Company: RAIN
Filing Date: 2025-05-16
Form Type: 424B3
Source: 0001213900-25-044498
Chunk: 26

Company: Rain Enhancement Technologies Holdco, Inc.
Filing Date: 2025-05-16
Form: 424B3
Chunk 26
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The Warrants are listed on Nasdaq Stock Market
LLC under the ticker “RAINW”. As of March 31, 2025 and December 31, 2024, the fair value measurements for the Warrants were
classified as Level 2 due to low trading volume.

During the three months ended March 31, 2025,
there were no transfers between levels of the fair value hierarchy.

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RAIN ENHANCEMENT TECHNOLOGIES HOLDCO, INC.

NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

MARCH 31, 2025</div>

Note 8 — Stockholders’ Deficit

According to the Company’s Amended and
Restated Articles of Organization (the “Holdco A&R Articles”), as of March 31, 2025, the Company is authorized to issue
30,000,000 shares of Holdco Class A Common Stock, par value $0.0001, 1,000,000 shares of Holdco Class B Common Stock, par value $0.0001,
and 1,000,000 shares of preferred stock, par value $0.0001.

Holdco Class A Common Stock entitles the holders
thereof to one vote per share on all matters on which the shares of Holdco Class A Common Stock is entitled to vote, and Holdco
Class B Common Stock entitles the holders thereof to fifteen votes per share on all matters on which the shares of Holdco Class
B Common Stock are entitled to vote. Additionally, for so long as the RWT Founders (Paul T. Dacier, Harry L. You, and Niccolo de Masi,
or their affiliates) hold at least 20% of the number of shares of Holdco Class B Common Stock collectively held by them as of the
Closing, the RWT Founders have rights that are different from unaffiliated shareholders, including the right to fill vacancies on the
Holdco Board, to call special meetings of shareholders, and the Holdco A&R Articles permits action by written consent of the shareholders
and requires that amendments to the Holdco A&R Articles be approved by a majority of the shares of Holdco Common Stock entitled to
vote in lieu of two-thirds of the shares of Holdco Common Stock entitled to vote on the matter.

The dual class structure will terminate on the
date that is five years after completion of the Business Combination, or