Company: RAIN
Filing Date: 2025-02-12
Form Type: 424B3
Source: 0001213900-25-012904
Chunk: 160

Company: Rain Enhancement Technologies Holdco, Inc.
Filing Date: 2025-02-12
Form: 424B3
Chunk 160
---
 Holdco A&R Articles and/or Holdco A&R Bylaws as it deems appropriate.

Role of the Board in Risk Oversight

The Board’s role in
risk oversight at the Company is consistent with its leadership structure, with the Executive Chairperson, CEO, President and other members
of senior management having responsibility for assessing and managing RET’s risk exposures, and the Board and its committees providing
oversight in connection with those efforts and attempts to mitigate identified risks. As part of the Board’s meetings, the Board
will review and seek to assess on an ongoing basis the risks faced by RET in executing its business plans. These risks include business,
operational, technological, cybersecurity, financial and liquidity risks. The Board will periodically receive updates from management
on the primary risks facing RET and the measures that RET is taking to mitigate such risks.

The Board also dedicates
time to review and consider the relevant risks that need to be addressed at the time of any Board meeting. In addition to the full Board,
the Audit Committee plays an important role in the oversight of RET’s risk management processes, as well as assessing RET’s
major financial risk exposures. The Compensation Committee is charged with reviewing Holdco’s and RET’s compensation policies
and practices and confirming that they do not encourage risk taking in a manner that would have a material adverse impact on Holdco. The
Nominating and Corporate Governance Committee is responsible for overseeing risks related to Holdco’s and RET’s governance
processes. Each of the Board’s committees reports its findings to the full Board for consideration.

Director Independence

Nasdaq listing rules generally require that a majority of a listed company’s board of directors be independent within one year of listing. An “independent director” is defined generally as a person other than an officer or employee of the company or its subsidiaries or any other individual having a relationship which in the opinion of the company’s board of directors, would interfere with the director’s exercise of independent judgment in carrying out the responsibilities of a director. The Board is expected to have a majority of “independent directors” as defined in the Nasdaq listing standards and applicable SEC rules within one year of the Closing.

Committees of the Board of Directors

The Board has three standing committees — an audit committee, a compensation committee and a nominating and corporate governance committee, each comprised of independent directors.

Audit Committee

The Board has an audit committee.
The audit committee consists of Lyman Dickerson. The audit committee is expected to have at least two members within 90