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Sphere 3D Corp. entered into a definitive agreement to acquire 100% of Rainmaker Holland BV, a subsidiary of Rainmaker Worldwide Inc., which owns Air-to-Water and Water-to-Water technologies and customer contracts. Consideration includes preferred shares and cash.
Sphere 3D Corp. entered a definitive merger agreement to acquire Rainmaker Worldwide Inc., a Water-as-a-Service provider. The combined company will focus on water solutions.
The Dutch Ministry of Defense chose Rainmaker Worldwide, in collaboration with partner Bredenoord, to provide water purification systems for military bases in the field. The MD Water Power unit will be built to military specifications, providing up to 25 m3 of drinking water and 35 kW of electricity daily.