Company: RAIN
Filing Date: 2025-04-25
Form Type: 424B3
Source: 0001213900-25-035587
Chunk: 214

Company: Rain Enhancement Technologies Holdco, Inc.
Filing Date: 2025-04-25
Form: 424B3
Chunk 214
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31, 2024, the prepayment shortfall liability was recorded
at maximum value.

Upon receipt of consideration related to the sale of any shares sold
by Meteora, the Company will record the receipt of funds as an increase to cash and a decrease to the “Prepayment Shortfall liability”
until the “Prepayment Shortfall Liability” is zero, and then any remaining proceeds received will reduce the receivable previously
recorded as contra-equity.

The Company incurred no transaction costs that
were directly related to issuance of the Forward Purchase Agreement.

As of December 31, 2024, the Company recorded
the $4.1 million of Prepayment amount paid at closing within additional paid-in capital and approximately $20,000 in shortfall payment
liability in the accompanying consolidated balance sheet.

Public and Private Placement Warrants

Prior to Closing, Coliseum had 5,000,000 Public
Warrants and 3,225,000 Private Placement Warrants outstanding. In connection with the Business Combination, as discussed above, an aggregate
of 3,225,000 Private Placement Warrants were converted into 806,250 shares of Holdco Class A Common Stock, and the Public Warrants were
exchanged into warrants to purchase 5,000,000 of Holdco Class A Common Stock.

<div align='center'>F-14</div>

Redemption

Prior to the Closing, certain Coliseum public
shareholders exercised their right to redeem certain of their outstanding shares for cash, resulting in the redemption of 1,063,698 Coliseum
public shares for an aggregate payment of approximately $12.1 million. After redemptions, there was a total of 723,414 Coliseum public
shares and an aggregate of approximately $8.25 million remaining in Coliseum Trust Account, and was later converted into Holdco Class
A Common Stock in connection with the Business Combination.

Transaction Proceeds

The following table reconciles the elements of
the Business Combination to the consolidated statements of cash flows and the consolidated statement of changes in stockholders’
equity for the year ended December 31, 2024:

| Cash-Trust Account, net of redemptions                                          |     | $ |  8,251,024 |   |
| Less: transaction costs and professional fees, paid directly from Trust Account |     |   | (4,270,760 | ) |
| Net proceeds received from Trust                                                |     |   |  3,980,264