Company: RAIN
Filing Date: 2025-02-12
Form Type: 424B3
Source: 0001213900-25-012904
Chunk: 145

Company: Rain Enhancement Technologies Holdco, Inc.
Filing Date: 2025-02-12
Form: 424B3
Chunk 145
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 the calculation of diluted net income (loss) per share, since the exercise of the warrants are contingent upon the occurrence of future events. As a result, diluted income per share is the same as basic income per share for the periods presented.

Recent Accounting Standards

Management does not believe that any recently issued, but not yet effective, accounting standards, if currently adopted, would have a material effect on our financial statements.

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EXECUTIVE AND DIRECTOR COMPENSATION</div>

Director and Officer Compensation of RET Prior to the Business Combination

This section discusses the material components of the fiscal year 2024 executive compensation programs for the executive officers of RET who were “named executive officers” for 2024. For information regarding the compensation programs of Holdco following the completion of the Business Combination, which may differ materially from the programs summarized or referred to in this discussion, see “- Director and Officer Compensation of Holdco.”

As an emerging growth company and smaller reporting company, SEC rules require that we make compensation disclosure for our principal executive officer and two other most highly compensated executive officers, referred to in this section as our named executive officers.

Introduction

The primary objective of RET’s executive compensation program is to attract and retain talented executives to effectively manage and lead the company.

Our named executive officers for 2024 were:

| ● | Paul                          
 T. Dacier, Executive Chairman |

| ● | Chris                          
 Riley, Chief Executive Officer |

Summary Compensation Table

No named executive officer received compensation for services rendered to us during 2024. RET’s non-employee directors did not receive any compensation from RET during 2024. On August 22, 2024, the RET Board approved the adoption of an equity incentive plan (the “2024 Equity Incentive Plan”). Prior to the Business Combination closing, the 2024 Equity Incentive Plan allowed up to 2,000 shares of RET’s Class A common stock, with an exercise price of not less than 100% of the fair market value on the date the awards are granted.

RET Executive Employment Agreement

On June 26, 2024, RET entered into an employment agreement (the “Employment
Agreement”) with Christopher Riley for the position of Chief Executive Officer. The Employment Agreement was terminated effective
as of January 30, 2025, as discussed in more detail below. While in effect, the Employment Agreement provided for “at-will”
employment and became effective on December 10, 2024 (the “