Company: RAIN
Filing Date: 2025-04-16
Form Type: 10-K
Source: 0001213900-25-032239
Chunk: 530

Company: Rain Enhancement Technologies Holdco, Inc.
Filing Date: 2025-04-16
Form: 10-K
Item: Item 2
Chunk 530
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Item 2. Properties

Our corporate headquarters
are located at 4851 Tamiami Trail N, Suite 200 Naples, FL.

Item 3. Legal Proceedings

From time to time, Holdco and RWT may be involved
in certain claims and legal proceedings arising in the normal course of business. While the resolution of these matters cannot be predicted
with certainty, Holdco and RWT do not believe, based on current knowledge, that the outcome of any currently pending legal proceedings
in which Holdco or RWT is currently involved will have a material adverse effect on Holdco’s consolidated financial position, results
of operations or cash flow.

Item 4. Mine Safety Disclosures.

Not applicable.

41

PART II

Item 5. Market for Common Equity, Related
Stockholder Matters and Issuer Purchases of Equity Securities.

Market Information

Shares of our Class
A Common Stock and Warrants began trading on Nasdaq under the symbols “RAIN” and “RAINW”, respectively, on January
2, 2025. Shares of our Class B Common Stock do not trade on any market.

Holders

As of April 15, 2025, there were approximately
32 record holders of Class A Common Stock, 3 record holders of Class B Common Stock and 1 record holder of Warrants. The number of holders
of record does not include a substantially greater number of “street name” holders or beneficial holders whose shares of Class
A Common Stock and Warrants are held of record by banks, brokers and other financial institutions.

Dividends

Holdco has not paid any dividends to its shareholders.
It is the present intention of the Board to retain all earnings, if any, for use in Holdco’s business operations and, accordingly,
the Holdco does not anticipate declaring any dividends in the foreseeable future. The Board will consider whether or not to institute
a dividend policy. The determination to pay dividends will depend on many factors, including, among others, Holdco’s financial
condition, current and anticipated cash requirements, contractual restrictions and financing agreement covenants, solvency tests imposed
by applicable corporate law and other factors that the Board may deem relevant.

Recent Sales of Unregistered Securities

On December 31, 2024, in connection with the Closing,
the former RWT shareholders received an aggregate of 2,125,540 shares of Class A Common Stock and 57,572 shares of Class B Common Stock
pursuant to the terms of the Business Combination