Company: RAIN
Filing Date: 2025-05-16
Form Type: 424B3
Source: 0001213900-25-044498
Chunk: 27

Company: Rain Enhancement Technologies Holdco, Inc.
Filing Date: 2025-05-16
Form: 424B3
Chunk 27
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 earlier (i) at the option of the holder at any
time, (ii) automatically on the date on which the RWT Founders or their Permitted Transferees (as defined in the Holdco A&R Articles)
collectively own twenty percent (20%) or less of the number of shares of Holdco Class B Common Stock collectively held by such persons
or their Permitted Transferees immediately after the completion of the Business Combination, (iii) automatically upon the occurrence
of a transfer of Holdco Class B Common Stock that is not a Permitted Transfer, and (iv) automatically on the date specified by the affirmative
vote of the holders of Holdco Class B Common Stock representing not less than two-thirds (2∕3) of the voting power of the Holdco
Class B Common Stock. The Holdco Class A Common Stock and the Holdco Class B Common Stock have identical economic rights, including dividend
and liquidation rights.

Holdco Preferred Stock

As of March 31, 2025 and December 31, 2024, there
was no preferred shares outstanding, as retroactively restated to reflect the Business Combination.

Holdco Class A Common Stock

In connection with the Business Combination,
Holdco converted an aggregate of (i) 723,414 Coliseum public shares and (ii) 3,750,000 Coliseum founder shares into
Holdco Class A Common Stock on a one-to-one ratio and also converted 3,750,000 Coliseum private placement warrants into 806,250 Holdco
Class A Common Stock, for an aggregate of 5,279,664 shares of Holdco Class A Common Stock.

Also, in connection with the Business Combination,
Holdco also converted an aggregate of 1,232 shares of RWT legacy preferred stock and 250 shares of RWT legacy Class
A common stock into 2,125,539 shares of Holdco Class A Common Stock based on an exchange ratio equal to approximately 1,434.

In connection with the Business Combination,
the Company issued an aggregate of 118,557 shares of Holdco Class A Common Stock in the PIPE Investment. On the Closing Date, the Company
closed on $700,000 of investment pursuant to the PIPE Subscription Agreements and issued an aggregate of 61,474 shares of Class A Common
Stock to the PIPE Investors, and recorded a subscription receivable of $650,000 from two PIPE Investors for the purchase of 57,083 shares
of