Company: RAIN
Filing Date: 2025-04-16
Form Type: 10-K
Source: 0001213900-25-032239
Chunk: 1785

Company: Rain Enhancement Technologies Holdco, Inc.
Filing Date: 2025-04-16
Form: 10-K
Item: Item 12
Chunk 1785
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 notes that if the Company is unable to satisfy the MVLS requirement
prior to such date, the Company may be eligible to transfer the listing of its securities to The Nasdaq Capital Market (provided that
the Company then satisfies the requirements for continued listing on that market). If the Company does not regain compliance by the end
of the MVLS Compliance Period, Nasdaq staff will provide written notice to the Company that its securities are subject to delisting. At
that time, the Company may appeal any such delisting determination to a hearings panel.

F-7

Also on February 18, 2025, we received written notice (the “MVPHS
Notice”) from Nasdaq that for the 30 consecutive business days ended February 14, 2025, our market value of publicly held shares
(“MVPHS”) closed below the $15,000,000 MVPHS threshold required for continued listing on Nasdaq under Nasdaq Listing Rule
5450(b)(2)C) (the “MVPHS Rule”).

In accordance with Nasdaq Listing Rule 5810(c)(3)(D), we have 180 calendar
days, or until August 18, 2025 (the “MVLS Compliance Period”), to regain compliance with the MVPHS Rule. The MVPHS Notice
notes that, to regain compliance, our MVPHS must close at or above $15,000,000 for a minimum of ten consecutive business days during the
MVPHS Compliance Period. The MVPHS Notice further notes that if we are unable to satisfy the MVPHS requirement prior to such date, we
may be eligible to transfer the listing of its securities to The Nasdaq Capital Market (provided that we then satisfy the requirements
for continued listing on that market). If we do not regain compliance by the end of the MVPHS Compliance Period, Nasdaq staff will provide
written notice to us that our securities are subject to delisting. At that time, we may appeal any such delisting determination to a hearings
panel.

The MVLS Notice and MVPHS Notice are notifications
of deficiency, not of imminent delisting, and have no immediate effect on the listing of the Company’s securities. The Class A Common
Stock and Warrants continue to trade on Nasdaq under the symbols “RAIN” and “RAINW”, respectively.

The Company intends to actively monitor the MVLS
and MVPHS between now and August 18, 2025, and may