Company: RAIN
Filing Date: 2025-02-12
Form Type: 424B3
Source: 0001213900-25-012904
Chunk: 169

Company: Rain Enhancement Technologies Holdco, Inc.
Filing Date: 2025-02-12
Form: 424B3
Chunk 169
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orrowed. Additionally, Mr. You agreed to roll
over an aggregate of approximately $3.1 million of loans and advances owed to him or to his affiliates by Coliseum and RET into the Loan
Agreement and such amounts will be treated for all purposes as loans outstanding pursuant to the Loan Agreement (which, for the avoidance
of doubt, does not decrease the Commitment). Accordingly, the maximum amount which may be borrowed under the Loan Agreement is approximately
$10.1 million, inclusive of the Commitment and rollover amounts.

The Loan Agreement has a
two-year period, matures two years from the date of the Loan Agreement, and outstanding amounts pursuant to the Loan Agreement will accrue
interest at an interest rate of 5%, payable quarterly. Harry You was Coliseum’s chairman of the board and sponsor and a shareholder
and lender to RET prior to Closing, and is Holdco’s chairman of the Board and a shareholder and lender to Holdco after the Closing.

As of the date of this prospectus, Holdco has borrowed $300,000 under
the Loan Agreement.

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Policies and Procedures for Related Persons Transactions

The Board has adopted a written related person transaction policy that sets forth the following policies and procedures for the review and approval or ratification of related person transactions. A “related person transaction” is a transaction, arrangement or relationship in which Holdco or any of its subsidiaries was, is or will be a participant, the amount of which involved exceeds $120,000 (or, for so long as Holdco remains a “smaller reporting company” the lesser of (i) $120,000 and (ii) 1% of Holdco’s average total assets of the two completed fiscal years), and in which any related person had, has or will have a direct or indirect material interest. A “related person” means:

| ● | any                                                                                                              
 person who is, or at any time during the applicable period was, one of Holdco’s executive officers or directors; |

| ● | any                                                                                       
 person who is known by Holdco to be the beneficial owner of more than 5% of Holdco voting 
 stock;                                                                                    |

| ● | any                                                                                             
 immediate family member of any of the foregoing persons, which means any child, stepchild,      
 parent, stepparent, spouse, sibling, mother-in-law, father-in-law, son-in-law, daughter-in-law, 
 brother-in-law or sister-in-law of