Company: RAIN
Filing Date: 2025-01-31
Form Type: S-1
Source: 0001213900-25-008536
Chunk: 283

Company: Rain Enhancement Technologies Holdco, Inc.
Filing Date: 2025-01-31
Form: S-1
Chunk 283
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 |   |          — |   |
| Balance as of December 31,                           
 2023 – Level 3                                       |     | $ |    354,910 |   |

The Company recognized gain in connection with changes in the fair value of warrant liabilities of $0 and $6,530,000 within change in fair value of derivative warrant liabilities in the Company’s statements of operations for years ended December 31, 2023 and 2022, respectively. The Company recognized gain in connection with changes in fair value of non-redemption agreement liabilities of $221 in the Company’s statements of operations for the year ended December 31, 2023.

NOTE 10. SUBSEQUENT EVENTS

The Company evaluated subsequent events and transactions that occurred after the balance sheet date up to the date that the financial statements were issued. Based upon this review, the Company did not identify any subsequent events that required adjustment or disclosure in the financial statements, except as noted below.

Subsequent to December 31, 2023, the New Sponsor advanced an additional amount of $504,266 to the Company.

<div align='center'>F-55

RAIN ENHANCEMENT TECHNOLOGIES, INC.

UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS</div>

|                                                                                                                                           |     | September 30, 
 2024          |            |   |     | December 31, 
 2023         |            |   |
|:------------------------------------------------------------------------------------------------------------------------------------------|:----|:--------------|-----------:|:--|:----|:-------------|-----------:|:--|
|                                                                                                                                           |     | -unaudited)   
 (restated     |            |   |     |              |            |   |
| Assets:                                                                                                                                   |     |               |            |   |     |              |            |   |
| Current assets:                                                                                                                           |     |               |            |   |     |              |            |   |
| Cash                                                                                                                                      |     | $             |    239,857 |   |     | $            |     37,345 |   |
| Prepaid                                                                                                                                   
 expenses                                                                                                                                  |     |               |     10,531 |   |     |              |      8,136 |   |
| Total                                                                                                                                     
 current assets                                                                                                                            |     |               |    250,388 |   |     |              |     45,481 |   |
| Equipment                                                                                                                                 |     |               |