Company: RAIN
Filing Date: 2025-04-25
Form Type: 424B3
Source: 0001213900-25-035587
Chunk: 164

Company: Rain Enhancement Technologies Holdco, Inc.
Filing Date: 2025-04-25
Form: 424B3
Chunk 164
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 own twenty percent (20%) or less of the number of shares of Class B Common Stock collectively held by such persons
or their Permitted Transferees (as defined in the Holdco A&R Articles) immediately after the completion of the Business Combination,
(iii) upon the occurrence of a transfer of Class B Common Stock that is not a Permitted Transfer (as defined in the Holdco A&R Articles),
and (iv) the date specified by the affirmative vote of the holders of Class B Common Stock representing not less than two-thirds (2/3)
of the voting power of the Class B Common Stock.

Preferred Stock

No shares of preferred stock are issued or outstanding as of the date
of this prospectus. The Holdco A&R Articles authorize the Board to establish one or more series of preferred stock. Unless required
by law or any stock exchange, the authorized shares of preferred stock will be available for issuance without further action by the holders
of Common Stock. The Board has the discretion to determine the powers, preferences and relative, participating, optional and other special
rights, including voting rights, dividend rights, conversion rights, redemption privileges and liquidation preferences, of each series
of preferred stock. The issuance of preferred stock may have the effect of delaying, deferring or preventing a change in control of Holdco
without further action by the stockholders. Additionally, the issuance of preferred stock may adversely affect the holders of Common Stock
by restricting dividends on the Common Stock, diluting the voting power of the Common Stock or subordinating the liquidation rights of
the Common Stock. As a result of these or other factors, the issuance of preferred stock could have an adverse impact on the market price
of the Common Stock, restricting dividends on Holdco’s capital stock, diluting the voting power of Common Stock, impairing the liquidation
rights of Holdco’s capital stock, or delaying or preventing a change in control of Holdco. At present, there are no plans to issue
any preferred stock.

Warrants

Each whole Warrant entitles the registered holder to purchase one share
of Class A Common Stock at an initial exercise price of $11.50 per share, subject to adjustment as discussed below, at any time commencing
30 days after the Closing, except as described below. Pursuant to the Warrant Agreement, a warrant holder may exercise its warrants only
for a whole number of shares of Class A Common Stock. This means only a whole Warrant may be exercised at a