secwatch.observer — SEC 8-K summary
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Issuer:     Rain Enhancement Technologies Holdco, Inc. (RAIN)
CIK:        0002028293
Form:       8-K
Filed at:   2026-04-06T23:59:59+00:00
Accession:  0001213900-26-040466
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Rain Enhancement Technologies expands insider loan facility to $10M from $7M
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/2028293/000121390026040466/0001213900-26-040466-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/2028293/000121390026040466/ea0285291-8k_rain.htm
  HTML page:      https://secwatch.observer/filing/0001213900-26-040466

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