Company: RAIN
Filing Date: 2025-04-16
Form Type: 10-K
Source: 0001213900-25-032239
Chunk: 835

Company: Rain Enhancement Technologies Holdco, Inc.
Filing Date: 2025-04-16
Form: 10-K
Item: Item 5
Chunk 835
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 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. Certain information contained in the discussion
and analysis set forth below includes forward-looking statements. Our actual results may differ materially from those anticipated in
these forward-looking statements as a result of many factors, including those set forth under “Cautionary Note Regarding Forward-Looking
Statements,” “Item 1A. Risk Factors” and elsewhere in this Annual Report on Form 10-K.

Unless otherwise indicated or the context
otherwise requires, references in this Holdco Management’s Discussion and Analysis of Financial Condition and Results of Operations
to the company, “we,” “us” “our,” “Holdco” and other similar terms refer to Rain Enhancement
Technologies Holdco, Inc. on a consolidated basis.

MANAGEMENT’S DISCU