Company: RAIN
Filing Date: 2025-04-25
Form Type: 424B3
Source: 0001213900-25-035587
Chunk: 84

Company: Rain Enhancement Technologies Holdco, Inc.
Filing Date: 2025-04-25
Form: 424B3
Chunk 84
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 those that
have not had a Securities Act registration statement declared effective or do not have a class of securities registered under the Exchange
Act) are required to comply with the new or revised financial accounting standards. The JOBS Act provides that a company can elect to
opt out of the extended transition period and comply with the requirements that apply to non-emerging growth companies but any such an
election to opt out is irrevocable. Holdco expects not to opt out of such extended transition period which means that when a standard
is issued or revised and it has different application dates for public or private companies, we, as an emerging growth company, can adopt
the new or revised standard at the time private companies adopt the new or revised standard. This may make comparison of our consolidated
financial statements with another public company which is neither an emerging growth company nor an emerging growth company which has
opted out of using the extended transition period difficult or impossible because of the potential differences in accounting standards
used.

We will remain an emerging growth company until the earlier of: (1)
the last day of the fiscal year (a) following the fifth anniversary of the effectiveness of our registration statement on Form S-4 in
connection with the Business Combination, (b) in which we have total annual gross revenue of at least $1.235 billion, or (c) in which
we are deemed to be a large accelerated filer, which means the market value of our common equity that is held by non-affiliates exceeds
$700 million as of the end of the prior fiscal year’s second fiscal quarter; and (2) the date on which we have issued more than
$1.00 billion in non-convertible debt securities during the prior three-year period.

Additionally, Holdco is a “smaller reporting company” as
defined in Item 10(f)(1) of Regulation S-K. Smaller reporting companies may take advantage of certain reduced disclosure obligations,
including, among other things, providing only two years of audited financial statements. Our status as a smaller reporting company is
determined annually. We will continue to qualify as a smaller reporting company through the following fiscal year as long as (i) the market
value of Common Stock held by non-affiliates (measured as of the end of the second quarter of the then current fiscal year) does not exceed
$250 million or (ii) our annual revenues for the most recently completed fiscal year do not exceed $100 million and the market value