Company: RAIN
Filing Date: 2025-04-16
Form Type: 10-K
Source: 0001213900-25-032239
Chunk: 17

Company: Rain Enhancement Technologies Holdco, Inc.
Filing Date: 2025-04-16
Form: 10-K
Item: Item 1
Chunk 17
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 technologies, business processes and methodology. RWT will aim to build its patent portfolio in the United States with cross
filings in the European Union. Both a defensive and offensive approach will be incorporated to its investment in this arena.

RWT intends to protect
its future intellectual property rights via a combination of patent, trademark, and trade secret laws in the United States and other jurisdictions,
as well as with contractual protections, to establish, maintain and enforce rights in its proprietary technologies.

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In addition, RWT intends
to protect its future intellectual property rights through non-disclosure and invention assignment agreements with its employees and consultants
and through non-disclosure agreements with business partners and other third parties.

Employees and Human
Capital Resources 

RWT’s employees
will be critical to its success. RWT is proud of its world-class team and seeks to hire employees dedicated to its focus on developing
and commercializing the best ionization rainfall generation technology.

RWT’s full-time
employees are expected to be primarily based in Naples, Florida, though some employees may be working remotely. RWT also plans to engage
a small number of consultants and contractors to supplement its permanent workforce. As of the filing date of this Annual Report, RWT
has three independent contractors and one full-time employee, the Chief Executive Officer. It has retained a Chief Financial Officer as
a consultant on an interim basis. RWT also plans to hire a Chief Technology Officer, and two additional employees with sales, operations
or climate expertise. RWT’s employees are engaged in research and development, business development, sales and delivery of its products
and services.

To date, RWT has not
experienced any work stoppages and maintains good working relationships with its personnel. None of RWT’s employees are subject
to a collective bargaining agreement or are represented by a labor union at this time.

Properties

RWT’s principal
executive office is, and its corporate headquarters are expected to be, located in Naples, Florida. In order to accommodate anticipated
growth and to recruit and retain top talent, RWT anticipates seeking additional facilities in various locations. RWT anticipates it will
be able to obtain additional space as needed under commercially reasonable terms.

Corporate Structure 

As described above and
contemplated by the Business Combination Agreement, the Business Combination was consummated via a multiple-merger structure (also known
as “double dummy”), consisting of the SPAC Merger and the Company Merger. Under this structure, upon the consum