Company: RAIN
Filing Date: 2025-08-14
Form Type: 424B3
Source: 0001213900-25-076764
Chunk: 27

Company: Rain Enhancement Technologies Holdco, Inc.
Filing Date: 2025-08-14
Form: 424B3
Chunk 27
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MENT TECHNOLOGIES HOLDCO, INC.

NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

JUNE 30, 2025</div>

Holdco Preferred Stock

As of June 30, 2025 and December 31, 2024, there
was no preferred shares outstanding, as retroactively restated to reflect the Business Combination.

Holdco Class A Common Stock

As of June 30, 2025 and December 31, 2024, the
Company had an aggregate of 7,528,761 shares of Class A Common Stock issued and outstanding as a result of the conversion and
issuance of shares in connection with the closing of the Business Combination as discussed in the Company’s Annual Report on Form
10-K filed with the SEC on April 16, 2025.

Holdco Class B Common Stock

As of June 30, 2025 and December 31, 2024, the
Company had an aggregate of 57,752 shares of Class B Common Stock issued and outstanding as a result of the conversion of shares
in connection with the closing of the Business Combination as discussed in the Company’s Annual Report on Form 10-K filed with the
SEC on April 16, 2025.

Stock Options

On August 23, 2024, the Company granted 1,433,892 and 716,946 options,
as retroactively restated to reflect the Business Combination, to purchase RWT’s Class A common stock to Harry You and Niccolo
de Masi, respectively. The options expire ten years from the date of grant, had an exercise price of $2.06 and were fully
vested upon the grant date. As of June 30, 2025 and December 31, 2024, the Company had an aggregate of 2,150,838 options issued and outstanding.

Note 9 — Segment Information

ASC Topic 280, “Segment Reporting,”
establishes standards for companies to report in their financial statement information about operating segments, products, services, geographic
areas, and major customers. Operating segments are defined as components of an enterprise for which separate financial information is
available that is regularly evaluated by the Company’s chief operating decision maker, or group, in deciding how to allocate resources
and assess performance.

The Company operates and manages the business
as one reportable and operating segment, which is the business of developing, manufacturing and commercializing ionization