Company: RAIN
Filing Date: 2025-11-13
Form Type: 424B3
Source: 0001213900-25-110123
Chunk: 28

Company: Rain Enhancement Technologies Holdco, Inc.
Filing Date: 2025-11-13
Form: 424B3
Chunk 28
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 by law or the plan’s provisions.

As of September 30, 2025, the Company issued 602,320
RSAs under the 2024 Incentive Plan to Mr. Seidl as described above, leaving 144,848 shares reserved and unissued under the plan.

Holdco Preferred Stock

As of September 30, 2025 and December 31, 2024,
there was no preferred shares outstanding, as retroactively restated to reflect the Business Combination.

Holdco Class A Common Stock

As of September 30, 2025 and December 31, 2024,
the Company had an aggregate of 7,528,761 shares (excluding 602,320 restricted stock awards), of Class A Common Stock issued
and outstanding as a result of the conversion and issuance of shares in connection with the closing of the Business Combination as discussed
in the Company’s Annual Report on Form 10-K filed with the SEC on April 16, 2025.

Holdco Class B Common Stock

As of September 30, 2025 and December 31, 2024,
the Company had an aggregate of 57,752 shares of Class B Common Stock issued and outstanding as a result of the conversion of
shares in connection with the closing of the Business Combination as discussed in the Company’s Annual Report on Form 10-K filed
with the SEC on April 16, 2025.

Stock Options

On August 23, 2024, the Company granted 1,433,892 and 716,946 options,
as retroactively restated to reflect the Business Combination, to purchase RWT’s Class A common stock to Harry You and Niccolo
de Masi, respectively. The options expire ten years from the date of grant, had an exercise price of $2.06 and were fully
vested upon the grant date. As of September 30, 2025 and December 31, 2024, the Company had an aggregate of 2,150,838 options
issued and outstanding.

Restricted Stock Awards (RSAs)

RSAs are awards of common stock that are legally
issued and outstanding. RSAs are subject to time-based restrictions on transfer and unvested portions are generally subject to a risk
of forfeiture if the award recipient ceases providing services to the Company prior to the lapse of the restrictions or does not meet
certain performance conditions.

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RAIN ENHANCEMENT TECHNOLOGIES HOLDC