Company: RAIN
Filing Date: 2025-02-12
Form Type: 424B3
Source: 0001213900-25-012904
Chunk: 201

Company: Rain Enhancement Technologies Holdco, Inc.
Filing Date: 2025-02-12
Form: 424B3
Chunk 201
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 the date on which Holdco completes a liquidation, merger, capital stock exchange, reorganization or other similar transaction that results in all of Holdco’s shareholders having the right to exchange their shares of common stock for cash, securities or other property.

One Year Lock-Up

On December 31, 2024, in connection with the consummation of the Business Combination and as contemplated by the Extension Non-Redemption Agreements, Holdco issued to the Extension Non-Redeeming Shareholders an aggregate of 606,972 shares of Class A Common Stock. Such shares are subject to a one-year lock-up, subject to potential early release as discussed below. Additionally, the 5,000 shares of Class A Common Stock issued on December 31, 2024 to a vendor in consideration for services rendered are subject to a one-year lock-up pursuant to an agreement between Holdco and the vendor.

Such shares are subject to
early release from the one-year lock-up if the last reported sale price of the Class A Common Stock equals or exceeds (i) $12.00 per share
(as adjusted for share sub-divisions, share dividends, rights issuances, reorganizations, recapitalizations and the like) for any 20 trading
days within any 30-trading day period commencing at least 150 days after the Business Combination or (ii) $18.00 per share (as adjusted
for share sub-divisions, share dividends, rights issuances, reorganizations, recapitalizations and the like) for any 20 trading days within
any 30-trading day period commencing at least 75 days after the completion of the Business Combination, or (y) the date on which the Company
completes a liquidation, merger, share exchange, reorganization or other similar transaction that results in all of the Company’s
shareholders having the right to exchange their Common Stock for cash, securities or other property.

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MATERIAL U.S. FEDERAL INCOME TAX CONSIDERATIONS</div>

The following is a discussion of the material U.S. federal income tax considerations applicable to U.S. Holders and Non-U.S. Holders (each as defined below) of the ownership and disposition of Class A Common Stock. This discussion only applies to investors that will hold their Class A Common Stock as capital assets for U.S. federal income tax purposes (generally, property held for investment). This discussion does not discuss all aspects of U.S