Company: RAIN
Filing Date: 2025-04-16
Form Type: 10-K
Source: 0001213900-25-032239
Chunk: 1507

Company: Rain Enhancement Technologies Holdco, Inc.
Filing Date: 2025-04-16
Form: 10-K
Item: Item 9B
Chunk 1507
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 common stock outstanding during the periods. As of December 31, 2024
and 2023, the Company did not have any dilutive securities and other contracts that could, potentially, be exercised or converted into
shares of common stock and then share in the earnings of the Company. As a result, diluted loss per share is the same as basic loss per
share for the periods presented.

The net loss per share presented in the consolidated
statements of operations is based on the following for the years ended December 31, 2024 and 2023:

    For the years ended December 31, 

    2024  
    2023 

    Class A  common stock  
    Class B  common stock  
    Class A  common stock  
    Class B  common stock 
  
    Basic and diluted net loss per common share: 

    Numerator: 

    Allocation of net loss 
    $(4,486,728) 
    $(47,033) 
    $(437,007) 
    $             - 

    Denominator: 

    Basic and diluted weighted average share outstanding 
     1,956,836  
     20,513  
     920,538  
     - 

    Basic and diluted net loss per common share 
    $(2.29) 
    $(2.29) 
    $(0.47) 
    $- 

F-12

Recent Accounting Pronouncements

In November 2023, the FASB issued Accounting Standards Update (“ASU”)
2023-07, “Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures”. The amendments in this ASU expand
public entities’ segment disclosures by requiring disclosure of significant segment expenses that are regularly provided to the
Chief Operating Decision Maker and included within each reported measure of segment profit or loss, an amount and description of its composition
for other segment items, and interim disclosures of a reportable segment’s profit or loss and assets. The Company adopted ASU 2023-07,
which did not have a material impact on the consolidated financial statements.

In December 2023, the FASB issued ASU No. 2023-09
(Topic 740), Improvements to Income Tax Disclosures. The ASU requires disaggregated information about a reporting entity’s
effective tax rate reconciliation as well as an expansion of other income