Company: RAIN
Filing Date: 2025-04-25
Form Type: 424B3
Source: 0001213900-25-035587
Chunk: 105

Company: Rain Enhancement Technologies Holdco, Inc.
Filing Date: 2025-04-25
Form: 424B3
Chunk 105
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 Business Combination was consummated via a multiple-merger structure (also known
as “double dummy”), consisting of the SPAC Merger and the Company Merger. Under this structure, upon the consummation of the
Business Combination, Holdco became the public company listed on Nasdaq and each of RWT (as the surviving entity of the Company Merger)
and Merger Sub 1 (as the surviving company of the SPAC Merger) are wholly-owned subsidiaries of Holdco. Accordingly, the business of developing,
improving, and commercializing ionization rainfall generation technology will continue to be conducted by RWT as a subsidiary of Holdco.

Under the Holdco A&R
Articles, Holdco may engage in any and all lawful business for which a business corporation may engage in under the MBCA. In the future,
Holdco may acquire additional businesses or assets which may or may not be complementary to the RWT business. If Holdco acquires a business
or assets that are not complementary to the RWT business, such business or assets may not be able to leverage our existing infrastructure
or operational experience, which may increase the costs and risk associated with such acquisitions, and we may determine in connection
with such acquisition or afterward to separate the ownership of such business or assets from that of RWT through a spin-off, split off
or otherwise of RWT or of such business or assets. See the section entitled “Risk Factors - Holdco may invest in or acquire other businesses in the future, which may or may not be complementary to the RWT business. Investing in or acquiring other businesses will require the devotion of a significant amount of time and resources, may not be successful, and could negatively impact Holdco’s results of operations, financial condition and liquidity.”

Legal Proceedings

From time to time, Holdco
and RWT are expected to be involved in certain claims and legal proceedings arising in the normal course of business. While the resolution
of these matters cannot be predicted with certainty, Holdco and RWT do not believe, based on current knowledge, that the outcome of any
currently pending legal proceedings in which Holdco or RWT is currently involved will have a material adverse effect on Holdco’s
consolidated financial position, results of operations or cash flow.

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MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS</div>

The following discussion and analysis of the Company’s financial condition and results of operations