Company: RAIN
Filing Date: 2025-04-18
Form Type: POS AM
Source: 0001213900-25-033116
Chunk: 8

Company: Rain Enhancement Technologies Holdco, Inc.
Filing Date: 2025-04-18
Form: POS AM
Chunk 8
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 to complete its initial business combination, the following redemptions occurred: (i) in connection with the extension from June 25, 2023 to up to June 25, 2024, 9,121,799 shares were redeemed at a per share price of approximately $10.38, for an aggregate redemption payment of approximately $94.7 million; (ii) in connection with the extension from November 25, 2023 to up to September 25, 2024 (which extension removed prior required monthly extension payments), 3,001,840 shares were redeemed at a per share price of approximately $10.70, for an aggregate redemption payment of approximately $32.1 million; (iii) in connection with the extension from September 25, 2024 to December 25, 2024, 1,089,249 public shares were redeemed at a per share price of approximately $11.18 per share, for an aggregate redemption payment of approximately $12.2 million, and (iv) in connection with the extension from December 25, 2024 to December 31, 2024, 856,188 public shares were redeemed at a per share price of approximately $11.39, for an aggregate redemption payment of approximately $9.7 million. In total, an aggregate of 14,276,586 shares were redeemed in connection with extensions and the business combination, representing approximately 95.2% of the 15,000,000 shares issued in Coliseum’s initial public offering. Of the 5,914,057 shares of Class A Common Stock that may be sold by the selling shareholders under this prospectus, an aggregate of 5,790,500 shares are subject to a two-year lockup pursuant to the terms of the lock-up agreement (the “Lock-Up Agreement”) dated as of December 31, 2024, by and among Holdco and certain shareholders of Holdco, including the RWT Founders, the Previous Sponsor and Berto LLC (the “New Sponsor”), representing the shares issued as consideration for the shares of common stock of RWT and pursuant to the terms of the Business Combination Agreement, the shares issued as consideration for former founder shares of Coliseum pursuant to the terms of the Business Combination Agreement, the shares issued in the Warrant Exchange, and the shares issuable upon exercise of the Options; an aggregate of 5,000 shares are subject to a one-year lock-up pursuant to the terms of an agreement between Hold