Company: RAIN
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001213900-25-044438
Chunk: 69

Company: Rain Enhancement Technologies Holdco, Inc.
Filing Date: 2025-05-15
Form: 10-Q
Item: Part I, Item 8
Chunk 69
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 has
access to funds under the LOC. Additionally, an existing shareholder, Mr. You, has pledged financial support as necessary and has
the financial ability to provide such funds, that are sufficient to fund the working capital needs of the Company over the next
twelve months from the date of issuance of these unaudited condensed consolidated financial statements.

Risks and Uncertainties

Various macroeconomic, geopolitical and regulatory
uncertainties and challenges pose risks to economic conditions in the U.S. and globally, including, among others, any resurgence in inflation;
changes to trade and tariff, immigration, energy and other policies resulting from the new U.S. administration; changes in interest rate
policies; the Russia-Ukraine war; conflicts in the Middle East; and economic conditions and tensions involving China.

Any of the above mentioned factors, or any other
negative impact on the global economy, capital markets or other geopolitical conditions resulting from the Russian invasion of Ukraine,
the escalation of the Israel-Hamas conflict and subsequent sanctions or related actions, could adversely affect the Company’s business,
financial and operating results.

Note 2 — Summary of Significant
Accounting Policies

Basis of Consolidation and Presentation

The unaudited condensed consolidated financial
statements include the accounts of the Company and its wholly-owned subsidiaries: Rainwater Acquisition Corp (f.k.a Merger Sub 1) and
RWT. All significant intercompany accounts and transactions have been eliminated.

7

RAIN ENHANCEMENT TECHNOLOGIES HOLDCO, INC.

NOTES TO UNAUDITED CONDENSED
CONSOLIDATED FINANCIAL STATEMENTS

MARCH 31, 2025

The unaudited condensed consolidated financial
statements are presented in U.S. dollars in conformity with accounting principles generally accepted in the United States of America
(“U.S. GAAP”) and pursuant to the rules and regulations of the U.S. Securities and Exchange Commission (the “SEC”)
for interim financial information. Certain disclosures normally included in financial statements have been condensed or omitted from
these unaudited condensed consolidated financial statements as they are not required for interim financial statements under GAAP and
the rules of the SEC. Accordingly, these unaudited condensed consolidated financial statements do not include all the information and
footnotes necessary for a comprehensive presentation of financial position, results of operations, or cash flows. In the opinion of management,
all adjustments (consisting of normal accruals) considered for a fair presentation of the financial position