Company: RAIN
Filing Date: 2025-04-16
Form Type: 10-K
Source: 0001213900-25-032239
Chunk: 46

Company: Rain Enhancement Technologies Holdco, Inc.
Filing Date: 2025-04-16
Form: 10-K
Item: Item 1
Chunk 46
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 whistleblower complaints, adverse media coverage, investigations, and severe
administrative, civil and criminal sanctions, collateral consequences, remedial measures and legal expenses, all of which could materially
adversely affect its reputation, business, financial condition, and results of operations.

27

Risks Relating to Ownership of Holdco Securities

Unless the context otherwise requires, references in this subsection
“— Risks Relating to Ownership of Holdco Securities” to “we”, “us”, and “our” generally
refer to Holdco.

There can be no assurance that Holdco will be able to comply
with the continued listing rules of Nasdaq.

Holdco’s Class A Common Stock and Warrants are currently listed
on Nasdaq. To maintain the listing of our Class A Common Stock and Warrants on Nasdaq, we must satisfy minimum financial and other continued
listing requirements and standards, including those related to the closing price of our Common Stock and Warrants. On February 18, 2025,
Holdco received written notice (the “MVLS Notice”) from the Listing Qualifications Staff (“Staff”) of the Nasdaq
which notified us that, for the 30 consecutive business days ended February 14, 2025, our market value of listed securities (“MVLS”)
closed below the $50,000,000 MVLS threshold required for continued listing on the Nasdaq Global Market under Nasdaq Listing Rule 5450(b)(2)(A)
(the “MVLS Rule”).

In accordance with Nasdaq Listing Rule 5810(c)(3)(C), we have been
provided an initial period of 180 calendar days, or until August 18, 2025 (the “MVLS Compliance Period”), by which we have
to regain compliance with the MVLS Rule. To regain compliance, Holdco’s MVLS must close at or above $50,000,000 for a minimum of
ten consecutive business days during the MVLS Compliance Period. The MVLS Notice further notes that if Holdco is unable to satisfy the
MVLS requirement prior to such date, we may be eligible to transfer the listing of its securities to The Nasdaq Capital Market (provided
that we then satisfies the requirements for continued listing on that market).

If Holdco does not regain compliance by the end of the MVLS Compliance
Period, Nasdaq staff will provide written notice to us that our securities are subject to delisting. At that time, Holdco may appeal any
such delisting determination to a hearings