Company: RAIN
Filing Date: 2025-02-12
Form Type: 424B3
Source: 0001213900-25-012904
Chunk: 161

Company: Rain Enhancement Technologies Holdco, Inc.
Filing Date: 2025-02-12
Form: 424B3
Chunk 161
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 days of the Closing
and at least three members within one year of the Closing who qualify as independent directors under the Nasdaq corporate governance
standards and the independence requirements of Rule 10A-3 under the Exchange Act, is financially literate, and that at least one
member of the audit committee qualifies as an “audit committee financial expert” as defined in applicable SEC rules and has
accounting or related financial management expertise.

The purpose of the audit committee is to prepare the audit committee report required by the SEC to be included in Holdco’s annual meeting proxy statement and to assist the Board in overseeing and monitoring (1) the quality and integrity of the financial statements, (2) compliance with legal and regulatory requirements, (3) Holdco’s independent registered public accounting firm’s qualifications and independence, (4) the performance of Holdco’s internal audit function and (5) the performance of Holdco’s independent registered public accounting firm.

The Board has adopted a written charter for the audit committee, which is available on Holdco’s website.

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Compensation Committee

Holdco has a compensation
committee, consisting of solely independent directors. The compensation committee consists of Alexandra Steele and Lyman Dickerson. The
Board has determined that each of the members of the compensation committee is a non-employee director, as defined in Rule 16b-3
promulgated under the Exchange Act and satisfies the independence requirements of Nasdaq.

The purpose of the compensation committee is to assist the Board in discharging its responsibilities relating to (1) setting Holdco’s compensation program and compensation of its executive officers and directors, (2) monitoring Holdco’s incentive and equity-based compensation plans, (3) approving and modifying, as needed, clawback policies allowing Holdco to recoup improper compensation paid to employees, and (4) preparing the compensation committee report required to be included in Holdco’s proxy statement under the rules and regulations of the SEC.

The Board has adopted a written charter for the compensation committee which is available on Holdco’s website.

Nominating and Corporate Governance Committee

Holdco has a nominating
and corporate governance committee, consisting of independent directors. The nominating and corporate governance committee consists of
Alexandra Steele and Lyman Dickerson. The Board has determined that each of the members of the nominating and corporate governance committee
satisfies the independence requirements of Nasdaq.

The purpose of the nominating and corporate governance committee will be to assist the Board in dis