Company: RAIN
Filing Date: 2025-04-16
Form Type: 10-K
Source: 0001213900-25-032239
Chunk: 210

Company: Rain Enhancement Technologies Holdco, Inc.
Filing Date: 2025-04-16
Form: 10-K
Item: Item 1A
Chunk 210
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 purchased by Mr. You from the Previous
Sponsor in June 2023 for an aggregate purchase price of $1.00 plus the obligation to fund certain contributions to Coliseum’s trust
account (Mr. You funded an aggregate of $650,000 of such contributions); (v) 806,250 shares of Class A Common Stock issued at the Closing
upon the exchange of Private Placement Warrants of Coliseum pursuant to the Warrant Exchange Agreement, and such Private Placement Warrants
were initially purchased at a price of $1.50 per Private Placement Warrant; (vi) 118,557 shares of Class A Common Stock issued or to be
issued to the PIPE Investors pursuant to the terms of the PIPE Subscription Agreements, at a price per share of approximately $11.39;
and (vii) 5,000 shares of Class A Common Stock issued to a vendor as consideration for services rendered. Depending on the price, the
public shareholders may have paid significantly more than the selling shareholders for any shares or Warrants they may have purchased
in the open market based on variable market price.

33

Despite a significant decline in the public
                                                                                              trading price, some of the selling shareholders named in such prospectus may still experience a positive rate of return on the
                                                                                              shares being offered by them due to the price at which such selling shareholder initially purchased the shares. Based upon the
                                                                                              closing price of our Class A Common Stock of $2.68 on April 14, 2025, upon the sale of shares of our Class A Common Stock (i) Harry
                                                                                              You may experience a potential profit of approximately $1.68 per share of the Class A Common Stock issued to him upon the exchange
                                                                                              of the former Founder Shares in the Business Combination, and approximately $1.68 per share of the Class A Common Stock issued to
                                                                                              him upon the exchange of the Coliseum Private Placement Warrants in the Warrant Exchange, (ii) the RWT Founders, which includes
                                                                                              Harry You, Niccolo de Masi, and Paul Dacier or their affiliates, may experience a potential profit of approximately $0.62 per share
                                                                                              of the Class A Common Stock issued to them upon the exchange of the RWT Class A Common Stock in the Business Combination, a
                                                                                              potential profit of approximately $0.52 per share of the Class A Common Stock issuable upon the conversion of the Class B Common Stock