Rainmaker Worldwide names two directors, launches corporate review

Rainmaker Worldwide appointed Ryan Moore and Michael Skinner to its board after Michael O’Connor resigned as director and interim CEO for health reasons. The company is now reviewing its reporting, governance and operations as it works to regain compliance and build around its Miranda Water Technologies partnership.

Why it matters: - Rainmaker Worldwide is trying to stabilize leadership while addressing delinquent public reporting and broader compliance issues. - The new board will determine whether the company can reset its governance, financing and operations around its water technology businesses. - Rainmaker remains quoted on the OTC Expert Market, which limits visibility and reflects its reporting problems.

What happened: - Rainmaker Worldwide appointed Ryan Moore and Michael Skinner to its board of directors. - Michael O’Connor resigned as director and interim CEO for health reasons. - O’Connor had asked the holders of the company’s Series A Preferred Stock to identify candidates before stepping down. - The Series A Preferred Stockholders unanimously selected Moore and Skinner as their designees. - Moore and Skinner were then appointed under the company’s governing documents and corporate procedures.

The details: - The new directors’ first task is a comprehensive review of Rainmaker’s financial position, public reporting obligations, corporate governance, contractual commitments, operations and existing resources. - Rainmaker plans to build a path back to current SEC periodic reporting and related compliance filings as soon as practicable. - The review will guide later decisions on governance, staffing, financial structure and operations. - Rainmaker intends to center its U.S. commercial effort on its exclusive distribution agreement with Miranda Water Technologies. - That agreement covers Miranda’s water and wastewater treatment products and services. - Rainmaker expects that relationship to drive U.S. marketing, sales, implementation and customer support. - Rainmaker also plans to continue commercializing its Air-to-Water technology platform. - Miranda Water Technologies substantially redesigned that platform in 2025 through engineering services. - Miranda is expected to keep promoting Rainmaker’s Air-to-Water technology through its global distribution and reseller network. - Moore and Skinner will evaluate the resources, staffing, financing and operational capabilities needed to carry out those plans.

Between the lines: - The board changes suggest Rainmaker is making a controlled transition rather than a full strategic reset. - The company is signaling that compliance cleanup and commercial execution will happen in parallel. - The Miranda relationship appears to be the core asset the new board wants to lean on while it tries to restore reporting discipline. - The forward-looking language shows Rainmaker is still dependent on execution, financing and partner support, not just the leadership change.

What's next: - Moore and Skinner will complete the corporate review and decide what changes Rainmaker needs. - The company will work on bringing its SEC filings current. - Rainmaker will develop a business and operating plan tied to its U.S. distribution strategy and Air-to-Water commercialization. - Future decisions will likely depend on staffing levels, available capital and operational capacity. - Rainmaker says it plans to continue using Miranda Water Technologies to support global promotion of the Air-to-Water platform.

The bottom line: - Rainmaker has replaced its interim leadership and started a review that could shape its turnaround, but the company still faces reporting, governance and execution challenges.