Company: RAIN
Filing Date: 2025-04-25
Form Type: 424B3
Source: 0001213900-25-035587
Chunk: 20

Company: Rain Enhancement Technologies Holdco, Inc.
Filing Date: 2025-04-25
Form: 424B3
Chunk 20
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 committed to provide the Company with up to $7 million of
new loans. Prior to each drawdown of the Commitment, pursuant to the Loan Agreement, the Company must certify to RHY, among other things,
that it has used its best efforts to raise equity, equity-linked, or debt financing on terms available in the market to a similarly-situated
company in similar circumstances, and is unable to obtain alternate financing in the amount of such drawdown. Once amounts are borrowed,
they may not be re-borrowed. Additionally, Mr. You agreed to roll over an aggregate of approximately $3.1 million of loans and advances
owed to him or to his affiliates by Coliseum and RWT into the Loan Agreement and such amounts will be treated for all purposes as loans
outstanding pursuant to the Loan Agreement (which, for the avoidance of doubt, does not decrease the Commitment). As of the date of this
prospectus, the Company has borrowed $839,000 of the $7 million available funding under the Commitment.

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Immediately after giving effect to the Business Combination, there
were 7,471,678 shares of Class A Common Stock outstanding (7,528,761 shares after giving effect to the additional PIPE closings on January
29, 2025 and February 6, 2025), 57,752 shares of Class B Common Stock outstanding, 5,000,000 shares of Class A Common Stock issuable upon
the exercise of outstanding Warrants, and 2,150,838 shares of Class A Common Stock issuable upon the exercise of outstanding Options.

In connection with the Business Combination, 207,510 public holders
of Coliseum Class A Ordinary Shares exercised their right to redeem those shares for a pro rata portion of the cash in the Coliseum trust
account, which equaled approximately $11.41 per share, for an aggregate redemption payment of approximately $2.37 million. Previously,
in connection with extensions of the time that Coliseum had to complete its initial business combination, the following redemptions occurred:
(i) in connection with the extension from June 25, 2023 to up to June 25, 2024, 9,121,799 shares were redeemed at a per share price of
approximately $10.38, for an aggregate redemption payment of approximately $94.7 million; (ii) in connection with the extension from November
25, 2023 to