Company: RAIN
Filing Date: 2025-04-25
Form Type: 424B3
Source: 0001213900-25-035587
Chunk: 102

Company: Rain Enhancement Technologies Holdco, Inc.
Filing Date: 2025-04-25
Form: 424B3
Chunk 102
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the Closing, RWT management determined that RWT would be able to execute on its operating plan for at least the next 12 months following
the Closing if RWT received at least $10 million in proceeds from the Business Combination, after giving effect to redemptions of Public
Shares but before the payment of transaction expenses. Because the Company received $9 million in gross proceeds from the Business Combination
before the payment of transaction expenses, the Company has adjusted production ramp-up in order to align the associated cash requirements,
especially for working capital, with actual timing and/or realized proceeds of the Business Combination. Adjustments have been made by
reducing or shifting planned operational costs and R&D investments, on a short-term basis, until additional funding is obtained. RWT
management has determined that the RWT system’s design is complete, requiring no additional R&D in the near-term, and that the
main cash requirement for operations in the next 12 months will be staffing and operations. As of December 31, 2024, the Company
had approximately $37,000 in cash. Additionally, the Company has a $7 million Loan Agreement from an affiliate of Harry You, of which
$839,000 has been borrowed as of the date of this prospectus. However, we cannot assure you that the Company will not need additional
sources of capital to operate its business in the next 12 months, or that it will be able to obtain additional capital for its five-year
business plan. See “Risk Factors - RWT will need additional capital to pursue its business objectives and respond to business opportunities, challenges or unforeseen circumstances, and it cannot be sure that additional financing will be available.”

For more information,
see “RWT Management’s Discussion and Analysis of Financial Condition and Results of Operations - Plan of Operations - Summary of Milestones and Material Cash Requirements.”

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Government and Other Regulations

RWT expects its technology
will be subject to certain environmental and governmental regulations. Certain jurisdictions have codified regulations around cloudseeding
that may subject RWT’s rainfall generation platforms to certain licensing and permitting requirements. For instance, the Texas Department
of Licensing and Regulation regulates the use of cloudseeding through a licensing and permitting procedure codified in the Texas Weather
Modification Act. Furthermore, the use of certain materials for seeding purposes will likely be subject to governmental and other regulations.
For more information, see “Risk Factors - Risks Relating to Regulatory and Legal Matters”.

Research &