Company: RAIN
Filing Date: 2025-04-25
Form Type: 424B3
Source: 0001213900-25-035587
Chunk: 150

Company: Rain Enhancement Technologies Holdco, Inc.
Filing Date: 2025-04-25
Form: 424B3
Chunk 150
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 PIPE Subscription Agreements was approximately
118,557 shares of Class A Common Stock for an aggregate investment amount of approximately $1,350,000.

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On the Closing Date, the Company closed on $700,000
of investment pursuant to the PIPE Subscription Agreements and issued an aggregate of 61,474 shares of Class A Common Stock to the PIPE
Investors and recorded a subscription receivable of $650,000 from two PIPE Investors for the purchase of 57,083 shares of Class A Common
Stock. On January 29, 2025, the Company closed $500,000 of such subscription receivable pursuant to the PIPE Subscription Agreements and
issued an aggregate of 43,910 shares of Class A Common Stock to the PIPE Investors. On February 6, 2025, the Company closed on the remaining
$150,000 of subscription receivable pursuant to the PIPE Subscription Agreements and issued an aggregate of 13,173 shares of Class A Common
Stock to the PIPE Investors.

The PIPE Investors include an affiliate of Harry
You, who was Coliseum’s chairman of the board and sponsor and a shareholder and lender to RWT prior to Closing, and is Holdco’s
chairman of the Board and a shareholder and lender to Holdco after the Closing, an affiliate of Paul Dacier, who was the President and
sole director of Holdco and the President, director, and shareholder of RWT prior to Closing, and Lyman Dickerson, who is a member of
Holdco’s Board after the Closing.

The PIPE Subscription Agreements contain customary
representations and warranties of each of Holdco and the PIPE Investors, and customary conditions to closing, including the consummation
of the Business Combination between Holdco, Coliseum and RWT. The PIPE Investors are parties to, or signed joinders to, the Registration
Rights Agreement, described in more detail below, and accordingly, Holdco is obligated to use its commercially reasonable efforts to file
a registration statement to register for resale the shares of Class A Common Stock issued in the PIPE Investment within 30 days of the
Closing and to cause such registration statement to be declared effective by the SEC as soon as practicable after the filing thereof.
The PIPE Investors also have demand and piggyback rights pursuant to the Registration Rights Agreement.

Warrant Exchange Agreement

On the Closing Date, pursuant to the Warrant Exchange
Agreement, the Coliseum Private Placement Warrants were exchanged for