Company: RAIN
Filing Date: 2025-04-16
Form Type: 10-K
Source: 0001213900-25-032239
Chunk: 531

Company: Rain Enhancement Technologies Holdco, Inc.
Filing Date: 2025-04-16
Form: 10-K
Item: Item 2
Chunk 531
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 Agreement.

On December 31, 2024, in connection with the Closing,
Holdco issued 61,474 shares of Class A Common Stock to the PIPE Investors pursuant to the PIPE Subscription Agreements, for aggregate
proceeds of approximately $700,000 and also recorded a subscription receivable of $650,000 from two PIPE Investors for the purchase of
57,083 shares of Class A Common Stock. On January 29, 2025, the Company closed $500,000 of such subscription receivable pursuant
to the PIPE Subscription Agreements and issued an aggregate of 43,910 shares of Class A Common Stock to the PIPE Investors. On February
6, 2025, the Company closed on the remaining $150,000 of subscription receivable pursuant to the PIPE Subscription Agreements and issued
an aggregate of 13,173 shares of Class A Common Stock to the PIPE Investors.

In connection with the Business Combination,
pursuant to the terms of the Warrant Exchange Agreement, on December 31, 2024, Holdco issued an aggregate of 806,250 shares of Class
A Common Stock to the former holders of Coliseum Private Placement Warrants.

In connection with the Business Combination,
on December 31, 2024, Holdco issued an aggregate of 5,000 shares of Class A Common Stock to a vendor as consideration for services rendered.

The shares of Class A Common Stock issued to
the PIPE Investors pursuant to the PIPE Subscription Agreements, the shares of Class A Common Stock and Class B Common Stock issued to
the RWT shareholders pursuant to the Business Combination Agreement, the shares of Class A Common Stock issued pursuant to the Warrant
Exchange, and the shares of Class A Common Stock issued to the vendor, have not been registered under the Securities Act and
have been issued in reliance upon the exemption provided in Section 4(a)(2) of the Securities Act and/or Rule 506 of Regulation
D promulgated under the Securities Act, as a transaction by an issuer not involving a public offering.

Item 6. [Reserved]

42

Item 7. Management’s discussion and
analysis of financial condition and results of operations.

The following discussion and analysis of the
Company’s financial condition and results of operations should be read in conjunction with our audited consolidated financial statements
and the notes related thereto which follow Item 16 of this Annual Report on Form 10-K.