Company: RAIN
Filing Date: 2025-01-31
Form Type: S-1
Source: 0001213900-25-008536
Chunk: 69

Company: Rain Enhancement Technologies Holdco, Inc.
Filing Date: 2025-01-31
Form: S-1
Chunk 69
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 outstanding options pursuant to the Business Combination Agreement; (iv) 650,120 shares of Class
A Common Stock issued to Harry You and his affiliates upon the closing of the Business Combination as consideration for former Founder
Shares pursuant to the terms of the Business Combination Agreement, which were purchased by Mr. You from the Previous Sponsor in June
2023 for an aggregate purchase price of $1.00 plus the obligation to fund certain contributions to Coliseum’s trust account (Mr.
You funded an aggregate of $650,000 of such contributions); (v) 806,250 shares of Class A Common Stock issued at the closing of the Business
Combination upon the exchange of Private Placement Warrants of Coliseum pursuant to the Warrant Exchange Agreement, and such Private Placement
Warrants were initially purchased at a price of $1.50 per Private Placement Warrant; (vi) 118,556 shares of Class A Common Stock issued
or to be issued to the PIPE Investors pursuant to the terms of the PIPE Subscription Agreements, at a price per share of approximately
$11.39; and (vii) 5,000 shares of Class A Common Stock issued to a vendor as consideration for services rendered. Depending on the price,
the public shareholders may have paid significantly more than the selling shareholders for any shares or Warrants they may have purchased
in the open market based on variable market price.

Despite a significant decline
in the public trading price, some of the selling shareholders may still experience a positive rate of return on the shares being offered
by them in this prospectus due to the price at which such selling shareholder initially purchased the shares. Based upon the closing price
of our Class A Common Stock of $3.89 on January 28, 2025, upon the sale of shares of our Class A Common Stock (i) Harry You may experience
a potential profit of approximately $2.89 per share of the Class A Common Stock issued to him upon the exchange of the former Founder
Shares in the Business Combination, and approximately $2.89 per share of the Class A Common Stock issued to him upon the exchange of the
Coliseum Private Placement Warrants in the Warrant Exchange, (ii) the RET Founders, which includes Harry You, Niccolo de Masi, and Paul
Dacier or their affiliates, may experience a potential profit of approximately $1.83 per share of the Class A Common Stock issued to them
upon the exchange of the RET Class A Common Stock in the