Company: RAIN
Filing Date: 2025-05-16
Form Type: 424B3
Source: 0001213900-25-044498
Chunk: 12

Company: Rain Enhancement Technologies Holdco, Inc.
Filing Date: 2025-05-16
Form: 424B3
Chunk 12
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 the exchange rate on the date of the transaction. After initial recognition, monetary assets and liabilities denominated in foreign
currency are remeasured at each reporting date into the foreign currency at the exchange rate on that date. Exchange rate differences,
other than those accounted for as hedging transactions, are recognized as foreign currency transaction gain or loss included in the Company’s
statements of operations within the general and administrative expenses.

During the three months ended March 31, 2025
and 2024, the only foreign currency transaction the Company incurred was the amount paid to its senior technology advisor in Australian
Dollars. The amount of these foreign currency payments was translated into U.S. dollars.

Equipment and Construction In-Process Equipment

The Company capitalizes its cost to build its
rainfall ionization equipment (the “Equipment”), including materials and allocated labor costs. Upon the completion of building
the Equipment, the Company transferred its capitalized cost from Construction in-process to Equipment. In July 2024, the Company completed
its building process for its two initial units and transferred those into Equipment. As soon as the Equipment is placed in service upon
agreement with the customers, the Company will begin to depreciate those assets on a straight-line basis over the estimated useful lives
of the assets, generally 10 to 15 years. At the time of retirement or other disposition of the Equipment, the cost
and accumulated depreciation will be removed from the accounts and the resulting gain or loss, if any, will be reflected in operations.
As of March 31, 2025, no Equipment has been placed in service.

Equipment as of March 31, 2025 and December 31,
2024 was comprised of the following:

|                                                       |     |   | March 31, 
      2025 |     |   | December 31, 
         2024 |
|:------------------------------------------------------|:----|:--|----------:|:----|:--|-------------:|
| Equipment:                                            |     |   |           |     |   |              |
| Rainfall ionization equipment and systems, in-process |     | $ |   139,387 |     | $ |            - |
| Rainfall ionization equipment and systems, completed  |     |   |   414,034 |     |   |      414,034 |
| Total                                                 |     | $ |   553,421 |     | $ |      414,034 |

Intangible Assets

Recogn