Company: RAIN
Filing Date: 2025-04-25
Form Type: 424B3
Source: 0001213900-25-035587
Chunk: 170

Company: Rain Enhancement Technologies Holdco, Inc.
Filing Date: 2025-04-25
Form: 424B3
Chunk 170
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 Common Stock for each whole warrant. For an example
where the exact fair market value and redemption date are not as set forth in the table above, if the volume weighted average price of
our Class A Common Stock during the 10 trading days immediately following the date on which the notice of redemption is sent to the holders
of the warrants is $13.50 per share, and at such time there are 38 months until the expiration of the warrants, holders may choose to,
in connection with this redemption feature, exercise their Warrants for 0.298 shares of Class A Common Stock for each whole warrant. In
no event will the Warrants be exercisable in connection with this redemption feature for more than 0.361 shares of Class A Common Stock
per warrant (subject to adjustment). Finally, as reflected in the table above, if the Warrants are out of the money and about to expire,
they cannot be exercised on a cashless basis in connection with a redemption by us pursuant to this redemption feature, since they will
not be exercisable for any shares of Class A Common Stock.

This redemption feature is structured to allow for all of the outstanding
Warrants to be redeemed when the Class A Common Stock are trading at or above $10.00 per share, which may be at a time when the trading
price of our Class A Common Stock is below the exercise price of the Warrants. We have established this redemption feature to provide
us with the flexibility to redeem the Warrants without the Warrants having to reach the $18.00 per share threshold set forth above under
“— Redemption of Warrants when the price per share of Class A Common Stock equals or exceeds $18.00.” Holders
choosing to exercise their Warrants in connection with a redemption pursuant to this feature will, in effect, receive a number of shares
for their Warrants based on an option pricing model with a fixed volatility input. This redemption right provides us with an additional
mechanism by which to redeem all of the outstanding Warrants, and therefore have certainty as to our capital structure as the Warrants
would no longer be outstanding and would have been exercised or redeemed. We will be required to pay the applicable redemption price to
warrant holders if we choose to exercise this redemption right and it will allow us to quickly proceed with a redemption of the Warrants
if we determine it is in our best interest to do so. As such, we would redeem the Warrants in this manner when we believe