Company: RAIN
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001213900-25-110062
Chunk: 27

Company: Rain Enhancement Technologies Holdco, Inc.
Filing Date: 2025-11-13
Form: 10-Q
Item: Part I, Item 1
Chunk 27
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636 
  
    Total financial liabilities 
    $-  
    $350,000  
    $20,636  
    $370,636 

The Warrants are listed on the Nasdaq under the
ticker “RAINW”. As of September 30, 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 and nine months ended September
30, 2025, there were no transfers between levels of the fair value hierarchy.

Note 9 — Stockholders’
Deficit

Shares Authorization

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 and to call special meetings of shareholders. 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 after the date on which the issued and
outstanding Class B Common Stock represents less than 50% of the total voting power of the then outstanding shares of capital stock
entitled to vote.

The dual class structure will terminate on December
31, 2029, or earlier (i