Company: RAIN
Filing Date: 2025-04-16
Form Type: 10-K
Source: 0001213900-25-032239
Chunk: 1265

Company: Rain Enhancement Technologies Holdco, Inc.
Filing Date: 2025-04-16
Form: 10-K
Item: Item 8
Chunk 1265
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 financial statements recognition and measurement of tax positions taken or expected to be taken in a tax return.
For those benefits to be recognized, a tax position must be more likely than not to be sustained upon examination by taxing authorities.
There were no unrecognized tax benefits as of December 31, 2024 and 2023. The Company recognizes accrued interest and penalties related
to unrecognized tax benefits as income tax expense. No amounts were accrued for the payment of interest and penalties as of December 31,
2024 and 2023. The Company is currently not aware of any issues under review that could result in significant payments, accruals or material
deviation from its position. The Company is subject to income tax examinations by major taxing authorities since inception.

Net Loss Per Common Share

Net loss per share of common stock is computed
by dividing net loss by the weighted average number of shares of common stock outstanding during the periods. As of December 31, 2024
and 2023, the Company did not have any dilutive securities and other contracts that could, potentially, be exercised or converted into
shares of common stock and then share in the earnings of the Company. As a result, diluted loss per share is the same as basic loss per
share for the periods presented.

The net loss per share presented in the consolidated
statements of operations is based on the following for the years ended December 31, 2024 and 2023:

    For the years ended December 31, 

    2024  
    2023 

    Class A  common stock  
    Class B  common stock  
    Class A  common stock  
    Class B  common stock 
  
    Basic and diluted net loss per common share: 

    Numerator: 

    Allocation of net loss 
    $(4,486,728) 
    $(47,033) 
    $(437,007) 
    $             - 

    Denominator: 

    Basic and diluted weighted average share outstanding 
     1,956,836  
     20,513  
     920,538  
     - 

    Basic and diluted net loss per common share 
    $(2.29) 
    $(2.29) 
    $(0.47) 
    $- 

F-12

Recent Accounting Pronouncements

In November 2023, the FASB issued Accounting Standards Update (“AS