Company: RAIN
Filing Date: 2025-04-16
Form Type: 10-K
Source: 0001213900-25-032239
Chunk: 47

Company: Rain Enhancement Technologies Holdco, Inc.
Filing Date: 2025-04-16
Form: 10-K
Item: Item 1
Chunk 47
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 panel.

Also on February 18, 2025, Holdco received written notice (the “MVPHS
Notice”) from the Staff that for the 30 consecutive business days ended February 14, 2025, our market value of publicly held shares
(“MVPHS”) closed below the $15,000,000 MVPHS threshold required for continued listing on Nasdaq under Nasdaq Listing Rule
5450(b)(2)C) (the “MVPHS Rule”).

In accordance with Nasdaq Listing Rule 5810(c)(3)(D), we have been
provided an initial period of 180 calendar days, or until August 18, 2025 (the “MVLS Compliance Period”), by which we have
to regain compliance with the MVPHS Rule. To regain compliance, the Company’s MVPHS must close at or above $15,000,000 for a minimum
of ten consecutive business days during the MVPHS Compliance Period. The MVPHS Notice further notes that if Holdco is unable to satisfy
the MVPHS requirement prior to such date, we may be eligible to transfer the listing of its securities to The Nasdaq Capital Market (provided
that Holdco then satisfies the requirements for continued listing on that market).

If Holdco does not regain compliance by the end of the MVPHS Compliance
Period, Nasdaq staff will provide written notice to us that our securities are subject to delisting. At that time, Holdco may appeal any
such delisting determination to a hearings panel.

There can be no assurance that Holdco will regain and maintain compliance
with the MVLS Rule and MVPHS Rule and the other listing requirements of the Nasdaq, or that it will not be delisted. If we are not able
stay in compliance with the relevant MVLS Rule and MVPHS Rule, there is a risk that our Common Stock and Warrants may be delisted from
Nasdaq.

28

If Nasdaq delists the Class A Common Stock or Warrants from trading
on its exchange for failure to meet its listing rules, Holdco and its shareholders could face significant material adverse consequences
including:

    ●
    a limited availability of market quotations for our securities;

    ●
    reduced liquidity for our securities;

    ●
    a determination that shares of Class A Common Stock is a “penny stock” which will require brokers trading in shares of Class A Common Stock to adhere to more stringent rules and possibly result