Company: RAIN
Filing Date: 2025-04-16
Form Type: 10-K
Source: 0001213900-25-032239
Chunk: 313

Company: Rain Enhancement Technologies Holdco, Inc.
Filing Date: 2025-04-16
Form: 10-K
Item: Item 1A
Chunk 313
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technology. The Company’s Chief Executive Officer has been identified as the chief operating decision maker (“CODM”), who
reviews the operating results for the Company as a whole to make decisions about allocating resources and assessing financial performance.
Accordingly, management has determined that the Company only has one operating segment.

When evaluating the Company’s performance and
making key decisions regarding resource allocation the CODM reviews several key metrics, which include the following:

    For the years ended
 December 31, 

    2024  
    2023 
  
    General and administrative expenses 
    $4,491,706  
    $397,200 
  
    Franchise tax expenses 
     225  
     225 
  
    Other significant non-cash items: 

    Amortization expenses 
     11,675  
     12,648 
  
    Loss from operations 
     (4,503,606) 
     (410,073)
  
    Total other expenses 
     (30,155) 
     (26,934)
  
    Net loss 
    $(4,533,761) 
    $(437,007)

As the Company has not earned any revenue, the
key measures of segment profit or loss reviewed by our CODM are general and administrative expenses to monitor, manage and forecast cash
to ensure enough capital is available for working capital needs. The CODM also reviews general and administrative costs to manage, maintain
and enforce all contractual agreements to ensure costs are aligned with all agreements and budget.

Note 11 — Subsequent Events

 The Company evaluated subsequent events and transactions
that occurred after the balance sheet date through April 15, 2025, the date at which the consolidated financial statements were issued.
Based upon this review, the Company did not identify any subsequent events that required adjustment or disclosure in the consolidated
financial statements, except as noted below.

Subsequent to December 31, 2024, the Company borrowed approximately
$839,000 under the LOC for working capital needs.

Additionally, On April 1, 2025, the Board, increased the size of the
Board from five to seven directors and appointed Mr. Marcus Peperzak and Mr. Robert Reardon to the Board to fill the resulting vacancies.

In connection with their appointments to the Board, Mr. Reardon and
Mr. Peperzak each entered into the Director Agreements which are the form of agreement adopted by the Board