Company: RAIN
Filing Date: 2025-05-16
Form Type: 424B3
Source: 0001213900-25-044498
Chunk: 18

Company: Rain Enhancement Technologies Holdco, Inc.
Filing Date: 2025-05-16
Form: 424B3
Chunk 18
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0.0001 per share (“Holdco Class B Common Stock”               
 and together with the Holdco Class A Common Stock, the “Holdco Common Stock”),                 
 equal to the Exchange Ratio. The “Exchange Ratio” was approximately 1,434 shares               
 of Holdco Common Stock for every outstanding share of RWT’s common stock. Following            
 the Closing, an aggregate of 1,232 shares of RWT’s preferred stock and 250 shares              
 of RWT’s Class A common stock were converted into 2,125,539 shares of Holdco                   
 Class A Common Stock, and an aggregate of 40 shares of RWT’s Class B common                    
 stock were converted into 57,752 shares of the Company’s Class B Common Stock.                 |

| f) | At Closing, each of the 1,500 RWT                                                                   
 stock options outstanding was converted into 2,150,838  stock options of the Company                
 on the same terms and conditions as were in effect with respect to RWT option immediately           
 prior to Closing, except that the exercise price per share of such Company option is equal          
 to the quotient of (x) the exercise price per share of such RWT option in effect immediately        
 prior to Closing divided by (y) the Exchange Ratio (the exercise price per share, as so determined, 
 being rounded up to the nearest full cent), which is equal to an exercise price of $2.06 per        
 share.                                                                                              |

PIPE Subscriptions

In connection with the Business Combination, in
December 2024, Holdco entered into subscription agreements (collectively, the “PIPE Subscription Agreements”) with certain
investors and related parties to sell an aggregate of 118,558 shares of Holdco Class A Common Stock at $11.39 per share, for a total
of $1.35 million. Of this, Holdco received $700,000 of the PIPE Investment and recorded a subscription receivable of $650,000 on
the consolidated balance sheet as of December 31, 2024. The subscription receivable was collected in full by February 6, 2025.

Forward Purchase Agreement with Meteora

On December 30, 2024, Holdco entered into a forward
purchase agreement (the “Forward Purchase Agreement”) with Meteora Capital Partners, LP and affiliated funds (“Meteora”)
for an OTC equity prepaid forward transaction. An aggregate of 361,858 shares of Holdco Class A Common Stock (