Company: RAIN
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001213900-25-110062
Chunk: 68

Company: Rain Enhancement Technologies Holdco, Inc.
Filing Date: 2025-11-13
Form: 10-Q
Item: Part I, Item 8
Chunk 68
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 going concern within
one year after the date that the financial statements are issued. This assessment considers the Company’s current cash position,
projected cash requirements, and its ability to obtain additional funding.

As of September 30, 2025, the Company had approximately
$237,000 in cash and had a working capital deficit of approximately $10.1 million. The Company expects to continue incurring expenses
as it scales its operations and begins to generate revenue. While the Company intends to fund future operations using available capacity
under its LOC (as defined in Note 6) and projected cash flows from operations, the absence of revenue to date raises substantial doubt
about its ability to continue as a going concern.

Management’s plans to address this uncertainty
include reducing expenditures and seeking additional financing through debt, equity, or a combination of both. However, there is no assurance
that such funding will be available on acceptable terms, or at all.

Accordingly, management has determined that the
Company does not have sufficient liquidity to meet its anticipated obligations over the next year from the date of issuance of these unaudited
condensed consolidated financial statements. The unaudited condensed consolidated financial statements included in this Quarterly Report
on Form 10-Q do not include any adjustments that might result from the outcome of this uncertainty.

Risks and Uncertainties

Various macroeconomic, geopolitical and regulatory
uncertainties and challenges pose risks to economic conditions in the U.S. and globally, including, among others, any resurgence in inflation;
supply chain interruptions; increased cyberattacks against U.S. companies; changes to trade and tariff, immigration, energy and other
policies resulting from the new U.S. administration; changes in interest rate policies; the Russia-Ukraine war; conflicts in the Middle
East including the escalation of the Israel-Hamas conflict and continuing tensions between Israel and the U.S. with Iran; and economic
conditions and tensions involving China.

6

RAIN ENHANCEMENT TECHNOLOGIES HOLDCO, INC.

NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL
STATEMENTS

SEPTEMBER 30, 2025

Any of the above mentioned factors, or any other
negative impact on the global economy, capital markets or other geopolitical conditions, and subsequent sanctions or related actions,
instability, volatility or lack of liquidity in the financial markets, could adversely affect the Company’s business, financial
and operating results.

Note 2 — Summary of Significant