Company: RAIN
Filing Date: 2025-02-12
Form Type: 424B3
Source: 0001213900-25-012904
Chunk: 67

Company: Rain Enhancement Technologies Holdco, Inc.
Filing Date: 2025-02-12
Form: 424B3
Chunk 67
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 shares of Class A Common Stock issuable upon vested Options with an exercise price of $2.06 per share, which were issued
upon the conversion of RET’s outstanding options pursuant to the Business Combination Agreement; (iv) 650,120 shares of Class A
Common Stock issued to Harry You and his affiliates upon the closing of the Business Combination as consideration for former Founder Shares
pursuant to the terms of the Business Combination Agreement, which were purchased by Mr. You from the Previous Sponsor in June 2023 for
an aggregate purchase price of $1.00 plus the obligation to fund certain contributions to Coliseum’s trust account (Mr. You funded
an aggregate of $650,000 of such contributions); (v) 806,250 shares of Class A Common Stock issued at the closing of the Business Combination
upon the exchange of Private Placement Warrants of Coliseum pursuant to the Warrant Exchange Agreement, and such Private Placement Warrants
were initially purchased at a price of $1.50 per Private Placement Warrant; (vi) 118,557 shares of Class A Common Stock issued to the
PIPE Investors pursuant to the terms of the PIPE Subscription Agreements, at a price per share of approximately $11.39; and (vii) 5,000
shares of Class A Common Stock issued to a vendor as consideration for services rendered. Depending on the price, the public shareholders
may have paid significantly more than the selling shareholders for any shares or Warrants they may have purchased in the open market based
on variable market price.

Despite a significant decline
in the public trading price, some of the selling shareholders may still experience a positive rate of return on the shares being offered
by them in this prospectus due to the price at which such selling shareholder initially purchased the shares. Based upon the closing price
of our Class A Common Stock of $3.23 on February 10, 2025, upon the sale of shares of our Class A Common Stock (i) Harry You may experience
a potential profit of approximately $2.23 per share of the Class A Common Stock issued to him upon the exchange of the former Founder
Shares in the Business Combination, and approximately $2.23 per share of the Class A Common Stock issued to him upon the exchange of the
Coliseum Private Placement Warrants in the Warrant Exchange, (ii) the RET Founders, which includes Harry You, Niccolo de Masi, and Paul
Dacier or their affiliates, may experience