Company: RAIN
Filing Date: 2025-02-12
Form Type: 424B3
Source: 0001213900-25-012904
Chunk: 125

Company: Rain Enhancement Technologies Holdco, Inc.
Filing Date: 2025-02-12
Form: 424B3
Chunk 125
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Summary of Milestones and Material Cash Requirements

The summary of the milestones that we are aiming to achieve in the next twelve months, with corresponding estimated quantification of material cash requirements to reach each milestone, is as follows:

Q1 2025: Establish US manufacturing and warehousing centers. Ship two additional systems from Australian supply chain to US warehouse with installation in first half of 2025. Open initial HQ and warehousing center in US. Host first marketing events for potential clients. Finalize initial US client contract for two rain generation systems, begin developing two additional systems as well as hire a CTO and CFO. Meanwhile, we will expand client sales pipeline across business use cases and geography focusing on clients that will lead to best enhancement results.

| ● | Estimated                                
 material cash requirements: $2.0 million |

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Q2 2025: Begin operationalizing manufacturing, testing, and warehousing of devices for the installation pipeline.

| ● | Estimated                                
 material cash requirements: $2.8 million |

Q3 2025: Launch university partnerships. Release alpha version of software system (internally).

| ● | Estimated                                
 material cash requirements: $3.8 million |

Q4 2025: Convert one additional client for installation of two systems by the end of 2025. Release of beta version of software to clients.

| ● | Estimated                                
 material cash requirements: $5.0 million |

RET management estimates $40 million capital requirements for its five-year business plan. Such funds are expected to be used to integrate and roll out software for the rain enhancement platform, to deliver additional water services through the “land and expand” client acquisition model, and potential acquisitions of other weather technology.

RET’s business plan assumes that the funds received from the Business Combination will be used for business development, new product development, equipment production and installation, and operations. Since the base technology and products are developed and proven, the increased need for capital will be a function of the growth in customer acquisition and projects. RET management believes that RET’s budget can be easily scaled to the funds actually received, and the targeted funds raised from the Business Combination will enable RET to grow its client base and have the capital necessary to deliver equipment and technology to the newly acquired clients, and develop new products to be added to the RET platform.

In the operating model, RET has assumed a conservative case on the key components of the operating expenses until RET becomes profitable in 2028. Below are the cumulative expenses RET expects to incur