the Stockholders entitled to receive notice of meeting including instructions to vote. Register and join the meeting from anywhere using this link: https://audience.mysequire.com/webinar-view?webinar_id=cd01eb30-f9f1-4505-9fad-46fd1202e34f .
You can vote by Internet
Instead of mailing your proxy, you may choose to vote on the Internet to ensure your vote is counted before meeting time. Validation details including Control ID are located on the Proxy Card which you will receive in the mail. If preferred, Stockholders can request the materials, including the Control ID number, be delivered by email. Please notify the Company at firstname.lastname@example.org with the subject line “Stockholder Meeting”.
Please vote immediately. Your vote is important.
Log on to the Internet and go to https://ipst.pacificstocktransfer.com/pxlogin to vote.
Follow the steps outlined on this secure website once you receive your Control ID on your Proxy Card.
Proxies must be received by the Company’s transfer agent, Pacific Stock Transfer, at 6725 Via Austi Pkwy, Suite 300, Las Vegas, Nevada 89119. REGISTRAR MUST RECEIVE YOUR VOTING INSTRUCTIONS BY 11:59PM EDT ON 6/28/22. Again, we urge all stockholders to vote well in advance of this deadline to ensure your vote is counted.
For Stockholders that hold their common shares through a broker or other intermediary, a completed voting instruction form should be deposited in accordance with the instructions printed on the form. Please contact your broker to ensure you receive materials on time and follow instructions provided.
Certain matters discussed in this announcement contain statements, estimates and projections about the growth of Rainmaker’s business, potential distribution partnerships and/or clients, and related business strategy. Such statements estimates and projections may constitute forward-looking statements within the meaning of the federal securities laws. Factors or events that could cause our actual results to differ may emerge from time-to-time. Rainmaker undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. The recipient of this information is cautioned not to place undue reliance on forward-looking statements.
For more information about the Proposal or the method of voting please contact Rainmaker Worldwide at: