Company: RAIN
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001213900-25-076727
Chunk: 24

Company: Rain Enhancement Technologies Holdco, Inc.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 1
Chunk 24
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    Level 3  
    Total 
  
    Financial liabilities: 

    Warrant liability – Public Warrants 
    $-  
    $512,500  
    $-  
    $512,500 
  
    Shortfall payment liability 
     -  
     -  
     20,636  
     20,636 
  
    Total financial liabilities 
    $-  
    $512,500  
    $20,636  
    $533,136 

December 31, 2024

    Fair Value Hierarchy  

    Level 1  
    Level 2  
    Level 3  
    Total 
  
    Financial liabilities: 

    Warrant liability – Public Warrants 
    $-  
    $350,000  
    $-  
    $350,000 
  
    Shortfall payment liability 
     -  
     -  
     20,636  
     20,636 
  
    Total financial liabilities 
    $-  
    $350,000  
    $20,636  
    $370,636 

The Warrants are listed on the Nasdaq Stock Market
LLC under the ticker “RAINW”. As of June 30, 2025 and December 31, 2024, the fair value measurements for the Warrants were
classified as Level 2 due to low trading volume.

During the three and six months ended June 30,
2025, there were no transfers between levels of the fair value hierarchy.

Note 8 — Stockholders’
Deficit

The Company is authorized to issue 30,000,000 shares
of Holdco Class A Common Stock, par value $0.0001, 1,000,000 shares of Holdco Class B Common Stock, par value $0.0001, and 1,000,000 shares
of preferred stock, par value $0.0001.

Holdco Class A Common Stock entitles the holders
thereof to one vote per share on all matters on which the shares of Holdco Class A Common Stock is entitled to vote, and Holdco
Class B Common Stock entitles the holders thereof to fifteen votes per share on all matters on which the shares of Holdco Class
B Common Stock are entitled to vote. Additionally, for so long as