Company: RAIN
Filing Date: 2025-04-16
Form Type: 10-K
Source: 0001213900-25-032239
Chunk: 308

Company: Rain Enhancement Technologies Holdco, Inc.
Filing Date: 2025-04-16
Form: 10-K
Item: Item 1A
Chunk 308
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 Market LLC under the ticker
“RAINW”. As of December 31, 2024, the fair value measurements for the Warrants were classified as Level 2 due to low trading
volume.

During the fiscal year ended December 31, 2024, there were no transfers
between levels of the fair value hierarchy. During the fiscal year ended December 31, 2023 there were no liabilities measured at fair
value.

Note 8 — Stockholders’
Deficit

According to the Company’s Amended Articles
of Organization, as of December 31, 2024, the Company is authorized to issue 30,000,000 shares of Class A common stock, par value
$0.0001 (“Class A Common Stock”), 1,000,000 shares of Class B common stock, par value $0.0001, and 1,000,000 shares of
preferred stock, par value $0.0001.

Holdco Class A Common Stock entitles the holders
thereof to one vote per share on all matters on which the shares of Holdco Class A Common Stock is entitled to vote, and Holdco Class
B Common Stock entitles the holders thereof to fifteen votes per share on all matters on which the shares of Holdco Class B Common Stock
are entitled to vote. Additionally, for so long as the RWT Founders (Paul T. Dacier, Harry L. You, and Niccolo de Masi, or their affiliates)
hold at least 20% of the number of shares of Holdco Class B Common Stock collectively held by them as of the Closing, the RWT Founders
have rights that are different from unaffiliated shareholders, including the right to fill vacancies on the Holdco Board, to call special
meetings of shareholders, and the Holdco A&R Articles permits action by written consent of the shareholders and requires that amendments
to the Holdco A&R Articles be approved by a majority of the shares of Holdco Common Stock entitled to vote in lieu of two-thirds
of the shares of Holdco Common Stock entitled to vote on the matter.

The Dual Class Structure will terminate on the
date that is five years after completion of the Business Combination, or earlier (i) at the option of the holder at any time, (ii)
automatically on the date on which the RWT Founders or their Permitted Transferees (as defined in the Holdco A&R Articles)