Company: RAIN
Filing Date: 2025-01-31
Form Type: S-1
Source: 0001213900-25-008536
Chunk: 181

Company: Rain Enhancement Technologies Holdco, Inc.
Filing Date: 2025-01-31
Form: S-1
Chunk 181
---
 no value and expire worthless.

Holdco is registering the
Class A Common Stock issuable upon exercise of the Warrants in the Registration Statement of which this prospectus forms a part because
the Warrants will become exercisable 30 days after the Closing. Pursuant to the terms of the Warrant Agreement, Holdco agreed to
use commercially reasonable efforts to cause the same to become effective within 60 business days after the Closing and to maintain the
effectiveness of such registration statement, and a current prospectus relating thereto, until the expiration of the Warrants in accordance
with the provisions of the Warrant Agreement. Notwithstanding the above, if our shares of Class A Common Stock are, at the time of
any exercise of a Warrant, not listed on a national securities exchange such that they satisfy the definition of a “covered security”
under Section 18(b)(1) of the Securities Act, we may, at our option, require holders of Warrants who exercise their warrants to do
so on a “cashless basis” in accordance with Section 3(a)(9) of the Securities Act and, in the event we so elect, we will
not be required to file or maintain in effect a registration statement, but will use our commercially reasonable efforts to register or
qualify the shares under applicable blue sky laws to the extent an exemption is not available. In such event, each holder would pay the
exercise price by surrendering the Warrants for that number of shares of Class A Common Stock equal to the lesser of (A) the
quotient obtained by dividing (x) the product of the number of Class A Common Stock underlying the Warrants, multiplied by the
excess of the “fair market value” (defined below) less the exercise price of the warrants by (y) the fair market value
and (B) 0.361. The “fair market value” as used in the preceding sentence shall mean the volume weighted average price
of the shares of Class A Common Stock for the 10 trading days ending on the trading day prior to the date on which the notice of
exercise is received by the warrant agent.

<div align='center'>108</div>

Redemption of Warrants when the price per share of Class A Common Stock equals or exceeds $18.00

Once the Warrants become exercisable, we may redeem the warrants:

| ● | in                     
 whole and not in part; |

| ● | at                            
 a price of $0.01 per