Company: RAIN
Filing Date: 2025-05-16
Form Type: 424B3
Source: 0001213900-25-044498
Chunk: 28

Company: Rain Enhancement Technologies Holdco, Inc.
Filing Date: 2025-05-16
Form: 424B3
Chunk 28
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 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.

In addition, at Closing, the Company issued 5,000 shares
of Holdco Class A Common Stock to a third-party consulting firm.

As of March 31, 2025 and December 31, 2024, the
Company had an aggregate of 7,528,761 shares of Class A Common Stock issued and outstanding.

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RAIN ENHANCEMENT TECHNOLOGIES HOLDCO, INC.

NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

MARCH 31, 2025</div>

Holdco Class B Common Stock

As of March 31, 2025 and December 31, 2024, the
Company had an aggregate of 57,752 shares of Class B Common Stock issued and outstanding.

Stock Options

On August 23, 2024, the Company granted 1,433,892 and 716,946 options,
as retroactively restated to reflect the Business Combination, to purchase RWT’s Class A common stock to Harry You and Niccolo
de Masi, respectively. The options expire ten years from the date of grant, had an exercise price of $2.06 and were fully
vested upon the grant date.

The Company fully recognized approximately $2.8 million
for stock-based compensation expenses upon issuance of such options in August 2024.

Note 9 — Segment Information

ASC Topic 280, “Segment Reporting,”
establishes standards for companies to report in their financial statement information about operating segments, products, services,
geographic areas, and major customers. Operating segments are defined as components of an enterprise for which separate financial information
is available that is regularly evaluated by the Company’s chief operating decision maker, or group, in deciding how to allocate
resources and assess performance.

The Company operates and manages the business
as one reportable and operating segment, which is the business of developing, manufacturing and commercializing ionization
rainfall generation technology