Company: RAIN
Filing Date: 2025-04-16
Form Type: 10-K
Source: 0001213900-25-032239
Chunk: 151

Company: Rain Enhancement Technologies Holdco, Inc.
Filing Date: 2025-04-16
Form: 10-K
Item: Item 1
Chunk 151
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 was a total of 723,414 Coliseum public
shares and an aggregate of approximately $8.25 million remaining in Coliseum Trust Account, and was later converted into Holdco Class
A Common Stock in connection with the Business Combination.

Transaction Proceeds

The following table reconciles the elements of
the Business Combination to the consolidated statements of cash flows and the consolidated statement of changes in stockholders’
equity for the year ended December 31, 2024:

    Cash-Trust Account, net of redemptions 
    $8,251,024 
  
    Less: transaction costs and professional fees, paid directly from Trust Account 
     (4,270,760)
  
    Net proceeds received from Trust 
     3,980,264 
  
    Less: private placement warrant liabilities 
     (350,000)
  
    Less: related party notes 
     (2,558,340)
  
    Less: accounts payable and accrued expenses 
     (2,113,096)
  
    Reverse recapitalization, net 
    $(1,041,172)

The number of shares of Common Stock issued immediately
following the consummation of the Business Combination were:

    Class A 
Common Stock  
    Class B 
Common Stock 
  
    Coliseum Public Shares, outstanding prior to the Business Combination 
     1,787,112  
     - 
  
    Less: Redemption of Coliseum Class A common stock 
     (1,063,698) 
     - 
  
    Public shares of Coliseum, including 361,556 shares subject to the Forward Purchase Agreement (as described below) 
     723,414  
     - 
  
    Coliseum Founder Shares, outstanding prior the Business Combination 
     3,750,000  
     - 
  
    Coliseum Private Placement Warrants converted to Class A Common shares 
     806,250  
     - 
  
    Business Combination shares 

    RWT Shares 
     2,125,539  
     57,752 
  
    Issuance of shares in connection with PIPE 
     118,557  
     - 
  
    Class A common stock issued for services 
     5,000  
     - 
  
    Common Stock immediately after the Business Combination 
     7,528,761  
     57,752 

The number of RWT shares was