Company: RAIN
Filing Date: 2025-04-16
Form Type: 10-K
Source: 0001213900-25-032239
Chunk: 812

Company: Rain Enhancement Technologies Holdco, Inc.
Filing Date: 2025-04-16
Form: 10-K
Item: Item 4
Chunk 812
---
 
    $8,251,024 
  
    Less: transaction costs and professional fees, paid directly from Trust Account 
     (4,270,760)
  
    Net proceeds received from Trust 
     3,980,264 
  
    Less: private placement warrant liabilities 
     (350,000)
  
    Less: related party notes 
     (2,558,340)
  
    Less: accounts payable and accrued expenses 
     (2,113,096)
  
    Reverse recapitalization, net 
    $(1,041,172)

The number of shares of Common Stock issued immediately
following the consummation of the Business Combination were:

    Class A 
Common Stock  
    Class B 
Common Stock 
  
    Coliseum Public Shares, outstanding prior to the Business Combination 
     1,787,112  
     - 
  
    Less: Redemption of Coliseum Class A common stock 
     (1,063,698) 
     - 
  
    Public shares of Coliseum, including 361,556 shares subject to the Forward Purchase Agreement (as described below) 
     723,414  
     - 
  
    Coliseum Founder Shares, outstanding prior the Business Combination 
     3,750,000  
     - 
  
    Coliseum Private Placement Warrants converted to Class A Common shares 
     806,250  
     - 
  
    Business Combination shares 

    RWT Shares 
     2,125,539  
     57,752 
  
    Issuance of shares in connection with PIPE 
     118,557  
     - 
  
    Class A common stock issued for services 
     5,000  
     - 
  
    Common Stock immediately after the Business Combination 
     7,528,761  
     57,752 

The number of RWT shares was determined as follows:

    Legacy 
RWT Shares  
    RWT Shares after conversion ratio 
  
    Preferred Stock 
     1,232  
     1,766,554 
  
    Class A Common Stock 
     250  
     358,985 
  
    Class B Common Stock 
     40  
     57,752 
  
    Total 
     1,522  
     2,183,291 

F-15

Note 4 —�