Company: RAIN
Filing Date: 2025-04-16
Form Type: 10-K
Source: 0001213900-25-032239
Chunk: 117

Company: Rain Enhancement Technologies Holdco, Inc.
Filing Date: 2025-04-16
Form: 10-K
Item: Item 1
Chunk 117
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 Meteora Capital, LLC serves as investment manager (the “Meteora Funds”). Vikas Mittal serves as the managing member of Meteora Capital, LLC with respect to the ordinary shares held by the Meteora Funds. Mr. Mittal expressly declares that he is not the beneficial owner for the purposes of sections 13(d) or 13(g) of the Securities Act. The principal business office address of each of Meteora Capital, LLC and Mr. Mittal is 1200 N Federal Hwy, #200, Boca Raton, FL 33432.

Securities Authorized for Issuance under Equity Compensation Plans

The following table sets forth certain information at December 31,
2024 with respect to our equity compensation plans that provide for the issuance of options, warrants or rights to purchase our securities:

    Plan Category 
    Number of
 Securities to be Issued upon
 Exercise of Outstanding
 Options, Warrants and
 Rights  
    Weighted-Average Exercise Price of Outstanding
 Options, Warrants and
 Rights  
    Number of
 Securities Remaining
 Available for Future Issuance under Equity
 Compensation Plans (excluding securities reflected
 in the first column) 
  
    Equity Compensation Plans Approved by Security Holders 
     0  
    $                 0  
     747,168 
  
    Equity Compensation Plans Not Approved by Security Holders 
     2,150,838  
    $2.06  
     — 
  
    Total 
     2,150,838  
    $2.06  
     747,168 

As of December 31, 2024, Holdco has 2,150,838 shares of Class A Common
Stock issuable upon the exercise of vested options (“Options”) at an exercise price of $2.06 per share, which were issued
upon the conversion of RWT’s outstanding options pursuant to the Business Combination Agreement.

On December 19, 2024, prior to the consummation of the Business Combination,
Holdco’s sole director and sole shareholder approved the Rain Enhancement Technologies Holdco, Inc. 2024 Equity Incentive Plan,
which authorizes the grant of 747,168 shares of Class A Common Stock for the issuance of awards pursuant to such plan. Awards may be granted
in the form of stock options, stock appreciation rights, restricted stock, deferred stock, and other stock-based awards, to