Company: RAIN
Filing Date: 2025-01-31
Form Type: S-1
Source: 0001213900-25-008536
Chunk: 94

Company: Rain Enhancement Technologies Holdco, Inc.
Filing Date: 2025-01-31
Form: S-1
Chunk 94
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. Subsequent to September 30, 2024 and prior to Closing, Coliseum and         
 RET received additional advances from Mr. You, increasing the total Rollover amount to approximately $3.1 million. As the unaudited         
 pro forma combined balance sheet gives effects to the merger transaction as if it had occurred on September 30, 2024, this adjustment       
 does not reflect the additional advances owed to Mr. You subsequent to September 30, 2024.The Rollover amounts were assigned to and         
 assumed by Holdco and are treated for all purposes as Loans outstanding under the Loan Agreement. The Rollover amount does not reduce       
 the $7 million funding available to the Company under the LOC. This adjustment reflects the reclassification of total debt owed to          
 Mr. You and his affiliates into the new Loan Agreement.                                                                                     |

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NOTES TO UNAUDITED PRO FORMA COMBINED FINANCIAL STATEMENTS</div>

| (16) | Reflects                                                                                                                         
 the elimination of Coliseum’s historical accumulated deficit and the transaction adjustments related to Coliseum as a result     
 from transactions noted in footnotes 1, 2, 8, 11, 12, and 14, totaling approximately $9.6 million to additional paid-in capital. |

| (17) | Reflects                                                                                                                           
 the full Prepayment to Meteora in connection with the Forward Purchase Agreement, waving full redemption rights in connection with 
 such shares. See Note (ii) above for full details.                                                                                 |

Transaction Accounting Adjustments to Unaudited Pro Forma Combined Statement of Operations

The transaction accounting adjustments included in the unaudited pro forma combined statements of operations for the nine months ended September 30, 2024 are as follows:

| (c) | Reflects                                                                                      
 an adjustment to eliminate interest and other investment income related to the Trust Account. |

| (e) | Reflects                                                                                                                                 
 payment of annual salary to the new Co-CEO, Mr. Seidl pursuant to the binding Offer Letter. The bonus payment of $5.0 million along with 
 interest pursuant to the terms of the agreement is considered as a contingent liability and will be recoded when it becomes probable.    
 See section titled “Introduction” above for details. Management determines that an analysis on the probability will need                 
 to be done in order to determine the appropriate presentation for the Contingent Award. For the purpose of this statement, management    
 chose to omit