Company: RAIN
Filing Date: 2025-04-25
Form Type: 424B3
Source: 0001213900-25-035587
Chunk: 18

Company: Rain Enhancement Technologies Holdco, Inc.
Filing Date: 2025-04-25
Form: 424B3
Chunk 18
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the term of the MOU based on agreed-upon pricing, however, Discovery Land is not obligated to purchase any equipment from RWT. Additionally,
RWT has been engaged in business development discussions with potential customers over the course of the preceding 1.5 years which has
helped it understand the market potential and near-term opportunities.

RWT was incorporated in Delaware on November 10, 2022, and was later
converted into a Massachusetts corporation on April 8, 2024.

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The Business Combination and Related Transactions

On December 31, 2024, we completed the Business Combination. As contemplated
by the Business Combination Agreement, the Business Combination was completed as follows: (i) the SPAC Merger occurred, whereby Coliseum
merged with and into Merger Sub 1, with Merger Sub 1 as the surviving company of such merger and (ii) following the SPAC Merger and as
part of the same overall transaction, the Company Merger occurred, whereby Merger Sub 2 merged with and into RWT, with RWT as the surviving
company of such merger. Following the Closing, the Company holds all of the equity interests of RWT and Merger Sub 1.

At the SPAC Merger Effective Time, by virtue of the SPAC Merger, (i)
each issued and outstanding Coliseum Class A Ordinary Share (including the Coliseum Class A Ordinary Share issued upon conversion of the
sole outstanding Coliseum Class B ordinary share but not including any public shares redeemed by public shareholders) was automatically
converted into the right to receive one share of Class A Common Stock, and (ii) the Coliseum Public Warrants were assumed by the Company
and each became a Warrant exercisable for shares of Class A Common Stock in lieu of the Coliseum Class A Ordinary Shares.

At the Company Merger Effective Time, by virtue of the Company Merger,
(i) each issued and outstanding share of RWT Class A Common Stock (after the conversion of RWT preferred stock pursuant to its terms,
but not including any shares held in the treasury of RWT) was converted into approximately 1,434 shares of Class A Common Stock pursuant
to the terms of the Business Combination Agreement, (ii) each issued and outstanding share of RWT Class B Common Stock (other than any
shares held in the treasury of RWT) was converted into approximately 1,434 shares of Class B Common Stock pursuant to the terms