Company: RAIN
Filing Date: 2025-04-16
Form Type: 10-K
Source: 0001213900-25-032239
Chunk: 1395

Company: Rain Enhancement Technologies Holdco, Inc.
Filing Date: 2025-04-16
Form: 10-K
Item: Item 9A
Chunk 1395
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 other securities or other property) subject to an award,
the exercise or strike price of an award, or any applicable performance measure, and may provide for the substitution or assumption of
outstanding awards in a manner that substantially preserves the terms of such awards, the acceleration of the exercisability or lapse
of restrictions applicable to outstanding awards and the cancellation of outstanding awards in exchange for the consideration received
by stockholders of Holdco in connection with such transaction.

Item 12. Security Ownership of Certain
Beneficial Owners and Management and Related Stockholder Matters.

The following table sets forth beneficial
ownership of Class A Common Stock and Class B Common Stock by:

    ●
    each person who is known to be the beneficial owner of more than 5% of the outstanding shares of Class A Common Stock or Class B Common Stock;

    ●
    Each of Holdco’s current named executive officers and directors; and

    ●
    All executive officers and directors of Holdco, as a group.

The information below
is based on an aggregate of 7,528,761 shares of Class A Common Stock and 57,752 shares of Class B Common Stock issued and outstanding
as of April 15, 2025. Beneficial ownership is determined according to the rules of the SEC, which generally provide that a person has beneficial
ownership of a security if he, she, or it possesses sole or shared voting or investment power over that security, including options, warrants,
and other derivative securities that are currently exercisable or exercisable within 60 days. In the table below, shares issuable upon
the exercise of Options that are currently exercisable or exercisable within 60 days are considered outstanding and beneficially owned
by the person holding such Options for the purpose of computing the percentage ownership of that person but are not treated as outstanding
for the purpose of computing the percentage ownership of any other person. Accordingly, percentages presented in the table may not sum
to 100%.

Voting power represents the combined voting
power of shares of Class A Common Stock and Class B Common Stock owned beneficially by such person. On all matters to be voted upon, holders
of Class A Common Stock will be entitled to cast one vote per share and holders of Class B Common Stock will be entitled to cast 15 votes
per share. Generally, holders of all classes of common stock vote together as a single class.

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Unless otherwise indicated, Holdco believes
that all persons named in the table below have sole voting and investment