Rainmaker Worldwide Inc. has entered into a Settlement Agreement and Mutual Release with Sphere 3D Corp. to resolve claims related to a debt obligation originally issued on October 1, 2020. As of December 25, 2025, the outstanding balance of the debt was approximately $5.0 million, including principal and accrued interest. Under the terms of the agreement, Rainmaker will settle the obligation by paying $500,000 in cash by February 27, 2026, with potential increases if payment is delayed. Interest on the original debt stopped accruing as of December 25, 2025. Upon completion of the settlement terms, both parties will release all related claims, significantly reducing Rainmaker’s debt burden. The agreement includes customary provisions and is subject to timely payment by the company.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Rainmaker Worldwide Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001493152-26-002277), on January 14, 2026, and is solely responsible for the information contained therein.