Company: RAIN
Filing Date: 2025-01-31
Form Type: S-1
Source: 0001213900-25-008536
Chunk: 199

Company: Rain Enhancement Technologies Holdco, Inc.
Filing Date: 2025-01-31
Form: S-1
Chunk 199
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 reporting requirements for at least three months before the sale and has filed all required reports under Section 13 or 15(d) of the Exchange Act during the 12 months (or such shorter period as the Company was required to file reports) preceding the sale.

Persons who have beneficially owned restricted shares of our Common Stock for at least six months but who are the Company’s affiliates at the time of, or at any time during the three months preceding, a sale, would be subject to additional restrictions, by which such person would be entitled to sell within any three-month period only a number of securities that does not exceed the greater of:

| ● | 1%                                                                                            
 of the total number of shares of common stock or warrants then outstanding, as applicable; or |

| ● | the                                                                                                                             
 average weekly reported trading volume of the common stock or warrants, as applicable, during the four calendar weeks preceding 
 the filing of a notice on Form 144 with respect to the sale.                                                                    |

Sales by the Company’s affiliates under Rule 144 are also limited by manner of sale provisions and notice requirements and to the availability of current public information about the Company.

Lock-Up Restrictions

Two Year Lock-Up

On December 31, 2024, in
connection with the consummation of the Business Combination and as contemplated by the Business Combination Agreement, Holdco and certain
shareholders of Holdco, including the RET Founders, the Previous Sponsor and the New Sponsor entered into a the Lock-Up Agreement.The lock-up parties include affiliates of Harry You, who was Coliseum’s chairman
of the board and sponsor and a shareholder and lender to RET prior to Closing, and is Holdco’s chairman of the Board and a shareholder
and lender to Holdco after the Closing, affiliates of Paul Dacier, who was the President and sole director of Holdco and the President,
director, and shareholder of RET prior to Closing, and Niccolo de Masi, who was a shareholder and lender to RET prior to Closing.

Pursuant to the Lock-Up Agreement, the shares of Class A Common Stock held by the parties to the Lock-Up Agreement (including shares of Class A Common Stock issued pursuant to the Warrant Exchange but not including any shares of Class A Common Stock purchased in the PIPE Investment) are subject to transfer restrictions until the end of the earlier of (x) two (2) years after the Closing Date and (y) the date on which Holdco completes a liquidation, merger, capital stock exchange, reorganization or