Company: RAIN
Filing Date: 2025-11-13
Form Type: 424B3
Source: 0001213900-25-110123
Chunk: 24

Company: Rain Enhancement Technologies Holdco, Inc.
Filing Date: 2025-11-13
Form: 424B3
Chunk 24
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mination Letter provides that Mr. Riley will be granted 10,000 shares of Class A Common Stock of the Company vesting one year from
the date of grant. As of September 30, 2025, the stock has not been granted.

Note 7 — Warrants

As of September 30, 2025 and December 31, 2024,
the Company has 5,000,000 warrants to purchase Holdco Class A Common Stock (“Warrants”) outstanding, which was the
rollover of the 5,000,000 Coliseum Public Warrants upon closing of the Business Combination. The Warrants may only be exercised
for a whole number of shares. No fractional shares will be issued upon exercise of the Warrants. The Warrants became exercisable on January
31, 2025 and will expire on December 31, 2029 at 5:00 p.m., New York City time, or earlier upon liquidation. Each Warrant entitles
the holder thereof to purchase one share of Class A Common Stock at an initial exercise price of $11.50 per share and exercisable
on a cashless basis under certain circumstances specified in the warrant agreement.

The Warrants are derivative warrant liabilities
in accordance with ASC 815. Accordingly, the Company recognizes the warrant instruments as liabilities at fair value and adjusts the instruments
to fair value at each reporting period. The warrant liabilities are subject to re-measurement at each balance sheet date. With each such
re-measurement, the warrant liabilities are adjusted to current fair value, with the change in fair value recognized in the Company’s
statements of operations. The Company will reassess the classification at each balance sheet date. If the classification changes as a
result of events during the period, the warrants will be reclassified as of the date of the event that causes the reclassification. Refer
to Note 7 for additional information on the fair value measurements of these warrants.

<div align='center'>15

RAIN ENHANCEMENT TECHNOLOGIES HOLDCO, INC.

NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

SEPTEMBER 30, 2025</div>

Note 8 — Fair Value Measurements

Financial liabilities measured at fair value during
the periods on a recurring basis consisted of the following as of September 30, 2025 and December 31, 2024:

September 30, 2025

| Financial liabilities:              |     |