Company: RAIN
Filing Date: 2025-01-31
Form Type: S-1
Source: 0001213900-25-008536
Chunk: 178

Company: Rain Enhancement Technologies Holdco, Inc.
Filing Date: 2025-01-31
Form: S-1
Chunk 178
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,000,000 shares of Class B Common Stock, and 1,000,000 shares of Holdco’s undesignated preferred shares, par value $0.0001 per share.

Common Stock

As of the date of this prospectus,
there are 7,515,588 shares of Class A Common Stock outstanding, 57,752 shares of Class B Common Stock outstanding, 5,000,000 shares of
Class A Common Stock issuable upon the exercise of outstanding Warrants, and 2,150,838 shares of Class A Common Stock issuable upon the
exercise of outstanding Options.

Voting Rights

Class A Common Stock
entitles the holders thereof to one vote per share on all matters on which the shares of Class A Common Stock are entitled to vote,
and Class B Common Stock entitles the holders thereof to fifteen votes per share on all matters on which the shares of Class B
Common Stock are entitled to vote. The Dual Class Structure will terminate on the date that is five years after completion of the Business
Combination, or earlier (i) at the option of the holder at any time, (ii) automatically on the date on which the RET Founders or
their Permitted Transferees (as defined in the Holdco A&R Articles) collectively own twenty percent (20%) or less of the number of
shares of Class B Common Stock collectively held by such persons or their Permitted Transferees immediately after the completion
of the Business Combination, (iii) automatically upon the occurrence of a transfer of Class B Common Stock that is not a Permitted Transfer,
and (iv) automatically on the date specified by the affirmative vote of the holders of Class B Common Stock representing not less than
two-thirds (2/3) of the voting power of the Class B Common Stock.

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Economic Rights

The Class A Common Stock and the Class B Common Stock have identical economic rights, including dividend and liquidation rights. Holders of Class A Common Stock and Class B Common Stock will share equally, identically and ratably, if and when any dividend is declared by the Board out of funds legally available therefor, subject to restrictions, whether statutory or contractual (including with respect to any outstanding indebtedness), on the declaration and payment of dividends and to any restrictions on the payment of dividends imposed by the terms of any outstanding preferred stock or any class or series of stock having a preference over, or the right to participate with