Company: RAIN
Filing Date: 2025-04-16
Form Type: 10-K
Source: 0001213900-25-032239
Chunk: 1170

Company: Rain Enhancement Technologies Holdco, Inc.
Filing Date: 2025-04-16
Form: 10-K
Item: Item 7A
Chunk 1170
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     - 
  
    Subscription receivable 
     650,000  
     - 
  
    Total current assets 
     769,939  
     45,481 
  
    Equipment 
     414,034  
     368,206 
  
    Intangible assets, net 
     92,427  
     104,102 
  
    Total Assets 
    $1,276,400  
    $517,789 

    Liabilities and Stockholders’ Deficit: 

    Current liabilities: 

    Accounts payable 
    $1,946,931  
    $505,383 
  
    Accrued expenses 
     700,000  
     10,750 
  
    Line of credit - related party 
     3,110,149  
     - 
  
    Note payable and advances from related parties 
     400,000  
     611,265 
  
    Accrued interest - related parties 
     38,192  
     27,041 
  
    Tax payable 
     -  
     225 
  
    Shortfall payment liability 
     20,636  
     - 
  
    Total current liabilities 
     6,215,908  
     1,154,664 
  
    Derivative warrant liabilities 
     350,000  
     - 
  
    Total liabilities 
     6,565,908  
     1,154,664 

    Commitments and Contingencies 

    Stockholders’ Deficit: 

    Preferred stock, $0.0001 par value; 1,000,000 shares authorized, respectively; no shares issued and outstanding as of December 31, 2024 and 2023 
     -  
     - 
  
    Class A common stock, $0.0001 par value; 30,000,000 shares authorized; 7,528,761 and 1,766,554 shares issued and outstanding as of December 31, 2024 and 2023, respectively 
     753  
     177 
  
    Class B common stock, $0.0001 par value; 1,000,000 shares authorized; 57,752 and 0 shares issued and outstanding as of December 31, 2024 and 2023, respectively 
     6