Company: RAIN
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001213900-25-110062
Chunk: 174

Company: Rain Enhancement Technologies Holdco, Inc.
Filing Date: 2025-11-13
Form: 10-Q
Item: Part I, Item 4
Chunk 174
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ITEM 4. DISCLOSURE CONTROLS AND PROCEDURES.

Disclosure controls and procedures are controls
and other procedures that are designed to ensure that information required to be disclosed in our reports filed or submitted under Securities
Exchange Act of 1934, as amended (the “Exchange Act”) is recorded, processed, summarized and reported within the time periods
specified in the SEC’s rules and forms. Disclosure controls and procedures include, without limitation, controls and procedures
designed to ensure that information required to be disclosed in our reports filed or submitted under the Exchange Act is accumulated and
communicated to our management, including our Chief Executive Officer and Chief Financial Officer, to allow timely decisions regarding
and the preparation of the Company’s consolidated financial statements and required disclosures.

Evaluation of Disclosure Controls and Procedures

As required by Rules 13a-15 and 15d-15 under the
Exchange Act, our Chief Executive Officer and Chief Financial Officer carried out an evaluation of the effectiveness of the design and
operation of our disclosure controls and procedures as of September 30, 2025. Based upon their evaluation, our Chief Executive Officer
and Chief Financial Officer concluded that our disclosure controls and procedures (as defined in Rules 13a-15 (e) and 15d-15 (e) under
the Exchange Act) were not effective due to the material weakness discussed below. As a result, we performed additional analysis as deemed
necessary to ensure that our consolidated financial statements were prepared in accordance with U.S. GAAP. Accordingly, management believes
that the consolidated financial statements included in this Report present fairly in all material respects our financial position, results
of operations and cash flows for the periods presented.

As previously disclosed, in connection with the
restatement of RWT’s audited financial statements as of and for the year ended December 31, 2023 and as of December 31, 2022 and
for the period from November 10, 2022 (inception) through December 31, 2022, RWT’s management identified a material weakness in
RWT’s internal controls over financial reporting regarding the calculation of deferred tax assets and disclosure of income taxes
in accordance with FASB ASC 740. Upon the completion of the Business Combination, RWT became a wholly-owned subsidiary of the Company.
In connection with the preparation and audit of the Company’s consolidated financial statements as of and for the year ended December
31, 2024, management determined that such material weakness had not