Company: RAIN
Filing Date: 2025-02-12
Form Type: 424B3
Source: 0001213900-25-012904
Chunk: 90

Company: Rain Enhancement Technologies Holdco, Inc.
Filing Date: 2025-02-12
Form: 424B3
Chunk 90
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 the historical periods presented, as Holdco management believes income tax adjustments to not be meaningful given the combined entity incurred significant losses during the historical periods presented. Holdco management considers this basis of presentation to be reasonable under the circumstances.

The unaudited pro forma condensed combined financial information has been prepared based on actual redemptions, actual PIPE subscriptions as discussed in the section titled “Introduction” above.

The Class A Common Stock issued at the Closing was determined based on an exchange ratio (the “Exchange Ratio”) equal to approximately 1,434 (that was calculated based on the redemption price of approximately $11.41 immediately prior to Closing). See Introduction for more information.

| 2. | Transaction                                                                  
 Accounting Adjustments to Unaudited Pro Forma Combined Financial Information |

Unadjusted Accounting Transactions to Unaudited Pro Forma Combined Financial Statements

The unaudited pro forma condensed financial statements exclude the effects of the following transactions:

| (i) | Forward                                                                                             
 Purchase Agreement with Meteora: On December 30, 2024, Holdco entered into the Forward              
 Purchase Agreement with Meteora for an OTC equity prepaid forward transaction. An aggregate         
 of 361,858 Forward Purchase Shares are subject to the Forward Purchase Agreement, for which         
 Meteora was paid a Prepayment of approximately $4.1 million at Closing and the Company retained     
 a Prepayment Shortfall of approximately $20,000. Meteora may sell the Forward Purchase shares       
 at any time following the Closing Date until the Maturity Date at a price not less than $10.00      
 per share. If Meteora sells any of the Forward Purchase Shares, Meteora will pay to Holdco          
 $10.00 for each share sold, less the Prepayment Shortfall. On Maturity Date, any Forward            
 Purchase Shares that have not been sold by Meteora will be returned to the Company for no           
 consideration, provided that if the proceeds of the shares sold by Meteora prior to the Maturity    
 Date is less than the Prepayment Shortfall, then Holdco will pay cash to Meteora in an amount       
 equal to such difference. Management is currently assessing the accounting impact of such           
 transaction and cannot reasonably estimate its fair value of these financial instruments.           
 For the purpose of this statement, management reflected the full Prepayment amount of approximately 
 $4.1 million to Meteora in Prepaid Forward Purchase Agreement within shareholders’                  
 deficit in the accompanying unaudited pro forma combined financial