Company: RAIN
Filing Date: 2025-02-12
Form Type: 424B3
Source: 0001213900-25-012904
Chunk: 35

Company: Rain Enhancement Technologies Holdco, Inc.
Filing Date: 2025-02-12
Form: 424B3
Chunk 35
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, RET may seek additional capital due to favorable
market conditions or strategic considerations even if it believes that it has sufficient funds for current or future operating plans.
There can be no assurance that financing will be available to RET on favorable terms, or at all. The inability to obtain financing when
needed may make it more difficult for RET to operate its business or implement its growth plans.

Risks Relating to RET’s Business and Industry

There are many risks and uncertainties that may affect RET’s operations, performance, development and results. Many of these risks are beyond RET’s control. The following is a description of the important risk factors that may affect RET’s business and industry. If any of these risks were to actually occur, RET’s business, financial condition or results of operations could be materially adversely affected. Additional risks and uncertainties not currently known to RET or that RET currently considers to be immaterial may also materially adversely affect its business, financial condition or results of operations.

RET has identified a material weakness in its internal control over financial reporting as of and for the year ended December 31, 2023 and as of December 31, 2022 and for the period from November 10, 2022 (inception) through December 31, 2022. As a private company prior to the Business Combination, RET did not endeavor to establish and maintain public company quality internal control over financial reporting. If Holdco fails to establish and maintain proper and effective internal control over financial reporting, as a public company, Holdco’s ability to produce accurate and timely financial statements could be impaired, investors may lose confidence in Holdco’s financial reporting and the trading price of the Class A Common Stock may decline.

Prior to the Business Combination,
RET was not subject to the reporting requirements of the SEC or the requirement to assess the effectiveness of internal control over financial
reporting required for a public company in the United States. In connection with the SEC’s review of the proxy statement/prospectus
filed by Holdco and RET in connection with the Business Combination, RET’s management identified a material misstatement in its
financial statements as of and for the year ended December 31, 2023 and as of December 31, 2022 and for the period from November 10,
2022 (inception) through December 31, 2022. Upon reviewing the disclosure requirements for income taxes under Financial Accounting
Standards Board (“FASB”) Accounting Standards Codification (“ASC”) 740, “Income Taxes”, RET’s