Company: RAIN
Filing Date: 2025-01-31
Form Type: S-1
Source: 0001213900-25-008536
Chunk: 268

Company: Rain Enhancement Technologies Holdco, Inc.
Filing Date: 2025-01-31
Form: S-1
Chunk 268
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 value and clarifies the definition of fair value within that framework. ASC 820 defines fair value as an exit price, which is the price that would be received for an asset or paid to transfer a liability in the Company’s principal or most advantageous market in an orderly transaction between market participants on the measurement date. The fair value hierarchy established in ASC 820 generally requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. Observable inputs reflect the assumptions that market participants would use in pricing the asset or liability and are developed based on market data obtained from sources independent of the reporting entity. Unobservable inputs reflect the entity’s own assumptions based on market data and the entity’s judgments about the assumptions that market participants would use in pricing the asset or liability and are to be developed based on the best information available in the circumstances.

The carrying amounts reflected in the balance sheets for cash, prepaid expenses and other current assets, and accounts payable and accrued expenses approximate fair value due to their short-term nature.

| ● | Level 1 — Assets                                                                             
 and liabilities with unadjusted, quoted prices listed on active market exchanges. Inputs     
 to the fair value measurement are observable inputs, such as quoted prices in active markets 
 for identical assets or liabilities.                                                         |

| ● | Level 2 — Inputs                                                                            
 to the fair value measurement are determined using prices for recently traded assets and    
 liabilities with similar underlying terms, as well as direct or indirect observable inputs, 
 such as interest rates and yield curves that are observable at commonly quoted intervals.   |

| ● | Level 3 — Inputs                                                                           
 to the fair value measurement are unobservable inputs, such as estimates, assumptions, and 
 valuation techniques when little or no market data exists for the assets or liabilities.   |

See Note 9 for additional information on assets and liabilities measured at fair value.

<div align='center'>F-45

COLISEUM ACQUISITION CORP.

NOTES TO FINANCIAL STATEMENTS
DECEMBER 31, 2023</div>

Recent Accounting Standards

Management does not believe that any recently issued, but not yet effective, accounting standards, if currently adopted, would have a material effect on the Company’s financial statements.

NOTE 3. INITIAL PUBLIC OFFERING

In the Initial Public Offering, the Company sold 15,000,000 Units at $10.00 per Unit, generating gross proceeds of $150,000,000. Each