Company: RAIN
Filing Date: 2025-04-25
Form Type: 424B3
Source: 0001213900-25-035587
Chunk: 76

Company: Rain Enhancement Technologies Holdco, Inc.
Filing Date: 2025-04-25
Form: 424B3
Chunk 76
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 at a
later time where the underlying share price is higher and (ii) may not compensate the holders for the value of the Warrants, including
because the number of shares of Class A Common Stock received is capped at 0.361 shares per warrant (subject to adjustment) irrespective
of the remaining life of the Warrants. In addition, such redemptions may occur at a time when the Warrants are “out-of-the-money,”
in which case holders thereof would lose any potential embedded value from a subsequent increase in the value of the Class A Common Stock
had such Warrants remained outstanding.

In the event that Holdco determines to redeem the Warrants when the
closing price of the shares of Class A Common Stock equals or exceeds $18.00 per share or $10.00 per share, pursuant to Section 6.1 or
Section 6.2 of the Warrant Agreement, respectively, Holdco will fix a date for the redemption. Notice of redemption will be mailed by
first class mail, postage prepaid, by Holdco not less than thirty (30) days prior to the redemption date to the registered holders of
the Warrants to be redeemed at their last addresses as they appear on the registration books. Any notice mailed in the manner herein provided
will be conclusively presumed to have been duly given whether or not the registered holder received such notice.

Warrant holders will only be able to exercise their Warrants on a “cashless basis” under certain circumstances, and if they do so, they will receive fewer shares of Class A Common Stock from such exercise than if such warrants were exercised for cash.

The Warrants generally may not be exercised on a “cashless basis”,
except as described below.

The Warrant Agreement provides that in the following circumstances
holders of Warrants who seek to exercise their Warrants will not be permitted to do for cash and will, instead, be required to do so on
a cashless basis in accordance with Section 3(a)(9) of the Securities Act: (i) if the Class A Common Stock issuable upon exercise of the
Warrants are not registered under the Securities Act in accordance with the terms of the Warrant Agreement; and (ii) if we have so elected
and the Class A Common Stock are at the time of any exercise of a warrant not listed on a national securities exchange such that they
satisfy the definition of “covered securities” under Section 18(b)(1) of the Securities Act. If