Company: RAIN
Filing Date: 2025-01-31
Form Type: S-1
Source: 0001213900-25-008536
Chunk: 73

Company: Rain Enhancement Technologies Holdco, Inc.
Filing Date: 2025-01-31
Form: S-1
Chunk 73
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 and that the parties deem to not adversely affect the rights of
the registered holders of the warrants, provided that the approval by the holders of at least 50% of the outstanding Warrants is required
to make any change that adversely affects the interests of the registered holders of Warrants. Although Holdco’s ability to amend
the terms of the Warrants with the consent of at least 50% of the then outstanding Warrants is unlimited, examples of such amendments
could be amendments to, among other things, increase the exercise price of the Warrants, shorten the exercise period or decrease the number
of shares of Common Stock purchasable upon exercise of a Warrant.

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Warrants are exercisable
in accordance with the terms of the Warrant Agreement. The exercise price of these warrants is $11.50 per share. To the extent such Warrants
are exercised, additional shares of Class A Common Stock will be issued, which will result in dilution to the holders of Common Stock
and increase the number of shares eligible for resale in the public market. Sales of substantial numbers of such shares in the public
market or the fact that such warrants may be exercised could adversely affect the market price of Class A Common Stock. However,
there is no guarantee that the Warrants will ever be in the money prior to their expiration, and as such, the Warrants may expire worthless.

We may redeem your unexpired Warrants prior to their exercise at a time that is disadvantageous to you, thereby making your Warrants worthless.

We have the ability to redeem
outstanding Warrants at any time after they become exercisable and prior to their expiration, at a price of $0.01 per warrant, provided
that the closing price of the shares of Class A Common Stock equals or exceeds $18.00 per share (as adjusted for share sub-divisions,
share capitalizations, reorganizations, recapitalizations and the like) for any 20 trading days within a 30 trading-day period ending
on the third trading day prior to the date on which we give proper notice of such redemption to the Warrant holders and provided certain
other conditions are met. We will not redeem the Warrants unless an effective registration statement under the Securities Act covering
the shares issuable upon exercise of the Warrants is effective and a current prospectus relating to those shares is available throughout
the 30-day redemption period, except if we elect to require the Warrants to be exercised on a