Company: RAIN
Filing Date: 2025-04-25
Form Type: 424B3
Source: 0001213900-25-035587
Chunk: 212

Company: Rain Enhancement Technologies Holdco, Inc.
Filing Date: 2025-04-25
Form: 424B3
Chunk 212
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 RWT Class A Common Stock issued and outstanding immediately    
 prior to Closing was converted into the right to receive a number of shares of Holdco Class A   
 Common Stock equal to the Exchange Ratio and (ii) each share of RWT Class B Common              
 Stock issued and outstanding immediately prior to Closing was converted into the right to       
 receive a number of shares of Holdco Class B Common Stock equal to the Exchange Ratio.          
 The Exchange Ratio was approximately 1,434 shares of Holdco Common Stock for every outstanding  
 share of RWT Common Stock. Following the Closing, an aggregate of 1,232 shares of RWT Preferred 
 Stock and 250 shares of RWT Class A Common Stock were converted into 2,125,539 shares of        
 Holdco Class A Common Stock, and an aggregate of 40 shares of RWT Class B Common Stock were     
 converted into 57,752 shares of Holdco Class B Common Stock.                                    |

| f) | At Closing, each of the RWT 1,500 Options                                                        
 outstanding was converted into 2,150,838 Holdco Option on the same terms and conditions as       
 were in effect with respect to RWT Option immediately prior to Closing, except that the exercise 
 price per share of such Holdco Option is equal to the quotient of (x) the exercise price         
 per share of such RWT Option in effect immediately prior to Closing divided by (y) the Exchange  
 Ratio (the exercise price per share, as so determined, being rounded up to the nearest full      
 cent), which is equal to an exercise price of $2.06 per share.                                   |

<div align='center'>F-13</div>

PIPE Subscriptions

In connection with the Business Combination,
Holdco entered into subscription agreements (collectively, the “PIPE Subscription Agreements”) with certain investors and
related parties to sell an aggregate of $1.35 million of shares of Holdco Class A Common Stock at $11.39 per share, of which Holdco received
$700,000 of the PIPE Investment and recorded subscription receivable of $650,000 on the consolidated balance sheet as of December 31,
2024. Such receivable was fully paid on February 6, 2025.

Forward Purchase Agreement with Meteora

On December 30, 2024, Holdco entered into a forward
purchase agreement (the “Forward Purchase Agreement”) with Meteora Capital Partners, LP and affiliated funds (“Meteora”)
for an OTC