Company: RAIN
Filing Date: 2025-02-12
Form Type: 424B3
Source: 0001213900-25-012904
Chunk: 85

Company: Rain Enhancement Technologies Holdco, Inc.
Filing Date: 2025-02-12
Form: 424B3
Chunk 85
---
 | On                                                                                                                                      
 the Closing date, (i) each outstanding share of RET Preferred Stock and RET Class A Common Stock issued and outstanding immediately     
 prior to Closing was converted into the right to receive a number of shares of Class A Common Stock equal to the Exchange Ratio and     
 (ii) each share of RET Class B Common Stock issued and outstanding immediately prior to Closing was converted into the right to receive 
 a number of shares of Class B Common Stock equal to the Exchange Ratio. The Exchange Ratio was approximately 1,434 shares of Common     
 Stock for every outstanding share of RET Common Stock. Following the Closing, an aggregate of 1,232 shares of RET Preferred Stock       
 and 250 shares of RET Class A Common Stock were converted into 2,125,539 shares of Class A Common Stock, and an aggregate of 40 shares  
 of RET Class B Common Stock were converted into 57,752 shares of Class B Common Stock.                                                  |

| f) | At Closing,                                                                                                                        
 each of the RET 1,500 Options outstanding was converted into 2,150,838 Options on the same terms and conditions as were in effect  
 with respect to RET Options immediately prior to Closing, except that the exercise price per share of such Option is equal to the  
 quotient of (x) the exercise price per share of such RET Option in effect immediately prior to Closing divided by (y) the Exchange 
 Ratio (the exercise price per share, as so determined, being rounded up to the nearest full cent), which is equal to an exercise   
 price of $2.06 per share.                                                                                                          |

The Holdco A&R Articles authorize two classes of Common Stock:
Class A Common Stock and Class B Common Stock. Class A Common Stock entitles the holders thereof to one vote per share on all matters
on which the shares of Class A Common Stock is entitled to vote, and Class B Common Stock entitles the holders thereof to fifteen votes
per share on all matters on which the shares of Class B Common Stock are entitled to vote. Additionally, for so long as the RET Founders
(Paul T. Dacier, Harry L. You, and Niccolo de Masi, or their affiliates) hold at least 20% of the number of shares of Class B Common Stock
collectively held by them as of the Closing, the RET Founders have rights that are different from unaffiliated shareholders, including
the right to fill vacancies on the Board, to call special meetings of shareholders, and the Holdco