Company: RAIN
Filing Date: 2025-04-25
Form Type: 424B3
Source: 0001213900-25-035587
Chunk: 151

Company: Rain Enhancement Technologies Holdco, Inc.
Filing Date: 2025-04-25
Form: 424B3
Chunk 151
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 Class A Common Stock, at the Warrant Exchange. Accordingly, as a
result of the Warrant Exchange, on the Closing Date, the Company issued an aggregate of 806,250 shares of Class A Common Stock to the
former holders of Coliseum Private Placement Warrants at the Closing and such Coliseum Private Placement Warrants were cancelled and no
longer outstanding.

Line of Credit

On December 30, 2024, in connection with the consummation
of the Business Combination, Holdco entered into the Loan Agreement with RHY, an affiliate of Harry You, pursuant to which RHY committed
to provide Holdco with up to $7 million of new loans. Prior to each drawdown of the Commitment, pursuant to the Loan Agreement, Holdco
must certify to RHY, among other things, that it has used its best efforts to raise equity, equity-linked, or debt financing on terms
available in the market to a similarly-situated company in similar circumstances, and is unable to obtain alternate financing in the amount
of such drawdown. Once amounts are borrowed, they may not be re-borrowed. Additionally, Mr. You agreed to roll over an aggregate of approximately
$3.1 million of loans and advances owed to him or to his affiliates by Coliseum and RWT into the Loan Agreement and such amounts will
be treated for all purposes as loans outstanding pursuant to the Loan Agreement (which, for the avoidance of doubt, does not decrease
the Commitment). Accordingly, the maximum amount which may be borrowed under the Loan Agreement is approximately $10.1 million, inclusive
of the Commitment and rollover amounts.

The Loan Agreement has a two-year period, matures
two years from the date of the Loan Agreement, and outstanding amounts pursuant to the Loan Agreement will accrue interest at an interest
rate of 5%, payable quarterly. Harry You was Coliseum’s chairman of the board and sponsor and a shareholder and lender to RWT prior
to Closing, and is Holdco’s chairman of the Board and a shareholder and lender to Holdco after the Closing.

As of the date of this prospectus, Holdco has borrowed $839,000 under
the Loan Agreement.

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Policies and Procedures for Related Persons Transactions

The Board has adopted a written related person
transaction policy that sets forth the following policies and procedures for the review and approval or ratification of related person
transactions. A “related person transaction”