Company: RAIN
Filing Date: 2025-11-13
Form Type: 424B3
Source: 0001213900-25-110123
Chunk: 29

Company: Rain Enhancement Technologies Holdco, Inc.
Filing Date: 2025-11-13
Form: 424B3
Chunk 29
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O, INC.

NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

SEPTEMBER 30, 2025</div>

The following summarizes the Company’s restricted
stock award activity and the RSAs outstanding:

| Unvested at June 30, 2025      |     | Shares |       - |     | Weighted   
 Average    
 Grant      
 Date       
 Fair Value |    - |     | Weighted    
 Average     
 Remaining   
 Contractual 
 Life        
 (in years)  |      |
|:-------------------------------|:----|:-------|--------:|:----|:-----------|-----:|:----|:------------|-----:|
| Granted                        |     |        | 602,320 |     |            | 4.40 |     |             |      |
| Forfeited                      |     |        |       - |     |            |    - |     |             |      |
| Vested                         |     |        |       - |     |            |    - |     |             |      |
| Unvested at September 30, 2025 |     |        | 602,320 |     |            | 4.40 |     |             | 0.75 |

The aggregate fair value was calculated based on the closing market price of the Company’s common stock on the date of grant and
is recognized ratable over the vesting period. The Company recognized approximately $349,000 of stock compensation expense within the general and administrative expenses in the accompanying unaudited condensed
consolidated financial statements for the three and nine months ended September 30, 2025. As of September 30, 2025, total unrecognized
compensation cost related to RSAs was approximately $2.3 million, which is expected to be recognized over a remaining weighted-average
vesting period of 0.75 years.

Note 10 — Segment Information

ASC Topic 280, “Segment Reporting,”
establishes standards for companies to report in their financial statement information about operating segments, products, services, geographic
areas, and major customers. Operating segments are defined as components of an enterprise for which separate financial information is
available that is regularly evaluated by the Company’s chief operating decision maker, or group, in deciding how to allocate resources
and assess performance.

The Company operates and manages the business
as one reportable and operating segment, which is the business of developing, manufacturing and commercializing ionization