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

Company: Rain Enhancement Technologies Holdco, Inc.
Filing Date: 2025-05-16
Form: 424B3
Chunk 16
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0.20 | ) |     | $       |   (0.20 | ) |     | $       |     (0.02 | ) |     | $       | - |

Recent Accounting Pronouncements

In December 2023, the FASB issued ASU No. 2023-09
(Topic 740), Improvements to Income Tax Disclosures. The ASU requires disaggregated information about a reporting entity’s
effective tax rate reconciliation as well as an expansion of other income tax disclosures. The ASU is effective on a prospective basis
for annual reporting periods beginning after December 15, 2024. The Company is currently evaluating the impact this ASU will have
on its consolidated financial statements and related disclosures.

Issued in November 2024, ASU 2024-03, Disaggregation of income Statement Expenses (Subtopic 220-40), requires the disaggregated disclosure
of specific expense categories, including purchases of inventory, employee compensation, depreciation, and amortization, within relevant
income statement captions. This ASU also requires disclosure of the total amount of selling expenses along with the definition of selling
expenses. The ASU is effective for annual periods beginning after December 15, 2026, and interim periods within fiscal years beginning
after December 15, 2027. Adoption of this ASU can either be applied prospectively to consolidated financial statements issued for reporting
periods after the effective date of this ASU or retrospectively to any or all prior periods presented in the consolidated financial statements.
While early adoption is permitted, the Company does not plan to adopt this standard early. This ASU will likely result in additional disclosures
being included in the Company’s consolidated financial statements once adopted. The Company is currently evaluating the provisions
of this ASU will have on its consolidated financial statements.

Note 3 — Business Combination

Business Combination

On December 31, 2024, the Company consummated
its Business Combination pursuant to the terms of the Business Combination Agreement. The Business Combination was structured as follows:

| a) | Prior to Closing, the sole outstanding                                                       
 Class B ordinary share of Coliseum, par value $0.001 per share, was converted into one Class 
 A ordinary share of Coliseum, par value $0.001 per share (“Coliseum Class A Ordinary         
 Shares”), each of which was then converted into one share of Holdco’s                        
 Class A Common Stock, par value $0.0001 per share (the