Company: RAIN
Filing Date: 2025-01-03
Form Type: SCHEDULE 13D
Source: 0001104659-25-000973
Chunk: 2

Company: Rain Enhancement Technologies Holdco, Inc.
Filing Date: 2025-01-03
Form: SCHEDULE 13D
Chunk 2
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erees collectively beneficially own 20% or less of the number of shares of Class B Common Stock (as such number of shares is equitably adjusted in respect of any reclassification, stock dividend, subdivision, combination or recapitalization of the Class B Common Stock) collectively held by them as of the Closing (the "Voting Threshold Date"), any newly created directorships resulting from an increase in the authorized number of directors and any vacancies occurring in the Board, will be filled solely by the affirmative votes of the holders of a majority of the Class B Common Stock. On and after the Voting Threshold Date, any newly created directorships resulting from an increase in the authorized number of directors and any vacancies occurring in the Board, will be filled by vote of a majority of the remaining members of the Board, although less than a quorum, or by a sole remaining director, and not by shareholders.                                                                                                                                                                                                                                                                                                                                                                                 
 The right to call special meetings of shareholders - the A&R Articles provides that, prior to the Voting Threshold Date, special meetings of shareholders may be called by or at the request of the holders of a majority of the outstanding shares of Class B Common Stock.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    
 Shareholder action by written consent - the A&R Articles provides that, prior to the Voting Threshold Date, any action required or permitted to be taken at any annual or special meeting of shareholders may be taken by written consent in lieu of a meeting, provided that (i) shareholders who own, in the aggregate, not less than a majority of all the votes entitled to be cast on any issue to be considered at any annual or proposed special meeting of the Issuer, as determined in accordance with the A&R Articles, shall by written notice to the Secretary of the Issuer request that the Board fix a record date for the proposed action by shareholders including the information required by the A&R Bylaws, (ii) the Issuer solicits written consents from all shareholders, and (iii) such action is evidenced by a consent or consents in writing, setting forth the action to be taken, which is signed and delivered to the Secretary of the Issuer, and not revoked, by shareholders having the requisite votes; provided, further, that any such action shall be taken in accordance with, and subject to the A&R Bylaws, the Massachusetts Business Corporation Act and applicable law. Following the Voting Threshold Date, except for shareholder action by unanimous written consent, any action required or permitted to be taken by the shareholders