Company: RAIN
Filing Date: 2025-01-03
Form Type: SCHEDULE 13D
Source: 0001104659-25-000973
Chunk: 1

Company: Rain Enhancement Technologies Holdco, Inc.
Filing Date: 2025-01-03
Form: SCHEDULE 13D
Chunk 1
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 Sub 2A, Inc., a Massachusetts corporation and wholly-owned subsidiary of Coliseum ("Merger Sub 2"), pursuant to which, subject to the satisfaction or waiver of certain conditions set forth therein, Coliseum would merge with and into Merger Sub 1, with Merger Sub 1 as the surviving company of such merger (the "SPAC Merger") and, following the SPAC Merger and as a part of the same overall transaction, Merger Sub 2 would merge with and into RET, with RET as the surviving entity of such merger (the "Company Merger" and together with the SPAC Merger and the other transactions contemplated by the Business Combination Agreement, the "Business Combination"). Prior to the Business Combination, Mr. You was the Chairman of the Board of Directors of Coliseum, a shareholder of Coliseum, and a shareholder of RET.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             
 Concurrently with the execution of the Business Combination Agreement, on June 25, 2024, Coliseum, Holdco, RET, Mr. You, Berto, and the other parties thereto entered into a support agreement (the "Sponsor Support Agreement"), pursuant to which Mr. You and Berto agreed to take all actions necessary to complete the Business Combination, to vote in favor of the Business Combination and related transactions and against any other transaction, and to not transfer or redeem shares prior to the closing of the Business Combination. Mr. You also confirmed his agreement to forfeit and surrender for no consideration the Forfeited Shares (as defined below), and waived the anti-dilution rights of the Class B ordinary share, par value $0.001 per share, of Coliseum (the "Coliseum Class B Ordinary Share") held by him and agreed to convert such Coliseum Class B Ordinary Share on a one-to-one basis into one Class A ordinary share, par value $0.001 per share, of Coliseum (the "Coliseum Class A Ordinary Share") immediately prior to the closing of the Business Combination.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     
 On August 23, 2024, RHY Irrevocable Trust (the "Trust"), a trust for which Mr. You is the settlor and investment officer and his son is the beneficiary, entered into a subscription agreement with RET to purchase 135 shares of Class A common stock, par value $0.0001 per share, of RET ("RET Class A Common Stock") and 16 shares of Class B common stock, par value $0