Company: RAIN
Filing Date: 2025-04-16
Form Type: 10-K
Source: 0001213900-25-032239
Chunk: 209

Company: Rain Enhancement Technologies Holdco, Inc.
Filing Date: 2025-04-16
Form: 10-K
Item: Item 1A
Chunk 209
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 options
would be available for immediate resale in the open market.

Certain existing shareholders purchased,
or may purchase, securities in the Company at a price below the current trading price of such securities, and may experience a positive
rate of return based on the current trading price. Future investors in the Company may not experience a similar rate of return.

Certain shareholders in the Company, including
certain of the selling shareholders, acquired, or may acquire, shares of our Class A Common Stock at prices below the current trading
price of our Class A Common Stock and may experience a positive rate of return based on the current trading price.

Under the prospectus dated January 30, 2025, the
Company registered the issuance of 5,000,000 shares of Class A Class A Common Stock, which shares are issuable upon the exercise of 5,000,000
Warrants, and the resale from time to time by the selling shareholders of up to 5,914,057 shares of Class A Common Stock. Such shares
registered for resale included: (i) 2,125,540 shares of Class A Common Stock issued to the former shareholders of RWT, upon the Closing
among the Company, RWT, Coliseum, Merger Sub 1, and Merger Sub 2, as consideration for their shares of Class A common stock
of RWT pursuant to the terms of the Business Combination Agreement, and such shares of RWT Class A common stock were originally purchased
at an effective purchase price of approximately $2.06 per share; (ii) 57,752 shares of Class A Common Stock issuable upon the conversion
of 57,752 shares of Class B Common Stock, par value $0.0001 per share of the Company, issued to the former RWT shareholders upon the Closing
as consideration for their shares of Class B common stock of RWT, and such shares of RWT Class B common stock were originally purchased
at an effective purchase price of approximately $2.16 per share; (iii) 2,150,838 shares of Class A Common Stock issuable upon vested Options
with an exercise price of $2.06 per share, which were issued upon the conversion of RWT’s outstanding options pursuant to the Business
Combination Agreement; (iv) 650,120 shares of Class A Common Stock issued to Harry You and his affiliates upon the Closing as consideration
for former Founder Shares pursuant to the terms of the Business Combination Agreement, which were