Company: RAIN
Filing Date: 2025-04-16
Form Type: 10-K
Source: 0001213900-25-032239
Chunk: 834

Company: Rain Enhancement Technologies Holdco, Inc.
Filing Date: 2025-04-16
Form: 10-K
Item: Item 5
Chunk 834
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Item 5. Market for Common Equity, Related
Stockholder Matters and Issuer Purchases of Equity Securities.

Market Information

Shares of our Class
A Common Stock and Warrants began trading on Nasdaq under the symbols “RAIN” and “RAINW”, respectively, on January
2, 2025. Shares of our Class B Common Stock do not trade on any market.

Holders

As of April 15, 2025, there were approximately
32 record holders of Class A Common Stock, 3 record holders of Class B Common Stock and 1 record holder of Warrants. The number of holders
of record does not include a substantially greater number of “street name” holders or beneficial holders whose shares of Class
A Common Stock and Warrants are held of record by banks, brokers and other financial institutions.

Dividends

Holdco has not paid any dividends to its shareholders.
It is the present intention of the Board to retain all earnings, if any, for use in Holdco’s business operations and, accordingly,
the Holdco does not anticipate declaring any dividends in the foreseeable future. The Board will consider whether or not to institute
a dividend policy. The determination to pay dividends will depend on many factors, including, among others, Holdco’s financial
condition, current and anticipated cash requirements, contractual restrictions and financing agreement covenants, solvency tests imposed
by applicable corporate law and other factors that the Board may deem relevant.

Recent Sales of Unregistered Securities

On December 31, 2024, in connection with the Closing,
the former RWT shareholders received an aggregate of 2,125,540 shares of Class A Common Stock and 57,572 shares of Class B Common Stock
pursuant to the terms of the Business Combination Agreement.

On December 31, 2024, in connection with the Closing,
Holdco issued 61,474 shares of Class A Common Stock to the PIPE Investors pursuant to the PIPE Subscription Agreements, for aggregate
proceeds of approximately $700,000 and also 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