Company: RAIN
Filing Date: 2025-11-13
Form Type: 424B3
Source: 0001213900-25-110123
Chunk: 37

Company: Rain Enhancement Technologies Holdco, Inc.
Filing Date: 2025-11-13
Form: 424B3
Chunk 37
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 expenses as we
scale our operations and begin to generate revenue. While we intend to fund future operations using available capacity under our line
of credit (“LOC”) and projected cash flows from operations, the absence of revenue to date raises substantial doubt about
its ability to continue as a going concern.

Our management’s plans to address this uncertainty
include reducing expenditures and seeking additional financing through debt, equity, or a combination of both. However, there is no assurance
that such funding will be available on acceptable terms, or at all.

Accordingly, our management has determined that
we do not have sufficient liquidity to meet our anticipated obligations over the next year from the date of issuance of these unaudited
condensed consolidated financial statements. The unaudited condensed consolidated financial statements included in this Report do not
include any adjustments that might result from the outcome of this uncertainty.

Results of Operations

For the three months ended September 30, 2025,
we had net loss of approximately $2.2 million, which consisted of general and administrative expenses of approximately $1.5 million (primarily
related to personnel costs, stock based compensation expenses, professional services including quarterly audit, marketing, and other corporate
operating expenses), installation costs of approximately $56,000, research and development expenses of approximately $46,000, amortization
expenses of approximately $3,000, a loss due to change in fair value of warrant liability of $312,500, and net interest expenses and interest
income from operating account of approximately $243,000.

For the nine months ended September 30, 2025, we had net loss of approximately
$4.6 million, which consisted of general and administrative expenses of approximately $3.9 million (primarily related to personnel costs,
stock based compensation expenses, professional services including annual audit, marketing, and other corporate operating expenses), installation
costs of approximately $74,000, research and development expenses of approximately $48,000, amortization expenses of approximately $9,000,
a loss due to change in fair value of warrant liability of $475,000, and interest expenses and minimal tax expenses and interest income
from operating account of approximately $323,000, partially offset by gain from settlement with vendor of approximately $226,000.

For the three months ended September 30, 2024,
we had net loss of approximately $3.0 million, which consisted of general and administrative expenses and minimal amortization expenses
of approximately $3,000 and