Company: RAIN
Filing Date: 2025-01-31
Form Type: S-1
Source: 0001213900-25-008536
Chunk: 241

Company: Rain Enhancement Technologies Holdco, Inc.
Filing Date: 2025-01-31
Form: S-1
Chunk 241
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MBER 30, 2024</div>

| ● | at                                                                                         
 $0.10 per Public Warrant upon a minimum of 30 days’ prior written notice of redemption     
 provided that holders will be able to exercise their Public Warrants on a cashless basis   
 prior to redemption and receive that number of shares determined by reference based on the 
 redemption date and the fair market value of the Class A ordinary shares, subject to       
 certain exceptions;                                                                        |

| ● | if,                                                                                         
 and only if, the Reference Value equals or exceeds $10.00 per share (as adjusted for share  
 subdivisions, share dividends, rights issuances, reorganizations, recapitalizations and the 
 like); and                                                                                  |

| ● | if                                                                                           
 the Reference Value is less than $18.00 per share (as adjusted for share subdivisions, share 
 dividends, rights issuances, reorganizations, recapitalizations and the like), the Private   
 Placement Warrants must also be concurrently called for redemption on the same terms as the  
 outstanding Public Warrants, as described above.                                             |

The fair market value of the Company’s Class A ordinary shares shall mean the volume weighted average price of the Class A ordinary shares during the 10 trading days ending on the third trading day prior to the date on which the notice of redemption is sent to the holders of Public Warrants. The Company will provide its Public Warrant holders with the final fair market value no later than the date on which the notice of redemption is sent to the holders of Public Warrants. In no event will the Public Warrants be exercisable in connection with this redemption feature for more than 0.361 Class A ordinary shares per Public Warrant (subject to adjustment).

In addition, if (x) the Company issues additional ordinary shares or equity-linked securities for capital raising purposes in connection with the closing of a Business Combination at an issue price or effective issue price of less than $9.20 per ordinary share (with such issue price or effective issue price to be determined in good faith by the Company’s board of directors and, in the case of any such issuance to the Previous Sponsor or its affiliates, without taking into account any Founder Shares held by the Previous Sponsor or such affiliates, as applicable, prior to such issuance) (the “Newly Issued Price”), (y) the aggregate gross proceeds from such issuances represent more than 60% of the total equity proceeds, and interest thereon, available for the funding of a Business Combination on the date of the completion