Company: RAIN
Filing Date: 2025-02-11
Form Type: S-1/A
Source: 0001213900-25-012215
Chunk: 5

Company: Rain Enhancement Technologies Holdco, Inc.
Filing Date: 2025-02-11
Form: S-1/A
Chunk 5
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co A&R Articles provide that no amendment or repeal of the provision limiting
the liability of directors shall adversely affect the rights and protections afforded to directors of Holdco for acts or omissions occurring
prior to the amendment or repeal. The articles also provide that if the Massachusetts Business Corporation Act is subsequently amended
to increase the scope of permitted indemnification, indemnification under the articles shall be provided to the full extent permitted
or required by the amendment.

Item 15. Recent Sales of Unregistered Securities.

The Class A Common Stock
being registered hereby includes shares of Class A Common Stock (including shares underlying shares of Class B Common Stock) issued to
the former shareholders of RET upon the closing of the Business Combination as consideration for their shares of common stock of RET pursuant
to the terms of the Business Combination Agreement, shares of Class A Common Stock issued to the former sponsors of Coliseum upon the
closing of the Business Combination as consideration for their Coliseum Class A ordinary shares pursuant to the terms of the Business
Combination Agreement, shares of Class A Common Stock issued at the closing of the Business Combination upon the exchange of Coliseum
Private Placement Warrants pursuant to the Warrant Exchange Agreement, shares of Class A Common Stock issued to PIPE Investors pursuant
to the terms of the PIPE Subscription Agreements, and shares of Class A Common Stock issued to a vendor as consideration for services
rendered.

On December 31, 2024, in
connection with the Closing of the Business Combination, the former RET shareholders received an aggregate of 2,125,540 shares of Class
A Common Stock and 57,572 shares of Class B Common Stock pursuant to the terms of the Business Combination Agreement.

On December 31, 2024, In
connection with the Closing of the Business Combination, on December 31, 2024, Holdco issued 61,474 shares of Class A Common Stock to
the PIPE Investors pursuant to the PIPE Subscription Agreements, for aggregate proceeds of approximately $700,000. On January 29, 2025, the Company closed an additional $500,000 of investment pursuant to the PIPE Subscription Agreements and issued an aggregate of 43,910 shares of Class A Common Stock to the PIPE Investors. On February 6, 2025, the Company closed on an additional $150,000 of investment pursuant to the PIPE Subscription Agreements and issued an aggregate of 13,173 shares of Class A Common Stock to the PIPE Investors.

In connection with the Business
Combination