Company: RAIN
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001213900-25-076727
Chunk: 29

Company: Rain Enhancement Technologies Holdco, Inc.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 1
Chunk 29
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 our core platform with software, meteorology, hardware, product design and operations
to make rainfall generation more dependable. We aim to improve the existing rainfall generation technologies by introducing robust measurement
tools, including automation technology, rain gauges, and weather stations, to more precisely quantify the positive water benefit it expects
to deliver to millions globally.

We intend to develop, invent, improve, manufacture,
commercialize and operate technologies that enhance rainfall and elevate water reserves. We believe that our future services will yield
potable water that can be used for all purposes. The projected cost (not including land costs, which are still being determined) and energy
requirements for our future technology are modest on a per gallon basis for communities and ecosystems, estimated to be $0.10 per cubic
meter, less than other alternative technologies. We aim to enhance agricultural, industrial and household water supplies for all the communities
in which we operate by developing technology and services to serve governmental and commercial clients’ needs in creating water
resiliency and abundancy.

Our business model is based on a unique one-to-many
community-centric business model. The numerous client segments to which we market includes large landowners including agriculture, resorts,
energy and transportation companies, insurance and reinsurance companies, decarbonization initiatives of major corporations and philanthropists,
supranational governmental organizations, and city, county, state, federal and non-U.S. governments. In addition, we aim to leverage our
offerings and enhance our potential market position by exploring ways to expand our future water generation products through licensing
and acting as a channel partner for additional water generation technologies.

Since the beginning of 2025 we have created new
marketing and sales programs, identified and contacted potential customers in core market segments, expanded our contacts with rain enhancement
experts who could endorse our technology and introduce us into existing projects looking to address lack of rainfall, and organized our
production of systems to serve expected demand.

17

We have a limited operating history and have not
yet generated any revenue, and our ability to generate revenue sufficient to achieve profitability will depend on our ability to successfully
build and commercialize rainfall generation technology and successfully execute our sales strategy.

Business Combination Updates

On the Closing Date, Coliseum, RWT, Holdco, Merger
Sub 1, and Merger Sub 2 consummated the Business Combination pursuant to the terms of the Business Combination Agreement. Following the
Closing, Holdco holds all of the equity interests of RWT and Merger Sub