Company: RAIN
Filing Date: 2025-02-12
Form Type: 424B3
Source: 0001213900-25-012904
Chunk: 18

Company: Rain Enhancement Technologies Holdco, Inc.
Filing Date: 2025-02-12
Form: 424B3
Chunk 18
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 2025. Discovery Land intends to purchase a minimum of $500,000 of equipment
during the term of the MOU based on agreed-upon pricing, however, Discovery Land is not obligated to purchase any equipment from RET.
Additionally, RET has been engaged in business development discussions with potential customers over the course of the preceding 1.5 years
which has helped it understand the market potential and near-term opportunities.

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RET was incorporated in Delaware
on November 10, 2022, and was later converted into a Massachusetts corporation on April 8, 2024.

The Business Combination and Related Transactions

On December 31, 2024, we completed
the Business Combination. As contemplated by the Business Combination Agreement, the Business Combination was completed as follows: (i)
the SPAC Merger occurred, whereby Coliseum merged with and into Merger Sub 1, with Merger Sub 1 as the surviving company of such merger
and (ii) following the SPAC Merger and as part of the same overall transaction, the Company Merger occurred, whereby Merger Sub 2 merged
with and into RET, with RET as the surviving company of such merger. Following the Closing, the Company holds all of the equity interests of RET and Merger Sub 1.

At the SPAC Merger Effective
Time, by virtue of the SPAC Merger, (i) each issued and outstanding Coliseum Class A Ordinary Share (including the Coliseum Class A Ordinary
Share issued upon conversion of the sole outstanding Coliseum Class B ordinary share but not including any public shares redeemed by public
shareholders) was automatically converted into the right to receive one share of Class A Common Stock, and (ii) the Coliseum Public Warrants
were assumed by the Company and each became a Warrant exercisable for shares of Class A Common Stock in lieu of the Coliseum Class A Ordinary
Shares.

At the Company Merger Effective
Time, by virtue of the Company Merger, (i) each issued and outstanding share of RET Class A Common Stock (after the conversion of RET preferred stock pursuant to its terms, but not including any shares held in the treasury of RET) was converted into approximately 1,434 shares of Class A Common Stock pursuant to the terms of the Business Combination Agreement, (ii) each issued and outstanding share of RET Class B Common Stock (other than any shares held in the treasury of RET) was converted into approximately 1,434