Rainmaker Worldwide Inc. has entered into a settlement agreement to resolve a legacy debt obligation originally issued in 2020, providing the company with a defined pathway to address an obligation with a stated balance exceeding $5 million. The agreement requires the company to make a cash payment of $500,000 by February 27, 2026, with interest on the obligation having ceased to accrue as of December 25, 2025. This financial resolution comes as Rainmaker Worldwide continues to position itself in the global water technology market, developing energy-efficient systems that generate clean water from the air and providing decentralized water purification and wastewater reuse solutions.
The settlement represents a significant development for the water technology company as it moves to resolve a financial liability that has been on its books for several years. Upon satisfaction of the settlement terms, the agreement provides for the release of all claims related to the obligation, potentially removing a substantial financial overhang. Completion of the settlement remains subject to the company's timely performance under the agreement, with no assurance given that the conditions to completion will be satisfied. Through its partial ownership of Miranda Water Technologies, Rainmaker offers advanced solutions including the R/OCell® reverse osmosis system and the Miracell® Rotating Biological Contactor wastewater treatment system.
Additional details regarding the settlement are included in the company's Current Report on Form 8-K filed with the Securities and Exchange Commission, available through the SEC's EDGAR database at https://www.sec.gov/edgar/searchedgar/companysearch. The settlement agreement allows Rainmaker to redirect resources toward its core mission of addressing global water scarcity through innovative technology solutions. The company's portfolio includes its AtmoCell Air-to-Water system and the SmartCell control platform for real-time monitoring and optimization.
Together with Miranda Water Technologies, Rainmaker has deployed more than 1,200 systems across 40 countries, serving municipalities, industries, and communities worldwide. The debt settlement represents a strategic step toward strengthening the company's financial foundation as it continues to expand its presence in the water technology sector. This resolution provides Rainmaker with greater financial flexibility to pursue its mission of delivering sustainable water solutions to regions facing water scarcity challenges.
