Company: RAIN
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001213900-25-110062
Chunk: 108

Company: Rain Enhancement Technologies Holdco, Inc.
Filing Date: 2025-11-13
Form: 10-Q
Item: Part I, Item 8
Chunk 108
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 of its executive management team. The loss of any one of these individuals could disrupt our operations
or its strategic plans. Additionally, RWT’s future success will depend on, among other things, its ability to hire and retain the
necessary qualified sales, marketing and managerial personnel, for whom it competes with numerous other companies, academic institutions
and organizations. Restraints on the flow of technical and professional talent, including as a result of changes to U.S. immigration policies
or laws, may inhibit our ability to adequately staff our engineering, research and development efforts. If RWT loses key employees, if
it is unable to retain other qualified personnel, or if its management team is not able to effectively manage it through these events,
RWT’s business, financial condition, and results of operations may be adversely affected.

28

ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES
AND USE OF PROCEEDS

On September 5, 2025, we granted 602,320 shares
of Class A Common Stock, in the form of RSAs, to Mr. Seidl in consideration of services to be provided by Mr. Seidl. 50% of such shares
shall vest on January 1, 2026 and 50% of shall vest on January 1, 2027, subject to continued employment or service through such vesting
date. No underwriting discounts or commissions were paid with respect to such RSAs. This issuance was made pursuant to the exemption from
registration contained in Section 4(a)(2) of the Securities Act.

ITEM 3. DEFAULTS UPON SENIOR SECURITIES

None.

ITEM 4. MINE SAFETY DISCLOSURES

Not applicable.

ITEM 5. OTHER INFORMATION

None.

ITEM 6. EXHIBITS

The following exhibits are filed as part of, or incorporated by reference
into, this Report on Form 10-Q.

    Exhibit No.
     
    Description
  
    10.1+
     
    Retention Bonus Agreement, dated as of June 27, 2025, by and between Rain Enhancement Technologies, Inc. and Randall Seidl (incorporated by reference to Exhibit 10.1 to the Current Report on Form 8-K filed by Rain Enhancement Technologies Holdco, Inc. with the Securities and Exchange Commission on July 3, 2025).
  
    10.2+
     
    Amendment to Employment Agreement, dated June