Company: RAIN
Filing Date: 2025-04-16
Form Type: 10-K
Source: 0001213900-25-032239
Chunk: 493

Company: Rain Enhancement Technologies Holdco, Inc.
Filing Date: 2025-04-16
Form: 10-K
Item: Item 1C
Chunk 493
---
,000)
  
    Accrued interest - related parties 
     30,247  
     27,041 
  
    Tax payable 
     (225) 
     - 
  
    Net cash used in operating activities 
     (1,322,578) 
     (238,113)

    Cash Flows from Investing Activities: 

    Capital expenditures for equipment 
     (45,828) 
     (264,154)
  
    Net cash used in investing activities 
     (45,828) 
     (264,154)

    Cash Flows from Financing Activities: 

    Proceeds from issuance of RWT Class A common stock 
     740,000  
     - 
  
    Proceeds from issuance of RWT Class B common stock 
     125,000  
     - 
  
    Proceeds from issuance of Holdco Class A common stock in connection with PIPE subscriptions 
     700,000  
     - 
  
    Proceeds from reverse recapitalization 
     3,980,264  

    Payment of deferred financing costs 
     (75,000) 

    Payment of prepaid forward purchase agreements 
     (4,106,599) 

    Proceeds from issuance of common stock 
     -  
     1,998 
  
    Proceeds from issuance of Series A preferred stock 
     -  
     8,000 
  
    Proceeds from note payable 
     -  
     446,910 
  
    Repayment of note payable 
     -  
     (17,296)
  
    Net cash provided by financing activities 
     1,363,665  
     439,612 

    Net change in cash 
     (4,741) 
     (62,655)

    Cash - beginning of the year 
     37,345  
     100,000 
  
    Cash - end of the year 
    $32,604  
    $37,345 

See accompanying notes to the consolidated financial
statements

F-6

Note 1 — Description
of Organization and Business Operations

Description of Business

Rain Enhancement Technologies Holdco, Inc. (the
“Company” or “Holdco”) was formed in Massachusetts to combine unique expertise, personnel, and weather data
to develop, improve and commercial