Company: RAIN
Filing Date: 2025-01-31
Form Type: S-1
Source: 0001213900-25-008536
Chunk: 4

Company: Rain Enhancement Technologies Holdco, Inc.
Filing Date: 2025-01-31
Form: S-1
Chunk 4
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 and (vii) 5,000 shares of Class A Common Stock issued to a vendor as consideration for services rendered.

We will receive the proceeds from any exercise of the Warrants
for cash, but not from the net share exercise of any Warrants or from the resale of any shares of Class A Common Stock by the selling
shareholders pursuant to this prospectus. Each Warrant entitles the holder thereof to purchase one share of Class A Common Stock at an
initial exercise price of $11.50 per share. If each outstanding Warrant is exercised for cash, we will receive aggregate cash proceeds
of $57.5 million. The Warrants are exercisable on a cashless basis under certain circumstances specified in the Warrant Agreement. To
the extent that any Warrants are exercised on a cashless basis, the aggregate amount of cash we would receive from the exercise of the
Warrants will decrease. We believe the likelihood that the holders will exercise their Warrants is dependent upon the trading price of
our Class A Common Stock. If the trading price of our Class A Common Stock is less than the exercise price of the Warrants, we believe
the holders are unlikely to exercise their Warrants. Conversely, the holders are more likely to exercise their Warrants the higher the
prices of our Class A Common Stock is above the exercise price of the Warrant. On January 28, 2025, the closing price of our Class A Common
Stock was $3.89. Accordingly, we believe the holders are unlikely to exercise their Warrants.

On December 31, 2024, we completed the Business Combination. As contemplated by the Business Combination Agreement, the Business Combination was completed as follows:(i) Coliseum merged with and into Merger Sub 1, with Merger Sub 1 as the surviving company of such merger (the “SPAC Merger”) and (ii) following the SPAC Merger and as a part of the same overall transaction, Merger Sub 2 merged with and into RET, with RET as the surviving entity of such merger (the “Company Merger” and, together with the SPAC Merger, the “Mergers”), and, after giving effect to such Mergers, each of Merger Sub 1 and RET became a wholly owned subsidiary of the Company (the time that the SPAC Merger became effective being referred to as the “SPAC Merger Effective Time,” the time that the Company Merger became effective being referred to