Company: RAIN
Filing Date: 2025-04-16
Form Type: 10-K
Source: 0001213900-25-032239
Chunk: 19

Company: Rain Enhancement Technologies Holdco, Inc.
Filing Date: 2025-04-16
Form: 10-K
Item: Item 1
Chunk 19
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aterial, which may also impair our business, prospects, financial condition
or operating results. The following discussion should be read in conjunction with our consolidated financial statements and notes to
the consolidated financial statements included herein.

Risks Relating to RWT’s Status as an Emerging Company

RWT has a limited operating history and has not yet generated
any revenues, which makes it difficult to forecast its future results of operations.

As a result of RWT’s limited operating history, its ability to
accurately forecast the future results of operations is limited and subject to a number of uncertainties, including RWT’s ability
to plan for and model future growth. RWT’s ability to generate revenues will largely be dependent on its ability to develop and
improve ionization rainfall generation technology, and market and sell its services and products. RWT’s business model is in the
early stages of development and its technical roadmap may not be realized as quickly as hoped, or even at all. The development of RWT’s
business model will likely require the incurrence of significant costs, while RWT’s revenues will be impacted by technological,
go-to-market, and operational advancements which may not occur on the currently anticipated timetable or at all. Further, in future periods,
RWT’s growth could slow or decline for a number of reasons, including but not limited to slow market acceptance, increased competition,
competing technology, inability to develop, improve or effectively scale up RWT’s technology, a decrease in the growth of the overall
market, government regulation, or RWT’s failure, for any reason, to continue to take advantage of growth opportunities.

RWT will also encounter risks and uncertainties frequently experienced
by growing companies in rapidly changing industries. If RWT’s assumptions regarding these risks and uncertainties and its future
growth are incorrect or change, or if RWT does not address these risks successfully, RWT’s operating and financial results could
differ materially from its expectations, and its business could suffer. RWT’s success as a business ultimately relies upon fundamental
research and development breakthroughs in the coming years and decade. There is no certainty these research and development milestones
will be achieved as quickly as hoped, or even at all.

RWT expects to incur significant expenses and losses for the
foreseeable future.

RWT believes that it will incur operating and net losses until it is
able to grow its one-to-many business model at scale, deliver a robust, sustainable pipeline of clients and acquire long-term, multi-annual
contracts.