Company: RAIN
Filing Date: 2025-04-25
Form Type: 424B3
Source: 0001213900-25-035587
Chunk: 121

Company: Rain Enhancement Technologies Holdco, Inc.
Filing Date: 2025-04-25
Form: 424B3
Chunk 121
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 of December 31, 2024 and 2023, we did not have any intangible assets with indefinite
useful lives.

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Stock Compensation

Our policy is to account for stock-based compensation
expense in accordance with FASB ASC Topic 718, “Compensation-Stock Compensation” (“ASC 718”). Under ASC 718, stock-based
compensation associated with equity awards is measured at fair value upon the grant date and recognized over the requisite service period.
To the extent a stock-based award is subject to a performance condition, the amount of expense recorded in a given period, if any, reflects
an assessment of the probability of achieving such performance condition, with compensation recognized once the event is deemed probable
to occur. Forfeitures are recognized as incurred.

Recent Accounting Pronouncements

In November 2023, the FASB issued Accounting Standards
Update (“ASU”) 2023-07, “Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures”. The amendments
in this ASU expand public entities’ segment disclosures by requiring disclosure of significant segment expenses that are regularly
provided to the Chief Operating Decision Maker and included within each reported measure of segment profit or loss, an amount and description
of its composition for other segment items, and interim disclosures of a reportable segment’s profit or loss and assets. We adopted
ASU 2023-07, which did not have a material impact on the consolidated financial statements.

In December 2023, the FASB issued ASU No. 2023-09
(Topic 740), Improvements to Income Tax Disclosures. The ASU requires disaggregated information about a reporting entity’s
effective tax rate reconciliation as well as an expansion of other income tax disclosures. The ASU is effective on a prospective basis
for annual reporting periods beginning after December 15, 2024. We are currently evaluating the impact this ASU will have on our
consolidated financial statements and related disclosures.

Emerging Growth Company Status

Holdco is an emerging growth company, as defined
in Section 2(a) of the Securities Act, as modified by the Jumpstart Our Business Startups Act of 2012 (the “JOBS Act”).
Section 102(b)(1) of the JOBS Act exempts emerging growth companies from being required to comply with new or revised financial
accounting standards until private companies (that is, those that have not had a