Company: RAIN
Filing Date: 2025-01-31
Form Type: S-1
Source: 0001213900-25-008536
Chunk: 84

Company: Rain Enhancement Technologies Holdco, Inc.
Filing Date: 2025-01-31
Form: S-1
Chunk 84
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 prospectus, including, without limitation, all registration and filing fees, Nasdaq listing fees, and fees and expenses of our counsel and our independent registered public accountants.

We will receive the proceeds
from any exercise of the Warrants for cash, but not from the net share exercise of any Warrants or from the resale of any shares of Class
A Common Stock by the selling shareholders pursuant to this prospectus. Each Warrant entitles the holder thereof to purchase one share
of Class A Common Stock at an initial exercise price of $11.50 per share. If each outstanding Warrant is exercised for cash, we will receive
aggregate cash proceeds of $57.5 million. The Warrants are exercisable on a cashless basis under certain circumstances specified in the
Warrant Agreement. To the extent that any Warrants are exercised on a cashless basis, the aggregate amount of cash we would receive from
the exercise of the Warrants will decrease. We believe the likelihood that the holders will exercise their Warrants is dependent upon
the trading price of our Class A Common Stock. If the trading price of our Class A Common Stock is less than the exercise price of the
Warrants, we believe the holders are unlikely to exercise their Warrants. Conversely, the holders are more likely to exercise their Warrants
the higher the prices of our Class A Common Stock is above the exercise price of the Warrant. On January 28, 2025, the closing price of
our Class A Common Stock was $3.89. Accordingly, we believe the holders are unlikely to exercise their Warrants.

We intend to use the proceeds
from the cash exercise of Warrants for general corporate and working capital purposes.

<div align='center'>39

DETERMINATION OF OFFERING PRICE</div>

Our Class A Common Stock and Warrants are listed on Nasdaq under the symbols “RAIN”
and “RAINW,” respectively. The actual offering price of the shares of Class A Common Stock offered by selling shareholders
pursuant to this prospectus will be determined by prevailing market prices at the time of sale, by negotiated private transactions, or
as otherwise described in the section entitled “Plan of Distribution.” The exercise price of the Warrants is $11.50
per share and the exercise price of the Options is $2.06 per share.

<div align='center'>MARKET PRICE OF AND DIVIDENDS ON CLASS A COMMON STOCK</div>

Market Information

Shares of Class A Common Stock and W