Company: RAIN
Filing Date: 2025-02-12
Form Type: 424B3
Source: 0001213900-25-012904
Chunk: 2

Company: Rain Enhancement Technologies Holdco, Inc.
Filing Date: 2025-02-12
Form: 424B3
Chunk 2
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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.

On December 31, 2024, we completed the Business Combination. As contemplated by the Business Combination Agreement, the Business Combination was completed as follows:(i) Coliseum merged with and into Merger Sub 1, with Merger Sub 1 as the surviving company of such merger (the “SPAC Merger”) and (ii) following the SPAC Merger and as a part of the same overall transaction, Merger Sub 2 merged with and into RET, with RET as the surviving entity of such merger (the “Company Merger” and, together with the SPAC Merger, the “Mergers”), and, after giving effect to such Mergers, each of Merger Sub 1 and RET became a wholly owned subsidiary of the Company (the time that the SPAC Merger became effective being referred to as the “SPAC Merger Effective Time,” the time that the Company Merger became effective being referred to as the “Company Merger Effective Time,” and the time after which both Mergers became effective being referred to as the “Closing”). Following the Closing, the Company holds all of the equity interests of RET and Merger Sub 1.

At the SPAC Merger Effective
Time, by virtue of the SPAC Merger, (i) each issued and outstanding Class A ordinary share, par value $0.001 per share, of Coliseum (the
“Coliseum Class A Ordinary Shares”) (including