Company: RAIN
Filing Date: 2025-02-12
Form Type: 424B3
Source: 0001213900-25-012904
Chunk: 82

Company: Rain Enhancement Technologies Holdco, Inc.
Filing Date: 2025-02-12
Form: 424B3
Chunk 82
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 of their shares of Class A Common Stock, and we will bear all other costs, fees, and expenses incurred in effecting the registration of such securities covered by this prospectus, including, without limitation, all registration and filing fees, Nasdaq listing fees, and fees and expenses of our counsel and our independent registered public accountants.

We will receive the proceeds from any exercise of the Warrants for
cash, but not from the net share exercise of any Warrants or from the resale of any shares of Class A Common Stock by the selling shareholders
pursuant to this prospectus. Each Warrant entitles the holder thereof to purchase one share of Class A Common Stock at an initial exercise
price of $11.50 per share. If each outstanding Warrant is exercised for cash, we will receive aggregate cash proceeds of $57.5 million.
The Warrants are exercisable on a cashless basis under certain circumstances specified in the Warrant Agreement. To the extent that any
Warrants are exercised on a cashless basis, the aggregate amount of cash we would receive from the exercise of the Warrants will decrease.
We believe the likelihood that the holders will exercise their Warrants is dependent upon the trading price of our Class A Common Stock.
If the trading price of our Class A Common Stock is less than the exercise price of the Warrants, we believe the holders are unlikely
to exercise their Warrants. Conversely, the holders are more likely to exercise their Warrants the higher the prices of our Class A Common
Stock is above the exercise price of the Warrant. On February 10, 2025, the closing price of our Class A Common Stock was $3.23. Accordingly,
we believe the holders are unlikely to exercise their Warrants.

We intend to use the proceeds
from the cash exercise of Warrants for general corporate and working capital purposes.

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DETERMINATION OF OFFERING PRICE</div>

Our Class A Common Stock and Warrants are listed on Nasdaq under the symbols “RAIN” and “RAINW,” respectively. The actual offering price of the shares of Class A Common Stock offered by selling shareholders pursuant to this prospectus will be determined by prevailing market prices at the time of sale, by negotiated private transactions, or as otherwise described in the section entitled “ Plan of Distribution.” The exercise price of the Warrants is $11.50 per share and the exercise price of the Options is $2.06 per share.

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