Company: RAIN
Filing Date: 2025-11-13
Form Type: 424B3
Source: 0001213900-25-110123
Chunk: 15

Company: Rain Enhancement Technologies Holdco, Inc.
Filing Date: 2025-11-13
Form: 424B3
Chunk 15
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taken or expected to be taken in a tax return. For those benefits to be recognized, a tax position must be more likely than not to be
sustained upon examination by taxing authorities. There were no unrecognized tax benefits as of September 30, 2025 and December
31, 2024. The Company recognizes accrued interest and penalties related to unrecognized tax benefits as income tax expense. No amounts
were accrued for the payment of interest and penalties as of September 30, 2025 and December 31, 2024. The Company is currently not aware
of any issues under review that could result in significant payments, accruals or material deviation from its position. The Company is
subject to income tax examinations by major tax authorities since inception.

Net Loss Per Common Share

Basic net loss per share of common stock is computed
by dividing net loss by the weighted average number of shares of common stock outstanding during the periods. Diluted net loss per share
is computed by giving effect to all potential shares of common stock, including restricted stock awards (“RSAs”), warrants,
and stock options, to the extent dilutive. Stock options and warrants with exercise prices greater than the average market price of the
Company’s common stock for the period are excluded from the calculation of diluted net income (loss) per share as their inclusion
would be anti-dilutive. For the three and nine months ended September 30, 2025 and 2024, due to a net loss, all potential shares of common
stock were not included in the calculation of dilutive net loss per share as their effect would have been anti-dilutive. As a result,
diluted net loss per share is the same as basic net loss per share for the periods presented.

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RAIN ENHANCEMENT TECHNOLOGIES HOLDCO, INC.

NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

SEPTEMBER 30, 2025</div>

The net loss per share presented in the unaudited
condensed consolidated statements of operations is based on the following for the three and nine months ended September 30, 2025 and 2024:

|                                                      |     | For the three months ended September 30, |            |   |     |         |         |   |     |         |            |   |     |         |         |   |
|                                                      |     |                                     2025 |            |   |