Company: RAIN
Filing Date: 2025-04-25
Form Type: 424B3
Source: 0001213900-25-035587
Chunk: 19

Company: Rain Enhancement Technologies Holdco, Inc.
Filing Date: 2025-04-25
Form: 424B3
Chunk 19
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 of the
Business Combination Agreement, and (iii) pursuant to the terms of the Business Combination Agreement, each option exercisable for shares
of RWT Class A Common Stock became an Option exercisable for shares of Class A Common Stock on the same terms and conditions as were in
effect with respect to such RWT option immediately prior to the effective time of the Company Merger (including with respect to vesting
and termination-related provisions), except that (A) such Option relates to such number of shares of Class A Common Stock (rounded down
to the nearest whole share of Class A Common Stock) as is equal to (x) the number of shares of RWT Class A Common Stock subject to such
option multiplied by (y) approximately 1,434, and (B) the exercise price per share of such Option is equal to the quotient of (x) the
exercise price per share of such option in effect immediately prior to the Company Merger Effective Time divided by (y) approximately
1,434 (the exercise price per share, as so determined, being rounded up to the nearest full cent).

On the Closing Date, pursuant to the Warrant Exchange Agreement, the
Warrant Exchange occurred. Accordingly, as a result of the Warrant Exchange, on the Closing Date, the Company issued an aggregate of 806,250
shares of Class A Common Stock to the former holders of Coliseum Private Placement Warrants at the Closing and such Coliseum Private Placement
Warrants were cancelled and no longer outstanding.

On the Closing Date, the Company closed on $700,000 of investment pursuant
to the PIPE Subscription Agreements and issued an aggregate of 61,474 shares of Class A Common Stock to the PIPE Investors and recorded
a subscription receivable of $650,000 from two PIPE Investors for the purchase of 57,083 shares of Class A Common Stock. 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.

On December 30, 2024, the Company entered into
the Loan Agreement with RHY, an affiliate of Harry You, pursuant to which RHY