Company: RAIN
Filing Date: 2025-04-16
Form Type: 10-K
Source: 0001213900-25-032239
Chunk: 1194

Company: Rain Enhancement Technologies Holdco, Inc.
Filing Date: 2025-04-16
Form: 10-K
Item: Item 7A
Chunk 1194
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,000 shares of
preferred stock, par value $0.0001.

Holdco Class A Common Stock entitles the holders
thereof to one vote per share on all matters on which the shares of Holdco Class A Common Stock is entitled to vote, and Holdco Class
B Common Stock entitles the holders thereof to fifteen votes per share on all matters on which the shares of Holdco Class B Common Stock
are entitled to vote. Additionally, for so long as the RWT Founders (Paul T. Dacier, Harry L. You, and Niccolo de Masi, or their affiliates)
hold at least 20% of the number of shares of Holdco Class B Common Stock collectively held by them as of the Closing, the RWT Founders
have rights that are different from unaffiliated shareholders, including the right to fill vacancies on the Holdco Board, to call special
meetings of shareholders, and the Holdco A&R Articles permits action by written consent of the shareholders and requires that amendments
to the Holdco A&R Articles be approved by a majority of the shares of Holdco Common Stock entitled to vote in lieu of two-thirds
of the shares of Holdco Common Stock entitled to vote on the matter.

The Dual Class Structure will terminate on the
date that is five years after completion of the Business Combination, or earlier (i) at the option of the holder at any time, (ii)
automatically on the date on which the RWT Founders or their Permitted Transferees (as defined in the Holdco A&R Articles) collectively
own twenty percent (20%) or less of the number of shares of Holdco Class B Common Stock collectively held by such persons or their Permitted
Transferees immediately after the completion of the Business Combination, (iii) automatically upon the occurrence of a transfer of Holdco
Class B Common Stock that is not a Permitted Transfer, and (iv) automatically on the date specified by the affirmative vote of the holders
of Holdco Class B Common Stock representing not less than two-thirds (2∕3) of the voting power of the Holdco Class B Common Stock.
The Holdco Class A Common Stock and the Holdco Class B Common Stock have identical economic rights, including dividend and liquidation
rights.

Holdco Preferred Stock

As of December 31, 2024 and 2023, there was no
preferred shares outstanding, as retroactively restated to reflect the Business Combination.

Hold