Company: RAIN
Filing Date: 2025-01-31
Form Type: S-1
Source: 0001213900-25-008536
Chunk: 282

Company: Rain Enhancement Technologies Holdco, Inc.
Filing Date: 2025-01-31
Form: S-1
Chunk 282
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 based on the U.S. Treasury zero-coupon yield curve on the date of valuation for a maturity similar to the expected remaining life of the warrants. The expected life of the warrants is assumed to be equivalent to their remaining contractual term. The dividend rate is based on the historical rate, which the Company anticipates to remain at zero.

Transfers to/from Levels 1, 2, and 3 are recognized at the end of the reporting periods. The estimated fair value of the Public Warrants transferred from a Level 3 measurement to a Level 1 fair value measurement after the Public Warrants were separately listed and traded in August 2021. As of December 31, 2023, the fair value measurement for Public Warrants was transferred to Level 2 measurement due to low trading volume.

The following table provides the significant inputs to the modified Black-Scholes method for the fair value of the Private Placement Warrants:

|                          |     |   |           As 
           of 
 December 31, 
         2023 |   |     |   |           As 
           of 
 December 31, 
         2022 |   |
|:-------------------------|:----|:--|-------------:|:--|:----|:--|-------------:|:--|
| Stock price              |     | $ |        10.66 |   |     | $ |        10.04 |   |
| Exercise price           |     | $ |        11.50 |   |     | $ |        11.50 |   |
| Expected term (in years) |     |   |         5.49 |   |     |   |         5.48 |   |
| Volatility(*)            |     |   |          5.1 | % |     |   |          0.5 | % |
| Risk-free rate           |     |   |          3.8 | % |     |   |         3.98 | % |
| Fair value of warrants   |     | $ |         0.04 |   |     |   |         0.04 |   |

| * | The                                                                                               
 probability of completing a Business Combination is considered within the volatility implied      
 by the traded price of the Public Warrants which is used to value the Private Placement Warrants. |

The following table provides the significant inputs to the Black-Scholes method for the fair value of the non-redemption agreement liabilities:

|