Company: RAIN
Filing Date: 2025-04-18
Form Type: POS AM
Source: 0001213900-25-033116
Chunk: 209

Company: Rain Enhancement Technologies Holdco, Inc.
Filing Date: 2025-04-18
Form: POS AM
Chunk 209
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 - |   |
| Net operating loss carryforwards     |     |              |  114,223 |   |     |      |  104,701 |   |
| Total deferred tax assets            |     |              |  823,877 |   |     |      |  156,381 |   |
| Valuation allowance                  |     |              | (823,877 | ) |     |      | (156,381 | ) |
| Deferred tax asset, net of allowance |     | $            |        - |   |     | $    |        - |   |

F-20

In assessing the realization of deferred tax assets,
management considers whether it is more likely than not that some portion or all of the deferred tax assets will not be realized. The
ultimate realization of deferred tax assets is dependent upon the generation of future taxable income during the periods in which temporary
differences representing net future deductible amounts become deductible. Management considers the scheduled reversal of deferred tax
assets, projected future taxable income and tax planning strategies in making this assessment. After consideration of all of the information
available, management believes that significant uncertainty exists with respect to future realization of the deferred tax assets and has
therefore established a full valuation allowance for the years ended December 31, 2024 and 2023.

A reconciliation of the statutory federal income
tax rate (benefit) to the Company’s effective tax rate (benefit) is as follows:

|                                                       |     | December 31, |       |   |     |      |       |   |
|                                                       |     |         2024 |       |   |     | 2023 |       |   |
| Statutory federal income tax rate                     |     |              |  21.0 | % |     |      |  21.0 | % |
| M&A/ Deal cost                                        |     |              |  -6.0 | % |     |      |   0.0 | % |
| Meals and entertainment                               |     |              |   0.0 | % |     |      |  -0.1 | % |
| Financing costs and stock based compensation expenses |     |              |  -0.3 | % |     |      |  -0.2 | % |
| Start-up/Organization costs                           |     |              |   0.0 | % |     |      |   0.0 | % |
| Change in valuation allowance