Company: RAIN
Filing Date: 2025-08-14
Form Type: 424B3
Source: 0001213900-25-076764
Chunk: 41

Company: Rain Enhancement Technologies Holdco, Inc.
Filing Date: 2025-08-14
Form: 424B3
Chunk 41
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 with Lyman Dickerson, 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 of the Board (the “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. We recognized
an aggregate of $100,000 in connection with such agreement during the three and six months ended June 30, 2025 within general and administrative
expenses in the accompanying unaudited condensed statements of operations. As of June 30, 2025, there has been no grants of restricted
stock.

Termination Letter

As discussed above, pursuant to the Termination
Letter, in lieu of all other compensation and payments of any kind due and payable to Mr. Riley, we agreed to pay Mr. Riley an aggregate
of $124,500, payable in 18 monthly installments beginning in February 2025 in consideration for his past services. We recognized approximately
$21,000 and approximately $35,000 in connection with such agreement during the three and six months ended June 30, 2025, respectively,
within general and administrative expenses in the accompanying unaudited condensed statements of operations. Additionally, conditioned
on approval by the Compensation Committee of the Board, the Termination Letter provides that Mr. Riley will be granted 10,000 shares
of Class A Common Stock vesting one year from the date of grant. As of June 30, 2025, the stock has not been granted.

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Segments

We operate and manage the business as one reportable
and operating segment, which is the business of developing, manufacturing and commercializing ionization rainfall generation technology.
Our chief executive officer, who is the chief operating decision maker, or CODM, reviews financial information on an aggregate basis for
allocating resources and evaluating financial performance.

Off-Balance Sheet Arrangements

We did not have off-balance sheet arrangements
as of June 30, 2025, and do not currently have, any off-balance sheet financing arrangements or any relationships with unconsolidated
entities