secwatch.observer — SEC 8-K summary
======================================

Issuer:     Rain Enhancement Technologies Holdco, Inc. (RAIN)
CIK:        0002028293
Form:       8-K
Filed at:   2025-01-07T23:59:59+00:00
Accession:  0001213900-25-001708
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.80
Item codes: 1.01, 5.02, 2.01, 3.02, 9.01, 2.03, 3.03, 5.03, 5.01, 5.05, 5.06
LLM model:  deepseek-v4-flash:cloud@v2

Rain Enhancement Technologies completes SPAC merger with Coliseum Acquisition, begins trading on Nasdaq
--------------------------------------------------------------------------------

- SPAC merger closed Dec 31, 2024; new company Holdco trades as RAIN/RAINW on Nasdaq.
- ~207,510 public shares redeemed at ~$11.41 each, withdrawing ~$2.37M from trust.
- PIPE investment of ~$1.35M from insiders at ~$11.39/share; affiliates of You, Dacier, Dickerson.
- Line of credit with RHY (Harry You affiliate) for up to $10.1M (including $3.1M rollover) at 5% interest, 2-year maturity.
- Founders (You, de Masi, Dacier) subject to 2-year lock-up; Meteora forward purchase for up to 750k shares, prepaid ~$4.1M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/2028293/000121390025001708/0001213900-25-001708-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/2028293/000121390025001708/ea0226850-8k_rainenhanc.htm
  HTML page:      https://secwatch.observer/filing/0001213900-25-001708

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer