Company: RAIN
Filing Date: 2025-04-16
Form Type: 10-K
Source: 0001213900-25-032239
Chunk: 1131

Company: Rain Enhancement Technologies Holdco, Inc.
Filing Date: 2025-04-16
Form: 10-K
Item: Item 7A
Chunk 1131
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 or engage a specialist to assist in the preparation of the
income tax provision and disclosures. The elements of our remediation plan can only be accomplished over time, and we can offer no
assurance that these initiatives will ultimately have the intended effects.

Management’s Report on Internal Controls
Over Financial Reporting

This Annual Report does not include a report
of management’s assessment regarding internal control over financial reporting or an attestation report of the company’s
registered public accounting firm due to a transition period established by rules of the Securities and Exchange Commission for newly
public companies.

This Report does not include an attestation report
of our independent registered public accounting firm due to our status as an emerging growth company under the JOBS Act.

Changes in Internal Control over Financial
Reporting

Management has implemented steps to remediate
the material weakness identified. Specifically, we expanded and improved our review process for income taxes calculation and disclosures,
and hired third-party professionals with whom to consult for such issues.

There was no other change in our internal control
over financial reporting that occurred during the period covered by this Annual Report on Form 10-K that has materially affected, or
is reasonably likely to materially affect, our internal control over financial reporting.

Item 9B. Other Information.

None.

Item 9C. Disclosure Regarding Foreign Jurisdictions
that Prevent Inspections.

Not applicable.

52

PART
III

Item 10. Directors,
Executive Officers and Corporate Governance.

Directors and Executive
Officers

The following sets
forth certain information, as of the date of this report, concerning the directors and officers of Rain Enhancement Technologies Holdco,
Inc. Ages are shown as of April 15, 2025.

    Name
     
    Age
     
    Position

    Randy Seidl
     
    61
     
    Chief Executive Officer and Director

    Oanh Truong
     
    36
     
    Interim Chief Financial Officer

    Christopher Riley
     
    59
     
    Director

    Harry You
     
    64
     
    Director

    Alexandra Steele
     
    57
     
    Director

    Lyman Dickerson
     
    80
     
    Director

    Marcus Peperzak
     
    76
     
    Director 

    Bob Reardon 
     
    60
     
    Director 

Executive Officers

Randy Seidl has
served as Chief Executive Officer and as