Sphere 3D (ANY) and Rainmaker Worldwide Terminate Agreement to Acquire Rainmaker Water Technology and Service Provider Agreements
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Rainmaker Worldwide Expands its Water-as-a-Service Business Following Termination of Share Purchase Agreement with Sphere 3D Corp. (ANY)
February 16, 2021 8:36 AM ESTRainmaker Worldwide Inc. (OTC: RAKR) (Company or Rainmaker) announced today that the previously announced definitive Share Purchase Agreement (the Agreement) with Sphere 3D Corp. (NASDAQ: ANY) for the acquisition of Rainmaker Holland BV, a wholly owned subsidiary of RAKR, has been terminated. Despite both parties best efforts, it became apparent that all requirements, including regulatory approvals could not be completed within the timeline acceptable to both parties. No break-fee or termination costs were paid by either party.
Effective immediately, Rainmaker is expanding its Water-as-a-Service (WaaS) offering by... More
Sphere 3D (ANY) to Resume Trading at 8:45 a.m.
February 16, 2021 8:22 AM ESTSphere 3D (NASDAQ: ANY) to Resume Trading at 8:45 a.m.
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