Company: RAIN
Filing Date: 2025-01-31
Form Type: S-1
Source: 0001213900-25-008536
Chunk: 323

Company: Rain Enhancement Technologies Holdco, Inc.
Filing Date: 2025-01-31
Form: S-1
Chunk 323
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 significant intercompany accounts and transactions have been eliminated. All entities listed were formed solely for the purpose of effectuating the Business Combination with Coliseum.

The consolidated financial statements are presented in U.S. dollars in conformity with accounting principles generally accepted in the United States of America (“U.S. GAAP”) and pursuant to the rules and regulations of the U.S. Securities and Exchange Commission (the “SEC”).

Use of Estimates

The preparation of the consolidated financial statements in conformity with U.S. GAAP requires the Company’s management to make estimates and assumptions that affect the reported amounts of assets, liabilities and expenses and disclosure of contingent assets and liabilities at the date of the consolidated financial statements. Actual results could differ from those estimates.

Financial Instruments

The fair value of the Company’s liabilities, which qualify as financial instruments under the FASB ASC Topic 820, “Fair Value Measurements and Disclosures,” approximates the carrying amounts represented in the accompanying consolidated balance sheet.

Fair Value Measurements

Fair value is defined as the price that would be received for sale of an asset or paid for transfer of a liability in an orderly transaction between market participants at the measurement date. GAAP establishes a three-tier fair value hierarchy, which prioritizes the inputs used in measuring fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements). These tiers include:

| ● | Level 1,                                                                                  
 defined as observable inputs such as quoted prices (unadjusted) for identical instruments 
 in active markets;                                                                        |

| ● | Level 2,                                                                                 
 defined as inputs other than quoted prices in active markets that are either directly or 
 indirectly observable such as quoted prices for similar instruments in active markets or 
 quoted prices for identical or similar instruments in markets that are not active; and   |

| ● | Level 3,                                                                                          
 defined as unobservable inputs in which little or no market data exists, therefore requiring      
 an entity to develop its own assumptions, such as valuations derived from valuation techniques    
 in which one or more significant inputs or significant value drivers are unobservable. In         
 some circumstances, the inputs used to measure fair value might be categorized within different   
 levels of the fair value hierarchy. In those instances, the fair value measurement is categorized 
 in its entirety in the fair value hierarchy based on the lowest level input that is significant   
 to the fair value measurement.                                                                    |

As of September 30, 202