Company: RAIN
Filing Date: 2025-02-12
Form Type: 424B3
Source: 0001213900-25-012904
Chunk: 109

Company: Rain Enhancement Technologies Holdco, Inc.
Filing Date: 2025-02-12
Form: 424B3
Chunk 109
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 million.

On January 29, 2025, the Company closed an additional $500,000 of investment pursuant to the PIPE Subscription Agreements and issued an aggregate of 43,910 shares of Class A Common Stock to the PIPE Investors.On February 6, 2025, the Company closed on the remaining $150,000 of investment pursuant to
the PIPE Subscription Agreements and issued an aggregate of 13,173 shares of Class A Common Stock to the PIPE Investors. Additionally,
the Company has $7 million available which may be borrowed under the Commitment from an affiliate of Harry You, of which $300,000 has
been borrowed as of the date of this prospectus, subject to the terms and conditions of the Loan Agreement. The Company may seek additional
sources of capital, but there can be no assurance that additional financing will be available to the Company on favorable terms or at
all. See “Risk Factors – the Company will need additional capital to pursue its business objectives and respond to business opportunities, challenges or unforeseen circumstances, and it cannot be sure that additional financing will be available.”

RET’s primary use of
proceeds from the Business Combination will be to support the development and organic growth of its ionization rainfall generation platform.
Additional water technologies can be acquired or licensed provided a significant margin of error is maintained on reaching profitability
on the ionization rainfall generation.

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Approximately equal components of investment are expected in building RET’s sales and marketing infrastructure, as its technical (hardware, software, physics and engineering) and operations (client, install, maintenance and manufacturing) talent. Attracting and retaining the leading talent in the world, and manufacturing and installing its hardware will be the primary use of capital through breakeven.

Additional rainfall generation technologies, as well as adjacent desalination, wastewater treatment, water purification, mineral extraction, cloudseeding and other water generation services may be considered for inorganic expansion.

RET management estimates $40 million capital requirements for its five-year
business plan. Prior to the closing of the Business Combination, RET management determined that RET would be able to execute on its operating
plan for at least the next 12 months following the Closing if RET received at least $10 million in proceeds from the Business Combination,
after giving effect to redemptions of Public Shares but before the payment of transaction expenses. Because the Company received $9 million
in gross proceeds from the Business Combination before the payment of transaction expenses, the Company has adjusted production ramp