Company: RAIN
Filing Date: 2025-04-16
Form Type: 10-K
Source: 0001213900-25-032239
Chunk: 173

Company: Rain Enhancement Technologies Holdco, Inc.
Filing Date: 2025-04-16
Form: 10-K
Item: Item 1A
Chunk 173
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Item 1A. Risk Factors 

You should carefully consider the following
risk factors in addition to the other information included in this Annual Report, including matters addressed in the section entitled
“Cautionary Statement Regarding Forward-Looking Statements and Risk Factor Summary.” We may face additional risks and uncertainties
that are not presently known to us, or that we currently deem immaterial, which may also impair our business, prospects, financial condition
or operating results. The following discussion should be read in conjunction with our consolidated financial statements and notes to
the consolidated financial statements included herein.

Risks Relating to RWT’s Status as an Emerging Company

RWT has a limited operating history and has not yet generated
any revenues, which makes it difficult to forecast its future results of operations.

As a result of RWT’s limited operating history, its ability to
accurately forecast the future results of operations is limited and subject to a number of uncertainties, including RWT’s ability
to plan for and model future growth. RWT’s ability to generate revenues will largely be dependent on its ability to develop and
improve ionization rainfall generation technology, and market and sell its services and products. RWT’s business model is in the
early stages of development and its technical roadmap may not be realized as quickly as hoped, or even at all. The development of RWT’s
business model will likely require the incurrence of significant costs, while RWT’s revenues will be impacted by technological,
go-to-market, and operational advancements which may not occur on the currently anticipated timetable or at all. Further, in future periods,
RWT’s growth could slow or decline for a number of reasons, including but not limited to slow market acceptance, increased competition,
competing technology, inability to develop, improve or effectively scale up RWT’s technology, a decrease in the growth of the overall
market, government regulation, or RWT’s failure, for any reason, to continue to take advantage of growth opportunities.

RWT will also encounter risks and uncertainties frequently experienced
by growing companies in rapidly changing industries. If RWT’s assumptions regarding these risks and uncertainties and its future
growth are incorrect or change, or if RWT does not address these risks successfully, RWT’s operating and financial results could
differ materially from its expectations, and its business could suffer. RWT’s success as a business ultimately relies upon fundamental
research and development breakthroughs in the coming years and decade. There is no certainty these research and development milestones
will