Company: RAIN
Filing Date: 2025-04-25
Form Type: 424B3
Source: 0001213900-25-035587
Chunk: 181

Company: Rain Enhancement Technologies Holdco, Inc.
Filing Date: 2025-04-25
Form: 424B3
Chunk 181
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 of the directors of
a publicly traded Massachusetts corporation must be staggered over three years. Accordingly, the Board consists of five members, which
are divided into three classes with only one class of directors being elected in each year and each class (except for those directors
appointed prior to Holdco’s first annual meeting of shareholders) serving a 3-year term. The term of office of the first class of
directors will expire at Holdco’s first annual meeting. The term of office of the second class of directors will expire at Holdco’s
second annual meeting of shareholders. The term of office of the third class of directors will expire at Holdco’s third annual meeting
of shareholders. This could make it difficult to replace a majority of the board in any one year. A public corporation may opt out of
the staggered board requirement by a vote of its board of directors or a two-thirds vote of each class of stock outstanding.

Chapter 110F of the Massachusetts General Laws generally provides that,
if a person acquires 5% or more of the stock of a Massachusetts corporation without the approval of the board of directors of that corporation,
such person may not engage in certain transactions with the corporation for a period of three years following the time that person becomes
a 5% shareholder, with certain exceptions. A Massachusetts corporation may elect in its articles of organization or bylaws not to be governed
by Chapter 110F.

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Under the Massachusetts control share acquisitions statute (Chapter
110D of the Massachusetts General Laws), a person who acquires beneficial ownership of shares of stock of a corporation in a threshold
amount equal to one-fifth or more but less than one-third, one-third or more but less than a majority, or a majority or more of the voting
stock of the corporation, referred to as a control share acquisition, must obtain the approval of a majority of shares entitled to vote
generally in the election of directors (excluding (1) any shares owned by any person acquiring or proposing to acquire beneficial ownership
of shares in a control share acquisition, (2) any shares owned by any officer of the corporation and (3) any shares owned by any employee
of the corporation who is also a director of the corporation) for the purpose of acquiring voting rights for the shares that such person
acquires in crossing the foregoing thresholds.

The Massachusetts control share acquisitions statute permits the corporation,
to the extent authorized by its articles of organization or bylaws, to redeem all