Company: RAIN
Filing Date: 2025-01-31
Form Type: S-1
Source: 0001213900-25-008536
Chunk: 5

Company: Rain Enhancement Technologies Holdco, Inc.
Filing Date: 2025-01-31
Form: S-1
Chunk 5
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 as the “Company Merger Effective Time,” and the time after which both Mergers became effective being referred to as the “Closing”). Following the Closing, the Company holds all of the equity interests of RET and Merger Sub 1.

At the SPAC Merger Effective
Time, by virtue of the SPAC Merger, (i) each issued and outstanding Class A ordinary share, par value $0.001 per share, of Coliseum (the
“Coliseum Class A Ordinary Shares”) (including the Coliseum Class A Ordinary Share issued upon conversion of the sole outstanding
Class B ordinary share, par value $0.001 per share, of Coliseum but not including any public shares redeemed by public shareholders) was
automatically converted into the right to receive one share of Class A Common Stock, and (ii) each issued and outstanding public warrant
of Coliseum, initially issued as part of the units sold in Coliseum’s initial public offering (the “Coliseum Public Warrants”)
was assumed by the Company and became a Warrant exercisable for shares of the Company’s Class A Common Stock in lieu of the Coliseum
Class A Ordinary Shares.

At the Company Merger Effective Time, by virtue of the Company Merger,
(i) each issued and outstanding share of Class A common stock of RET, par value $0.0001 per share (after the conversion of RET preferred stock pursuant to its terms, but not including any shares held in the treasury of RET) was converted into approximately 1,434 shares of Class A Common Stock pursuant to the terms of the Business Combination Agreement, (ii) each issued and outstanding share of Class B common stock of RET, par value $0.0001 per share (other than any shares held in the treasury of RET) was converted into approximately 1,434 shares of Class B Common Stock pursuant to the terms of the Business Combination Agreement, and (iii) pursuant to the terms of the Business Combination Agreement, each option exercisable for shares of RET’s Class A common stock became an Option exercisable for shares of Class A Common Stock on the same terms and conditions as were in effect with respect to such RET option immediately prior to the effective time of the Company Merger (including with respect to vesting and termination-related provisions), except that (A) such Option relates to such number of shares of Class A Common Stock (rounded down to the nearest whole share of Class A Common Stock) as is equal to (x) the number of shares of