Michelle White has amended her ownership report, providing a corrected account of her shareholding in Rainmaker Worldwide Inc. This amendment is significant as it reflects the importance of accurate reporting in corporate governance.
The filing, made on October 22, 2026, clarifies that White, who serves as a director and financial officer of Rainmaker, has adjusted her reported ownership of shares following a transfer from 2752128 Ontario Ltd. to herself. The amendment corrects the direct ending balance of shares from 14,665,694 to 14,814,440, ensuring transparency in her ownership status.
Background
Rainmaker Worldwide Inc. operates within the bottled and canned soft drinks industry, classified under SIC 2086. The company is based in Las Vegas, Nevada, and is publicly traded under the ticker symbol RAKR. Recent filings indicate that White is a significant player in the company, holding over 10% of its shares.
What the Filing Says
The filing states, "This amendment corrects the direct ending balance from 14,665,694 to 14,814,440 by including the pre-existing 148,746 direct shares." It further explains that the shares were transferred to White personally for no cash consideration, retaining her economic interest.
Impact
This update may affect various stakeholders, including investors and company management, as it underscores White's substantial ownership stake and her roles as a director and officer. The correction also emphasizes the need for precise reporting in maintaining investor trust and regulatory compliance.
What's Next
The filing does not say what happens next.