Company: RAIN
Filing Date: 2025-04-16
Form Type: 10-K
Source: 0001213900-25-032239
Chunk: 1383

Company: Rain Enhancement Technologies Holdco, Inc.
Filing Date: 2025-04-16
Form: 10-K
Item: Item 9A
Chunk 1383
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ate, and at least one member of the audit committee must qualify as an “audit committee financial expert”
as defined in applicable SEC rules and must have accounting or related financial management expertise. The Board has determined that each
member of the audit committee is independent under Nasdaq listing rules and Rule 10A-3 of the Exchange Act, is financially literate and
that Lyman Dickerson and Bob Reardon each qualifies as an “audit committee financial expert” as defined by applicable SEC
rules.

The purpose of the audit
committee is to prepare the audit committee report required by the SEC to be included in Holdco’s annual meeting proxy statement
and to assist the Board in overseeing and monitoring (1) the quality and integrity of the financial statements, (2) compliance with legal
and regulatory requirements, (3) Holdco’s independent registered public accounting firm’s qualifications and independence,
(4) the performance of Holdco’s internal audit function and (5) the performance of Holdco’s independent registered public
accounting firm.

The Board has adopted
a written charter for the audit committee, which is available on Holdco’s website.

Compensation Committee

Holdco has a compensation
committee, consisting of solely independent directors. The compensation committee consists of Alexandra Steele and Lyman Dickerson. The
Board has determined that each of the members of the compensation committee is a non-employee director, as defined in Rule 16b-3 promulgated
under the Exchange Act and satisfies the independence requirements of Nasdaq.

The purpose of the compensation
committee is to assist the Board in discharging its responsibilities relating to (1) setting Holdco’s compensation program and compensation
of its executive officers and directors, (2) monitoring Holdco’s incentive and equity-based compensation plans, (3) approving and
modifying, as needed, clawback policies allowing Holdco to recoup improper compensation paid to employees, and (4) preparing the compensation
committee report required to be included in Holdco’s proxy statement under the rules and regulations of the SEC.

The Board has adopted
a written charter for the compensation committee which is available on Holdco’s website.

56

Nominating and Corporate
Governance Committee

Holdco has a nominating
and corporate governance committee, consisting solely of independent directors. The nominating and corporate governance committee consists
of Alexandra Steele and Lyman Dickerson. The Board has determined that each of the members of the nominating and corporate governance
committee satisfies the independence requirements