Company: RAIN
Filing Date: 2025-04-18
Form Type: POS AM
Source: 0001213900-25-033116
Chunk: 201

Company: Rain Enhancement Technologies Holdco, Inc.
Filing Date: 2025-04-18
Form: POS AM
Chunk 201
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 funds as an increase to cash and a decrease to the “Prepayment Shortfall liability” until the “Prepayment Shortfall Liability” is zero, and then any remaining proceeds received will reduce the receivable previously recorded as contra-equity. The Company incurred no transaction costs that were directly related to issuance of the Forward Purchase Agreement. As of December 31, 2024, the Company recorded the $ 4.1million of Prepayment amount paid at closing within additional paid-in capital and approximately $ 20,000in shortfall payment liability in the accompanying consolidated balance sheet. Public and Private Placement Warrants Prior to Closing, Coliseum had 5,000,000Public Warrants and 3,225,000Private Placement Warrants outstanding. In connection with the Business Combination, as discussed above, an aggregate of 3,225,000Private Placement Warrants were converted into 806,250shares of Holdco Class A Common Stock, and the Public Warrants were exchanged into warrants to purchase 5,000,000of Holdco Class A Common Stock. F-14

Redemption

Prior to the Closing, certain Coliseum public
shareholders exercised their right to redeem certain of their outstanding shares for cash, resulting in the redemption of Coliseum
public shares for an aggregate payment of approximately $ million. After redemptions, there was a total of Coliseum public
shares and an aggregate of approximately $ million remaining in Coliseum Trust Account, and was later converted into Holdco Class
A Common Stock in connection with the Business Combination.

Transaction Proceeds

The following table reconciles the elements of
the Business Combination to the consolidated statements of cash flows and the consolidated statement of changes in stockholders’
equity for the year ended December 31, 2024:

| Cash-Trust Account, net of redemptions                                          |     | $ |  8,251,024 |   |
| Less: transaction costs and professional fees, paid directly from Trust Account |     |   | (4,270,760 | ) |
| Net proceeds received from Trust                                                |     |   |  3,980,264 |   |
| Less: private placement warrant liabilities                                     |     |   |   (350,000 | ) |
| Less: related party notes                                                       |     |   | (2,558,340 | ) |
| Less: accounts payable and accrued expenses                                     |     |   | (2,113,096 | ) |
| Reverse recapitalization, net