Company: RAIN
Filing Date: 2025-01-31
Form Type: S-1
Source: 0001213900-25-008536
Chunk: 23

Company: Rain Enhancement Technologies Holdco, Inc.
Filing Date: 2025-01-31
Form: S-1
Chunk 23
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 share price of approximately $10.70, for an aggregate redemption payment of approximately $32.1
million; (iii) in connection with the extension from September 25, 2024 to December 25, 2024, 1,089,249 public shares were redeemed at
a per share price of approximately $11.18 per share, for an aggregate redemption payment of approximately $12.2 million, and (iv) in connection
with the extension from December 25, 2024 to December 31, 2024, 856,188 public shares were redeemed at a per share price of approximately
$11.39, for an aggregate redemption payment of approximately $9.7 million. In total, an aggregate of 14,276,586 shares were redeemed in
connection with extensions and the business combination, representing approximately 95.2% of the 15,000,000 shares issued in Coliseum’s
initial public offering.

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Of the 5,914,057 shares of
Class A Common Stock that may be sold by the selling shareholders under this prospectus, an aggregate of 5,790,500 shares are subject
to a two-year lockup pursuant to the terms of the Lock-Up Agreement, representing the shares issued asconsideration for the shares of common stock of RET and pursuant to the terms of the Business Combination Agreement, the shares
issued as consideration for former founder shares of Coliseum pursuant to the terms of the Business Combination Agreement, the shares
issued in the Warrant Exchange, and the shares issuable upon exercise of the Options; an aggregate of 5,000 shares are subject to a one-year lock-up pursuant to the terms of an agreement between Holdco and the vendor to whom such shares were issued; and an aggregate of 118,556 shares are not subject to any lockup, representing the shares issued pursuant to the PIPE Subscription Agreement. For more information about the transfer restrictions that apply to the shares being registered for resale hereby, see “ Information About the Offered Shares” and “ Securities Act Restrictions on Resale of Securities – Lock-Up Restrictions.”

The 5,914,057 shares of Class A Common Stock that may be sold
by the selling shareholders under this prospectus represents approximately 78.7% of the 7,515,588 outstanding shares of Class A Common
Stock as of January 30, 2025 and approximately 242.3% of the approximately 2,441