Company: RAIN
Filing Date: 2025-08-14
Form Type: 424B3
Source: 0001213900-25-076764
Chunk: 33

Company: Rain Enhancement Technologies Holdco, Inc.
Filing Date: 2025-08-14
Form: 424B3
Chunk 33
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 Alexandra Steele, and Christopher Riley, each non-employee members of
the Board. Pursuant to the terms of the Director Agreements, we agreed to pay to each board member (i) subject to approval by the Board
and Compensation Committee, a cash payment of $12,500 promptly following attendance at each quarterly Board meeting, for a total
annual cash compensation of $50,000; and (ii) subject to approval by the Board and the Compensation Committee, a grant of restricted stock,
with the number of shares and terms to be determined by the Board.

On February 18, 2025, we received the MVLS Notice
from Nasdaq which notified the Company that, for the 30 consecutive business days ended February 14, 2025, our MVLS closed below the $50,000,000
MVLS threshold required for continued listing on the Nasdaq Global Market under Nasdaq Listing Rule 5450(b)(2)(A).

In accordance with Nasdaq Listing Rule 5810(c)(3)(C),
we have 180 calendar days, or until August 18, 2025, to regain compliance with the MVLS Rule. The MVLS Notice notes that, to regain compliance,
our MVLS must close at or above $50,000,000 for a minimum of ten consecutive business days during the MVLS Compliance Period. The MVLS
Notice further notes that if we are unable to satisfy the MVLS requirement prior to such date, we may be eligible to transfer the listing
of its securities to The Nasdaq Capital Market (provided that we then satisfy the requirements for continued listing on that market).
If we do not regain compliance by the end of the MVLS Compliance Period, Nasdaq staff will provide written notice to us that our securities
are subject to delisting. At that time, we may appeal any such delisting determination to a hearings panel.

Also on February 18, 2025, we received the MVPHS
Notice from Nasdaq that for the 30 consecutive business days ended February 14, 2025, our MVPHS closed below the $15,000,000 MVPHS threshold
required for continued listing on Nasdaq under Nasdaq Listing Rule 5450(b)(2)C).

In accordance with Nasdaq Listing Rule 5810(c)(3)(D),
we have 180 calendar days, or until August 18, 2025, to regain compliance with the MVPHS Rule. The MVPHS Notice notes