Company: RAIN
Filing Date: 2025-01-31
Form Type: S-1
Source: 0001213900-25-008536
Chunk: 184

Company: Rain Enhancement Technologies Holdco, Inc.
Filing Date: 2025-01-31
Form: S-1
Chunk 184
---
 the number of shares deliverable
upon exercise of a warrant immediately prior to such adjustment and the denominator of which is the number of shares deliverable upon
exercise of a warrant as so adjusted. The number of shares in the table below shall be adjusted in the same manner and at the same time
as the number of shares issuable upon exercise of a Warrant. If the exercise price of a warrant is adjusted, (a) in the case of an
adjustment pursuant to the fifth paragraph under the heading “— Anti-dilution Adjustments” below, the adjusted share
prices in the column headings will equal the unadjusted share price multiplied by a fraction, the numerator of which is the higher of
the Market Value and the Newly Issued Price as set forth under the heading “— Anti-dilution Adjustments” and the denominator
of which is $10.00 and (b) in the case of an adjustment pursuant to the second paragraph under the heading “— Anti-dilution
Adjustments” below, the adjusted share prices in the column headings will equal the unadjusted share price less the decrease in
the exercise price of a warrant pursuant to such exercise price adjustment.

| Redemption                        
 Date                              |     |                                 Fair 
 Market Value of Class A Common Stock |     |        |     |        |     |        |     |        |     |        |     |        |     |        |     |         |
| (period                           
 to expiration of Holdco Warrants) |     |                              <$10.00 |     | $11.00 |     | $12.00 |     | $13.00 |     | $14.00 |     | $15.00 |     | $16.00 |     | $17.00 |     | ≥$18.00 |
| 60                                
 months                            |     |                                0.261 |     |  0.281 |     |  0.297 |     |  0.311 |     |  0.324 |     |  0.337 |     |  0.348 |     |  0.358 |     |   0.361 |
| 57                                
 months                            |     |                                0.257 |     |  0.277 |     |  0.294 |     |  0.310 |     |  0.324 |     |  0.337 |     |  0.348