Company: RAIN
Filing Date: 2025-04-25
Form Type: 424B3
Source: 0001213900-25-035587
Chunk: 172

Company: Rain Enhancement Technologies Holdco, Inc.
Filing Date: 2025-04-25
Form: 424B3
Chunk 172
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. A holder of a Warrant may notify us in writing
in the event it elects to be subject to a requirement that such holder will not have the right to exercise such warrant, to the extent
that after giving effect to such exercise, such person (together with such person’s affiliates), to the warrant agent’s actual
knowledge, would beneficially own in excess of 9.8% (or such other amount as a holder may specify) of the shares of Class A Common Stock
issued and outstanding immediately after giving effect to such exercise.

Anti-dilution Adjustments. If the number of issued and outstanding
Class A Common Stock is increased by a capitalization or share dividend payable in shares of Class A Common Stock, or by a split-up of
Class A Common Stock or other similar event, then, on the effective date of such capitalization or share dividend, split-up or similar
event, the number of shares of Class A Common Stock issuable on exercise of each Warrant will be increased in proportion to such increase
in the issued and outstanding shares of Class A Common Stock. A rights offering made to all or substantially all holders of Class A Common
Stock entitling holders to purchase shares of Class A Common Stock at a price less than the “historical fair market value”
(as defined below) will be deemed a share dividend of a number of shares of Class A Common Stock equal to the product of (1) the number
of shares of Class A Common Stock actually sold in such rights offering (or issuable under any other equity securities sold in such rights
offering that are convertible into or exercisable for Class A Common Stock) and (2) one minus the quotient of (x) the price per share
of Class A Common Stock paid in such rights offering and (y) the historical fair market value. For these purposes, (1) if the rights offering
is for securities convertible into or exercisable for Class A Common Stock, in determining the price payable for Class A Common Stock,
there will be taken into account any consideration received for such rights, as well as any additional amount payable upon exercise or
conversion and (2) “historical fair market value” means the volume weighted average price of Class A Common Stock during the
10 trading day period ending on the trading day prior to the first date on which the Class A Common Stock trade on the applicable exchange
or in the applicable market, regular way, without the right to receive such rights.

In addition, if we