Company: RAIN
Filing Date: 2025-04-25
Form Type: 424B3
Source: 0001213900-25-035587
Chunk: 226

Company: Rain Enhancement Technologies Holdco, Inc.
Filing Date: 2025-04-25
Form: 424B3
Chunk 226
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borrowed approximately $839,000 under the LOC for working capital needs.

Additionally, On April 1, 2025, the Board, increased the size of the
Board from five to seven directors and appointed Mr. Marcus Peperzak and Mr. Robert Reardon to the Board to fill the resulting vacancies.

In connection with their appointments to the Board, Mr. Reardon and
Mr. Peperzak each entered into the Director Agreements which are the form of agreement adopted by the Board in April 2025 to govern the
terms of service and compensation of the Company’s non-employee directors. Additionally, effective as of April 4, 2025, the Company
entered into Director Agreements with Lyman Dickerson, Alexandra Steele, and Christopher Riley, each non-employee members of the Board.
Pursuant to the terms of the Director Agreements, the Company agreed to pay to each board member (i) subject to approval by the Board
and compensation committee of the Board (the “Compensation Committee”), a cash payment of $12,500 promptly following attendance
at each quarterly Board meeting, for a total annual cash compensation of $50,000; and (ii) subject to approval by the Board and the Compensation
Committee, a grant of restricted stock, with the number of shares and terms to be determined by the Board.

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