Company: RAIN
Filing Date: 2025-01-31
Form Type: S-1
Source: 0001213900-25-008536
Chunk: 92

Company: Rain Enhancement Technologies Holdco, Inc.
Filing Date: 2025-01-31
Form: S-1
Chunk 92
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 the CEO (i) an annual salary of $500,000, (ii) a contingent bonus payment of $5.0 million that will be issued under   
 a form of an unsecured note payable on the earlier of (x) four-year anniversary of the Officer Note, subject to the CEO’s continued    
 service with Holdco through such date, and (y) the date of termination, if Holdco terminates the CEO’s employment without cause.       
 As of the date of this filing, the Officer Note has not been issued. The bonus payment of $5.0 million along with interest pursuant    
 to the terms of the agreement is considered as a contingent liability (“Contingent Award”) and will be recoded when it                 
 becomes probable. Management determines that an analysis on the probability will need to be done in order to determine the appropriate 
 presentation for the Contingent Award. For the purpose of this statement, management chose to omit the presentation of the Contingent  
 Award.                                                                                                                                 |

<div align='center'>49

NOTES TO UNAUDITED PRO FORMA COMBINED FINANCIAL STATEMENTS</div>

Transaction Accounting Adjustments to Unaudited Pro Forma Combined Balance Sheet

The transaction accounting adjustments included in the unaudited pro forma combined balance sheet as of September 30, 2024, are as follows:

| (1) | On                                                                                                
 October 25, 2024, November 25, 2024, and December 24, 2024, Coliseum Board elected to extend      
 the date by which Coliseum had to consummate the Business Combination to December 31, 2024.       
 In connection with such extensions, the New Sponsor loaned an aggregate of $117,500 to Coliseum   
 under the form of the Convertible Note, and such amount was deposited into the Trust Account.     
 Total outstanding balance under the Convertible Note was increased to $667,500 prior to Closing.  
 This adjustment reflects an increase to convertible note balance of $117,500 with a corresponding 
 increase in Trust Account, and also reflects an adjustment to accumulated deficit with a          
 corresponding increase in Class A ordinary shares subject to possible redemption to reflect       
 increase in redemption value for the Public Shares subject to redemption amount due to the        
 extension.                                                                                        |

| (2) | Reflects                                                                                                                                
 the interest income of $0.2 million earned related to the Trust Account subsequent to September 30, 2024 through Closing date and       
 an adjustment to accumulated deficit with a corresponding