Company: RAIN
Filing Date: 2025-04-16
Form Type: 10-K
Source: 0001213900-25-032239
Chunk: 33

Company: Rain Enhancement Technologies Holdco, Inc.
Filing Date: 2025-04-16
Form: 10-K
Item: Item 1
Chunk 33
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 success of
the technology is linked to specific weather conditions. It is possible that RWT’s clients may not want and/or fail to meet some
or all of their payment obligations when the rain enhancement did not solely or directly benefit them or the specific area it was intended
to. This failure to collect payment owed may adversely harm RWT’s business, financial condition and operating results.

RWT’s future success depends in part on recruiting and
retaining key personnel and failure to do so may make it more difficult for us to execute the business strategy.

RWT is dependent upon the continued services of
key personnel, including members of its executive management team. The loss of any one of these individuals could disrupt our operations
or its strategic plans. Additionally, RWT’s future success will depend on, among other things, its ability to hire and retain the
necessary qualified sales, marketing and managerial personnel, for whom it competes with numerous other companies, academic institutions
and organizations. If RWT loses key employees, if it is unable to retain other qualified personnel, or if its management team is not able
to effectively manage it through these events, RWT’s business, financial condition, and results of operations may be adversely affected.

20

RWT’s operations, projects and prospects will be located
in remote areas, and its production, processing and product delivery will rely on the infrastructure and skilled labor being adequate
and remaining available.

RWT’s success depends to a significant extent on its ability
to attract, hire, and train qualified employees, including its ability to attract employees with the necessary skills in the regions in
which it will operate. While very technical skills should not be required for basic construction and ongoing maintenance of RWT’s
platform, in order to successfully operate its technology, it will need to hire qualified project managers, engineers, and statisticians
who, respectively, can properly and self-sufficiently maintain and manage its technology suite, evaluate weather data, and have the required
expertise to improve system design and functionality. RWT could experience increases in its recruiting and training costs and decreases
in its operating efficiency, productivity and profit margins if it is unable to attract, hire and train a sufficient number of skilled
employees to support its operations.

RWT’s business is dependent on the international market
prices of energy and fiberglass, among other materials, which are both cyclical and volatile.

RWT expects that its business and financial performance will be affected
by the market prices of energy needed to power the platform.