Company: RAIN
Filing Date: 2025-04-25
Form Type: 424B3
Source: 0001213900-25-035587
Chunk: 208

Company: Rain Enhancement Technologies Holdco, Inc.
Filing Date: 2025-04-25
Form: 424B3
Chunk 208
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lives is recognized in the statements of operations and in the expense category that is consistent with the function of the intangible
assets.

Intangible assets with finite lives are tested
for impairment whenever events or changes in circumstances indicate the carrying amount may not be recoverable. These conditions may
include a change in the extent or manner in which the asset is being used or a change in future operations. The Company assesses the
recoverability of the carrying amount by preparing estimates of future revenue, margins, and cash flows. If the sum of expected future
cash flows (undiscounted and without interest charges) is less than the carrying amount, an impairment loss is recognized. The impairment
loss recognized is the amount by which the carrying amount exceeds the fair value of the asset. Fair value of these assets may be determined
by a variety of methodologies, including discounted cash flow models. As of December 31, 2024 and 2023, the Company did not have any
intangible assets with indefinite useful lives.

Stock Compensation

The Company’s policy is to account for
stock-based compensation expense in accordance with FASB ASC Topic 718, “Compensation-Stock Compensation” (“ASC 718”).
Under ASC 718, stock-based compensation associated with equity awards is measured at fair value upon the grant date and recognized over
the requisite service period. To the extent a stock-based award is subject to a performance condition, the amount of expense recorded
in a given period, if any, reflects an assessment of the probability of achieving such performance condition, with compensation recognized
once the event is deemed probable to occur. Forfeitures are recognized as incurred.

Leases

The Company complies with FASB ASC Topic 842,
“Leases”. The Company may enter into leases for facilities and office equipment. The lease liabilities will be recognized
as the present value of the future minimum lease payments over the lease term. The lease payments may consist of fixed and in-substance
fixed amounts attributable to the use of the underlying asset over the lease term. Variable lease payments that do not depend on an index
rate or are not in-substance fixed payments are excluded in the measurement of right-of-use assets and lease liabilities and are expensed
in the period incurred. Some of the lease agreements may include options to extend the lease term or terminate the lease. These options
would be accounted for in our right-of-use assets and lease liabilities when it is reasonably certain that the Company will extend the
lease term