Company: RAIN
Filing Date: 2025-04-16
Form Type: 10-K
Source: 0001213900-25-032239
Chunk: 1176

Company: Rain Enhancement Technologies Holdco, Inc.
Filing Date: 2025-04-16
Form: 10-K
Item: Item 7A
Chunk 1176
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 Combination, for additional details.

Recent Developments

Nasdaq Compliance Notices

On February 18, 2025, the Company received written
notice (the “MVLS Notice”) from Nasdaq which notified the Company that, for the 30 consecutive business days ended February
14, 2025, our market value of listed securities (“MVLS”) closed below the $50,000,000 MVLS threshold required for continued
listing on the Nasdaq Global Market under Nasdaq Listing Rule 5450(b)(2)(A) (the “MVLS Rule”).

In accordance with Nasdaq Listing Rule 5810(c)(3)(C),
the Company has 180 calendar days, or until August 18, 2025 (the “MVLS Compliance Period”), to regain compliance with the
MVLS Rule. The MVLS Notice notes that, to regain compliance, our MVLS must close at or above $50,000,000 for a minimum of ten consecutive
business days during the MVLS Compliance Period. The MVLS Notice further notes that if the Company is unable to satisfy the MVLS requirement
prior to such date, the Company may be eligible to transfer the listing of its securities to The Nasdaq Capital Market (provided that
the Company then satisfies the requirements for continued listing on that market). If the Company does not regain compliance by the end
of the MVLS Compliance Period, Nasdaq staff will provide written notice to the Company that its securities are subject to delisting. At
that time, the Company may appeal any such delisting determination to a hearings panel.

F-7

Also on February 18, 2025, we received written notice (the “MVPHS
Notice”) from Nasdaq that for the 30 consecutive business days ended February 14, 2025, our market value of publicly held shares
(“MVPHS”) closed below the $15,000,000 MVPHS threshold required for continued listing on Nasdaq under Nasdaq Listing Rule
5450(b)(2)C) (the “MVPHS Rule”).

In accordance with Nasdaq Listing Rule 5810(c)(3)(D), we have 180 calendar
days, or until August 18, 2025 (the “MVLS Compliance Period”), to regain compliance with the MVPHS Rule. The MVPHS Notice
notes that, to regain compliance, our MVPHS must close at or above $15,000,000 for a minimum of