Company: RAIN
Filing Date: 2025-01-31
Form Type: S-1
Source: 0001213900-25-008536
Chunk: 64

Company: Rain Enhancement Technologies Holdco, Inc.
Filing Date: 2025-01-31
Form: S-1
Chunk 64
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 Common Stock, representing all issued and outstanding shares of Class B Common Stock.
The Class B Common Stock has fifteen votes per share, and the Class A Common Stock, which is the class of stock held by public
shareholders, has one vote per share. Pursuant to the Holdco A&R Articles, the RET Founders as the sole initial holders of Class B
Common Stock will have rights that are different from unaffiliated shareholders for so long as the RET Founders or their permitted transferees
collectively beneficially own more than 20% of the number of shares of Class B Common Stock collectively held by them as of
the Closing. Such rights include the right to fill vacancies on Holdco’s board of directors (the “Board”), to call special
meetings of shareholders, to take action by written consent of the shareholders, and that amendments to the Holdco A&R Articles will
require the affirmative vote of a majority of the shares of Common Stock entitled to vote in lieu of two-thirds of the shares of Common
Stock entitled to vote on the matter. Future transfers by holders of Class B Common Stock will generally result in those shares converting
to Class A Common Stock, subject to limited exceptions, such as certain transfers effected for estate planning or charitable purposes.
Further, the Class B Common Stock will automatically convert into Class A Common Stock on the date that is 5 years after the Closing Date,
or earlier in certain circumstances, including if the initial holders thereof collectively cease to beneficially own at least twenty percent
(20%) of the number of shares of Common Stock held by them on the Closing Date, as more fully set forth in the Holdco A&R Articles.

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The RET Founders may have interests, with respect
to their Common Stock which are different from those of unaffiliated shareholders and the concentration of voting power among one or more
of these stockholders may have an adverse effect on the trading price of the Class A Common Stock.

In addition, this concentration of ownership might
adversely affect the market price of the Class A Common Stock by: (1) delaying, deferring or preventing a change of control;
(2) impeding a merger, consolidation, takeover or other Business Combination involving Holdco; or (3) discouraging a potential
acquirer from making a tender offer or otherwise attempting to obtain control of Holdco.

The Dual Class Structure may have the effect of concentrating voting control with the holders of Class B Common Stock.

Hold