Company: RAIN
Filing Date: 2025-04-16
Form Type: 10-K
Source: 0001213900-25-032239
Chunk: 214

Company: Rain Enhancement Technologies Holdco, Inc.
Filing Date: 2025-04-16
Form: 10-K
Item: Item 1A
Chunk 214
---
 to amend the terms of the Warrants with
the consent of at least 50% of the then outstanding Warrants is unlimited, examples of such amendments could be amendments to, among
other things, increase the exercise price of the Warrants, shorten the exercise period or decrease the number of shares of Common Stock
purchasable upon exercise of a Warrant.

Warrants are exercisable in accordance with the
terms of the Warrant Agreement. The exercise price of these warrants is $11.50 per share. To the extent such Warrants are exercised,
additional shares of Class A Common Stock will be issued, which will result in dilution to the holders of Common Stock and increase the
number of shares eligible for resale in the public market. Sales of substantial numbers of such shares in the public market or the fact
that such warrants may be exercised could adversely affect the market price of Class A Common Stock. However, there is no guarantee that
the Warrants will ever be in the money prior to their expiration, and as such, the Warrants may expire worthless.

35

We may redeem your unexpired Warrants prior
to their exercise at a time that is disadvantageous to you, thereby making your Warrants worthless.

We have the ability to redeem outstanding Warrants
at any time after they become exercisable and prior to their expiration, at a price of $0.01 per warrant, provided that the closing price
of the shares of Class A Common Stock equals or exceeds $18.00 per share (as adjusted for share sub-divisions, share capitalizations,
reorganizations, recapitalizations and the like) for any 20 trading days within a 30 trading-day period ending on the third trading day
prior to the date on which we give proper notice of such redemption to the Warrant holders and provided certain other conditions are
met. We will not redeem the Warrants unless an effective registration statement under the Securities Act covering the shares
issuable upon exercise of the Warrants is effective and a current prospectus relating to those shares is available throughout the 30-day
redemption period, except if we elect to require the Warrants to be exercised on a cashless basis and such cashless exercise is exempt
from registration under the Securities Act. If and when the Warrants become redeemable by us, we may exercise our redemption right
even if we are unable to register or qualify the underlying securities for sale under all applicable state securities laws. Redemption
of the outstanding