Company: RAIN
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001213900-25-110062
Chunk: 93

Company: Rain Enhancement Technologies Holdco, Inc.
Filing Date: 2025-11-13
Form: 10-Q
Item: Part I, Item 8
Chunk 93
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)C) (the “MVPHS
Rule”). In accordance with Nasdaq Listing Rule 5810(c)(3)(D), we had 180 calendar days, or until August 18, 2025, to regain compliance
with each of the MVLS Rule and the MVPHS Rule.

On August 19, 2025, we received a notice (the
“Notice”) from the Staff indicating that we had not regained compliance with either the MVLS Rule or the MVPHS Rule and, unless
we timely requests a hearing before the Nasdaq Hearings Panel (the “Panel”), our securities would be subject to suspension
and delisting from The Nasdaq Global Market at the opening of business on August 28, 2025.

We submitted its timely request for a hearing
before the Panel on August 21, 2025, to request additional time to regain compliance with the MVLS Rule and the MVPHS Rule. As part of
the compliance plan submitted to the Panel, we requested a transfer of our listing from the Nasdaq Global Market to the Nasdaq Capital
Market. A hearing before the Panel was held on September 18, 2025 and on October 14, 2025, the Panel granted our request for continued
listing on Nasdaq, subject to our application to transfer our listing from the Nasdaq Global Market to the Nasdaq Capital Market on or
before October 20, 2025, and our demonstration of compliance with all listing rules of the Nasdaq Capital Market on or before October
31, 2025.

We applied for listing on the Nasdaq Capital
Market and demonstrated compliance with all of the listing rules of the Nasdaq Capital Market, and Nasdaq approved the listing of
our securities on the Nasdaq Capital Market. In connection with the approval of our application, the listing qualifications staff of
Nasdaq indicated that our previously disclosed deficiencies are cured.

20

Our Class A common stock and warrants will continue
to trade under the symbol “RAIN” and “RAINW”, respectively. This transfer does not affect our business operations,
which continue as normal.

Plan of Operations

12-Month Plan

RWT has two fully built rain generation systems.
The systems were built by a leading ionization rainfall generation engineer, and have undergone rigorous evaluation, testing, and documentation.
These units arrived in the US in September 2025, and we began the installation process during the third quarter of 2025. Installation
is expected