Company: RAIN
Filing Date: 2025-01-31
Form Type: S-1
Source: 0001213900-25-008536
Chunk: 61

Company: Rain Enhancement Technologies Holdco, Inc.
Filing Date: 2025-01-31
Form: S-1
Chunk 61
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 on Nasdaq. If Nasdaq delists the Class A Common Stock or Warrants from trading on its exchange for failure to
meet its listing rules, Holdco and its shareholders could face significant material adverse consequences including:

| ● | a                                                             
 limited availability of market quotations for our securities; |

| ● | reduced                       
 liquidity for our securities; |

| ● | a                                                                                          
 determination that shares of Class A Common Stock is a “penny stock” which                 
 will require brokers trading in shares of Class A Common Stock to adhere to more stringent 
 rules and possibly result in a reduced level of trading activity in the secondary trading  
 market for our securities;                                                                 |

| ● | a                                                
 limited amount of news and analyst coverage; and |

| ● | a                                                                                              
 decreased ability to issue additional securities or obtain additional financing in the future. |

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The National Securities Markets Improvement Act of 1996, which is a
federal statute, prevents or preempts the states from regulating the sale of certain securities, which are referred to as “covered
securities.” The Class A Common Stock and Warrants are covered securities because they are listed on Nasdaq. Although the states
are preempted from regulating the sale of covered securities, the federal statute does allow the states to investigate companies if there
is a suspicion of fraud, and, if there is a finding of fraudulent activity, then the states can regulate or bar the sale of covered securities
in a particular case. If Holdco’s securities are no longer listed on Nasdaq, such securities would not qualify as covered securities
and Holdco would be subject to regulation in each state in which it offers its securities.

An active trading market for Class A Common Stock may not develop or be sustained and the share price of the Class A Common Stock may be volatile.

Holdco cannot guarantee that an active trading market
for the Common Stock will develop or be sustained, nor can Holdco predict the prices at which its common shares may trade after the Business
Combination.

If a public trading market does develop for the
Class A Common Stock, its market price is likely to be highly volatile and could fluctuate widely in price in response to various
factors, many of which are beyond our control, including the following:

| ● | the                                                                                         
 concentration of the ownership of our shares by a limited number of affiliated stockholders 
 may limit interest in our securities;                                                       |

| ● | limited                                                                             
 “public float” with a small number