Company: RAIN
Filing Date: 2025-02-12
Form Type: 424B3
Source: 0001213900-25-012904
Chunk: 5

Company: Rain Enhancement Technologies Holdco, Inc.
Filing Date: 2025-02-12
Form: 424B3
Chunk 5
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 be treated for all purposes as loans outstanding pursuant to the Loan Agreement
(which, for the avoidance of doubt, does not decrease the Commitment). As of the date of this prospectus, the Company has borrowed $300,000
of the $7 million available funding under the Commitment.

Immediately after giving effect to the Business Combination, there
were 7,471,678 shares of Class A Common Stock outstanding (7,528,761 shares after giving effect to the additional PIPE closings on January
29, 2025 and February 6, 2025), 57,752 shares of Class B Common Stock outstanding, 5,000,000 shares of Class A Common Stock issuable upon
the exercise of outstanding Warrants, and 2,150,838 shares of Class A Common Stock issuable upon the exercise of outstanding Options.

In connection with the Business Combination,
207,510 public holders of Coliseum Class A Ordinary Shares exercised their right to redeem those shares for a pro rata portion of the
cash in the Coliseum trust account, which equaled approximately $11.41 per share, for an aggregate redemption payment of approximately
$2.37 million. Previously, in connection with extensions of the time that Coliseum had to complete its initial business combination,
the following redemptions occurred: (i) in connection with the extension from June 25, 2023 to up to June 25, 2024, 9,121,799 shares
were redeemed at a per share price of approximately $10.38, for an aggregate redemption payment of approximately $94.7 million; (ii)
in connection with the extension from November 25, 2023 to up to September 25, 2024 (which extension removed prior required monthly extension
payments), 3,001,840 shares were redeemed at a per share price of approximately $10.70, for an aggregate redemption payment of approximately
$32.1 million; (iii) in connection with the extension from September 25, 2024 to December 25, 2024, 1,089,249 public shares were redeemed
at a per share price of approximately $11.18 per share, for an aggregate redemption payment of approximately $12.2 million, and (iv)
in connection with the extension from December 25, 2024 to December 31, 2024, 856,188 public shares were redeemed at a per share price
of approximately $11.39