Company: RAIN
Filing Date: 2025-05-16
Form Type: 424B3
Source: 0001213900-25-044498
Chunk: 30

Company: Rain Enhancement Technologies Holdco, Inc.
Filing Date: 2025-05-16
Form: 424B3
Chunk 30
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 review, the Company did not identify any subsequent events that required adjustment or disclosure in the
unaudited condensed consolidated financial statements, except as noted below.

Subsequent to March 31, 2025, the Company drew
an additional amount of approximately $554,000 under the LOC.

On April 1, 2025, the Board increased the size
of the Board from five to seven directors and appointed Mr. Marcus Peperzak and Mr. Robert Reardon to the Board to fill the resulting
vacancies.

In connection with their appointments to the
Board, Mr. Reardon and Mr. Peperzak each entered into the Director Agreements which are the form of agreement adopted by the Board in
April 2025 to govern the terms of service and compensation of the Company’s non-employee directors. Additionally, effective as
of April 4, 2025, the Company entered into Director Agreements with Lyman Dickerson, Alexandra Steele, and Christopher Riley, each non-employee
members of the Board. Pursuant to the terms of the Director Agreements, the Company agreed to pay to each board member (i) subject to
approval by the Board and compensation committee of the Board (the “Compensation Committee”), a cash payment of $12,500 promptly
following attendance at each quarterly Board meeting, for a total annual cash compensation of $50,000; and (ii) subject to approval by
the Board and the Compensation Committee, a grant of restricted stock, with the number of shares and terms to be determined by the Board.

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ITEM 2. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS.

The following discussion and analysis of our
financial condition and results of operations should be read in conjunction with the unaudited condensed consolidated financial statements
and the notes thereto contained elsewhere in this quarterly report. References in this quarterly report on Form 10-Q (this “Report”)
to the “Company,” “Holdco”, “us” or “we” refer to Rain Enhancement Technologies Holdco,
Inc. on a consolidated basis. References to our “management” or our “management team” refer to our officers and
directors.

Special Note Regarding Forward-Looking Statements

This Report includes “forward-looking statements”
for purposes of the safe harbor provisions under the United States Private Securities Litigation Reform Act of 1995, including statements
regarding, among other things,