Company: RAIN
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001213900-25-110062
Chunk: 17

Company: Rain Enhancement Technologies Holdco, Inc.
Filing Date: 2025-11-13
Form: 10-Q
Item: Part I, Item 1
Chunk 17
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5 and December 31, 2024. The Company is currently not aware
of any issues under review that could result in significant payments, accruals or material deviation from its position. The Company is
subject to income tax examinations by major tax authorities since inception.

Net Loss Per Common Share

Basic net loss per share of common stock is computed
by dividing net loss by the weighted average number of shares of common stock outstanding during the periods. Diluted net loss per share
is computed by giving effect to all potential shares of common stock, including restricted stock awards (“RSAs”), warrants,
and stock options, to the extent dilutive. Stock options and warrants with exercise prices greater than the average market price of the
Company’s common stock for the period are excluded from the calculation of diluted net income (loss) per share as their inclusion
would be anti-dilutive. For the three and nine months ended September 30, 2025 and 2024, due to a net loss, all potential shares of common
stock were not included in the calculation of dilutive net loss per share as their effect would have been anti-dilutive. As a result,
diluted net loss per share is the same as basic net loss per share for the periods presented.

10

RAIN ENHANCEMENT TECHNOLOGIES HOLDCO, INC.

NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL
STATEMENTS

SEPTEMBER 30, 2025

The net loss per share presented in the unaudited
condensed consolidated statements of operations is based on the following for the three and nine months ended September 30, 2025 and 2024:

    For the three months ended September 30, 

    2025  
    2024 

    Class A common stock  
    Class B common stock  
    Class A  common stock  
    Class B  common stock 
  
    Basic and diluted net loss per common share: 

    Numerator: 

    Allocation of net loss 
    $(2,183,435) 
    $(16,749) 
    $(2,970,269) 
    $(37,377)

    Denominator: 

    Basic and diluted weighted average share outstanding 
     7,528,761  
     57,752  
     636,488  
     8,009 

    Basic and diluted net loss per common share