Company: RAIN
Filing Date: 2025-04-18
Form Type: POS AM
Source: 0001213900-25-033116
Chunk: 206

Company: Rain Enhancement Technologies Holdco, Inc.
Filing Date: 2025-04-18
Form: POS AM
Chunk 206
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, 2024, the fair value measurements for the Warrants were classified as Level 2 due to low trading volume. During the fiscal year ended December 31, 2024, there were no transfers between levels of the fair value hierarchy. During the fiscal year ended December 31, 2023 there were no liabilities measured at fair value. Note 8 — Stockholders’ Deficit According to the Company’s Amended Articles of Organization, as of December 31, 2024, the Company is authorized to issue 30,000,000shares of Class A common stock, par value $ 0.0001(“Class A Common Stock”), 1,000,000shares of Class B common stock, par value $ 0.0001, and 1,000,000shares of preferred stock, par value $ 0.0001. Holdco Class A Common Stock entitles the holders thereof to onevote per share on all matters on which the shares of Holdco Class A Common Stock is entitled to vote, and Holdco Class B Common Stock entitles the holders thereof to fifteenvotes per share on all matters on which the shares of Holdco Class B Common Stock are entitled to vote. Additionally, for so long as the RWT Founders (Paul T. Dacier, Harry L. You, and Niccolo de Masi, or their affiliates) hold at least 20% of the number of shares of Holdco Class B Common Stock collectively held by them as of the Closing, the RWT Founders have rights that are different from unaffiliated shareholders, including the right to fill vacancies on the Holdco Board, to call special meetings of shareholders, and the Holdco A&R Articles permits action by written consent of the shareholders and requires that amendments to the Holdco A&R Articles be approved by a majority of the shares of Holdco Common Stock entitled to vote in lieu of two-thirds of the shares of Holdco Common Stock entitled to vote on the matter. The Dual Class Structure will terminate on the date that is five yearsafter completion of the Business Combination, or earlier (i) at the option of the holder at any time, (ii) automatically on the date on which the RWT Founders or their Permitted Transferees (as defined in the Holdco A&R Articles) collectively own twenty percent ( 20%) or less of the number of shares of Holdco Class B Common Stock collectively held by such persons or their Permitted Transferees