Company: RAIN
Filing Date: 2025-04-25
Form Type: 424B3
Source: 0001213900-25-035587
Chunk: 166

Company: Rain Enhancement Technologies Holdco, Inc.
Filing Date: 2025-04-25
Form: 424B3
Chunk 166
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 a “cashless basis” in accordance
with Section 3(a)(9) of the Securities Act and, in the event we so elect, we will not be required to file or maintain in effect a registration
statement, but will use our commercially reasonable efforts to register or qualify the shares under applicable blue sky laws to the extent
an exemption is not available. In such event, each holder would pay the exercise price by surrendering the Warrants for that number of
shares of Class A Common Stock equal to the lesser of (A) the quotient obtained by dividing (x) the product of the number of Class A Common
Stock underlying the Warrants, multiplied by the excess of the “fair market value” (defined below) less the exercise price
of the warrants by (y) the fair market value and (B) 0.361. The “fair market value” as used in the preceding sentence shall
mean the volume weighted average price of the shares of Class A Common Stock for the 10 trading days ending on the trading day prior to
the date on which the notice of exercise is received by the warrant agent.

Redemption of Warrants when the price per share of Class A Common Stock equals or exceeds $18.00

Once the Warrants become exercisable, we may redeem the warrants:

| ● | in whole and not in part; |

| ● | at a price of $0.01 per Warrant; |

| ● | upon not less than 30 days’ prior written notice of 
 redemption to each warrant holder; and              |

| ● | if, and only if, the last reported sale price of shares of                                                                                   
 the Class A Common Stock for any 20 trading days within a 30-trading day period ending on the third trading day prior to the date on         
 which we send the notice of redemption to the warrant holders (which we refer to as the “Reference Value”) equals or exceeds                 
 $18.00 per share (as adjusted for adjustments to the number of shares issuable upon exercise or the exercise price of a warrant as described 
 under the heading “— Redeemable Warrants — Anti-dilution Adjustments”).                                                                      |

We will not redeem the Warrants as described above unless a registration
statement under the Securities Act covering the issuance of shares of the Class A Common Stock issuable upon exercise of the Warrants
is then effective and a current prospectus relating to those shares of Class A Common Stock is available throughout the 30