Company: RAIN
Filing Date: 2025-04-25
Form Type: 424B3
Source: 0001213900-25-035587
Chunk: 182

Company: Rain Enhancement Technologies Holdco, Inc.
Filing Date: 2025-04-25
Form: 424B3
Chunk 182
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 shares acquired by an acquiring person in a control
share acquisition for fair value (which is to be determined in accordance with procedures adopted by the corporation) if (1) no control
share acquisition statement is delivered by the acquiring person or (2) a control share acquisition statement has been delivered and voting
rights were not authorized for such shares by the shareholders in accordance with the applicable provision of the control share acquisitions
statute.

If the voting rights for shares acquired in a control share acquisition
are authorized by a majority of shareholders, and the acquirer has acquired beneficial ownership of a majority or more of all voting power
in the election of directors, then each stockholder of record, other than the acquirer, who has not voted in favor of authorizing voting
rights for the control may demand payment for his or her stock and an appraisal in accordance with M.G.L. chapter 156D.

The Massachusetts control share acquisition statute permits a Massachusetts
corporation to elect not to be governed by the statute’s provisions by including a provision in the corporation’s articles
of organization or bylaws pursuant to which the corporation opts out of the statute.

Chapter 110C of the Massachusetts General Laws (1) subjects an offeror
to certain disclosure and filing requirements before such offeror can proceed with a takeover bid, defined to include any acquisition
of or offer to acquire stock by which, after acquisition, the offeror would own more than 10% of the issued and outstanding equity securities
of a target company and (2) provides that, if a person (together with its associates and affiliates) beneficially owns more than 5% of
the stock of a Massachusetts corporation, such person may not make a takeover bid if during the preceding year such person acquired any
of the subject stock with the undisclosed intent of gaining control of the corporation. The statute contains certain exceptions to these
prohibitions, including if the board of directors approves the takeover bid, recommends it to the corporation’s shareholders and
the terms of the takeover are furnished to shareholders. The validity of Chapter 110C has been called into questioned by a 1982 US Supreme
Court decision that invalidated a similar law in the state of Illinois.

Limitations on Liability and Indemnification of Officers and Directors

The MBCA authorizes corporations to limit or eliminate the personal
liability of directors of corporations and their stockholders for monetary damages for breaches of directors’ fiduciary duties,
subject to certain exceptions. The Holdco A&R Articles