Rain Enhancement Technologies Holdco, Inc. (RAIN): debt financing — Rain Enhancement Technologies expands insider loan facility to $10M from $7M

Rain Enhancement Technologies Holdco, Inc.

Line of credit with RHY Management, an affiliate of chairman Harry You, raised from $7M to $10M effective March 31, 2026.
Interest rate is the greater of 5% per annum or the IRS short-term rate; default rate is 2% above the standard rate.
RHY Management is controlled by Harry You, who owns >10% of both Class A and Class B common stock of the company.
No other changes were made to the original loan agreement dated December 30, 2024.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Rain Enhancement Technologies Holdco, Inc. amended credit facility of from $7,000,000 to $10,000,000 with RHY Management LLC.

Instrument: credit facility
Principal: from $7,000,000 to $10,000,000
Counterparty: RHY Management LLC
Event: amendment

Exact text from the filing

entered into an amendment (the “Loan Agreement Amendment”) to that certain Loan Agreement between RHY and the Company, dated as of December 30, 2024 (the “Loan Agreement”), increasing the amount that could be borrowed by the Company under the line of credit (the “LOC”) pursuant to the Loan Agreement from $7,000,000 to $10,000,000.

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Rain Enhancement Technologies Holdco, Inc. filing history →

Source: SEC EDGAR

accession 0001213900-26-040466

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