Company: RAIN
Filing Date: 2025-01-31
Form Type: S-1
Source: 0001213900-25-008536
Chunk: 300

Company: Rain Enhancement Technologies Holdco, Inc.
Filing Date: 2025-01-31
Form: S-1
Chunk 300
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 unaudited condensed consolidated statements of operations. The fair value of the operations was measured on the date of grant using a hybrid method of probability weighted expected return (“PWERM”), where the equity value is allocated in one or more of the scenarios using a Black-Scholes option pricing model. The following assumptions were used in determining the fair value of the options granted during the three and nine months ended September 30, 2024:

| Risk free interest rate           |     |   |     4.17 | % |
| Expected term (in years)          |     |   |       10 |   |
| Expected volatility               |     |   |     45.0 | % |
| Dividend yield                    |     |   |      0.0 | % |
| Estimated underlying stock price  |     | $ | 2,897.12 |   |
| Fair value of options (per share) |     | $ | 1,851.67 |   |

Note 8 — Subsequent Events

The Company evaluated subsequent events and transactions that occurred up to the date of these unaudited condensed consolidated financial statements were available to be issued, or December 1, 2024. Based upon this review, the Company determined that there have been no other events that have occurred that would require adjustments to the disclosures in these unaudited condensed consolidated financial statements, except as noted below.

Subsequent to September 30, 2024, the Company received additional advances from such investor, and increased the total outstanding amount for advances to approximately $220,000.

<div align='center'>F-70

REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM</div>

To the Stockholders and the Board of Directors of
Rain Enhancement Technologies, Inc.

Opinion on the Financial Statements

We have audited the accompanying balance sheets of Board of Directors of Rain Enhancement Technologies, Inc. (the “Company”) as of December 31, 2023 and 2022, the related statements of operations, changes in stockholders’ deficit and cash flows for the year ended December 31, 2023 and period from November 10, 2022 (inception) through December 31, 2022, and the related notes (collectively referred to as the “financial statements”). In our opinion, the financial statements present fairly, in all material respects, the financial position of the Company as of December 31, 2023 and 2022, and the results of