Company: RAIN
Filing Date: 2025-01-31
Form Type: S-1
Source: 0001213900-25-008536
Chunk: 247

Company: Rain Enhancement Technologies Holdco, Inc.
Filing Date: 2025-01-31
Form: S-1
Chunk 247
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   |
| Volatility(*)            |     |   |           3.2 | % |     |   |          5.1 | % |
| Risk-free rate           |     |   |           3.5 | % |     |   |          3.8 | % |
| Fair value of warrants   |     | $ |          0.05 |   |     | $ |         0.04 |   |

| * | The                                                                                               
 probability of completing a Business Combination is considered within the volatility implied      
 by the traded price of the Public Warrants which is used to value the Private Placement Warrants. |

For the three and nine months ended September 30, 2024, the Company recognized gain (loss) in connection with decreases (increases) in the fair value of warrant liabilities of $0 and $(82,250) within change in fair value of derivative warrant liabilities in the Company’s unaudited condensed consolidated statements of operations, respectively. For the three and nine months ended September 30, 2023, the Company recognized loss in connection with increases in the fair value of warrant liabilities of $246,750 and $(658,000) within change in fair value of derivative warrant liabilities in the Company’s unaudited condensed consolidated statements of operations, respectively.

The following table provides the significant inputs to the Black-Scholes method for the fair value of the non-redemption agreement liabilities:

|                                  |     |   |            As 
            of 
 September 30, 
          2024 |   |     |   |           As 
           of 
 December 31, 
         2023 |   |
|:---------------------------------|:----|:--|--------------:|:--|:----|:--|-------------:|:--|
| Stock price                      |     | $ |         11.14 |   |     | $ |        10.66 |   |
| Expected term (in years)         |     |   |          0.20 |   |     |   |         0.70 |   |
| Risk-free rate                   |     |   |           4.4 | % |     |   |          5.3 | % |
| Probability of closing of merger |     |   |           3.2 | % |     |   |          2.9 | % |

The Company recognized loss in connection with changes in fair value of non-redemption agreement liabilities of $