Company: TACOW
Filing Date: 2025-02-10
Form Type: DRS
Source: 0001829126-25-000836
Chunk: 16

Company: Berto Acquisition Corp.
Filing Date: 2025-02-10
Form: DRS
Chunk 16
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 June 2023, November 2023, September 2024 and December 2024, Coliseum held shareholder meetings to
extend the date by which it must complete a business combination, and in connection therewith, 9,121,799 public shares, 3,001,840 public
shares, 1,089,249 public shares, and 856,188 public shares were redeemed. On June 26, 2024, Coliseum entered into a business combination
agreement with Rain Enhancement Technologies, Inc., a business formed to develop, improve and commercialize ionization rainfall generation
technology. In connection with the special meeting of stockholders of Coliseum to approve the business combination with Rain Enhancement
Technologies, Inc., shareholders holding 505,207 public shares exercised their rights to redeem those shares for cash at a price of approximately
$11.41 per share for an aggregate of $2.37 million. Together with the public shares submitted for redemption in connection with the extension
meetings as described above, approximately 97.16% of the public shares issued in Coliseum’s initial public offering were redeemed.
Following the closing, Class A common stock and warrants of Rain Enhancement Technologies Holdco, Inc. began trading on Nasdaq on January 2,
2025 under the ticker symbols “RAIN” and “RAINW,” respectively. On February 7, 2025, the closing sale price
of RAIN and RAINW were $3.51 and $0.12, respectively. As of February 7, 2025, the aggregate market capitalization of Rain Enhancement
Technologies Holdco, Inc. reflects a market value of approximately $26.38 million.

dMY Technology Group, Inc. VI

In April 2021, Mr. You founded dMY Technology Group, Inc. VI, a blank check company formed for substantially similar purposes as our company. Mr. You served as co-chairman of the board of dMY VI from April 2021 to April 2023. dMY VI completed its initial public offering in September 2021, in which it raised aggregate of approximately $210,000,000. On December 22, 2022, dMY VI announced that it had entered into a definitive agreement for a business combination with Rain Enhancement Technologies, Inc. The business combination was unsuccessful and dMY VI liquidated on April 27, 2023. Prior to its liquidation, dMY VI’s units, Class A common stock