---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-26-066794"
form_type: "8-K"
ticker: "RAIN"
cik: "0002028293"
company_name: "Rain Enhancement Technologies Holdco, Inc."
filed_at: "2026-06-09T20:15:16+00:00"
generated_at: "2026-06-09T20:16:50.233007+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Rain Enhancement converts $4M debt to equity at $2.48/share; issues shares to insiders

## Summary
- RHY Management (affiliate of Chairman Harry You) converted $4M of outstanding debt into 1,612,903 shares of Class A common at $2.48/share.
- Issued 50,000 shares to interim CFO Oanh Truong and 490,000 total shares to directors, advisors, and contractor as deferred compensation.
- Total shares outstanding after issuance: 10,283,984. Conversion shares locked up until Dec 31, 2026.
- Debt conversion reduces outstanding from ~$12.3M to ~$8.3M; shares priced at volume-weighted average price of preceding ten trading days.

## SEC filing metadata
- accession: 0001213900-26-066794
- form_type: 8-K
- ticker: RAIN
- cik: 0002028293
- company_name: Rain Enhancement Technologies Holdco, Inc.
- filed_at: 2026-06-09T20:15:16+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 3.02, 5.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/2028293/000121390026066794/0001213900-26-066794-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/2028293/000121390026066794/ea0294070-8k_rain.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-26-066794
- JSON: https://secwatch.observer/filing/0001213900-26-066794.json
- Plain text: https://secwatch.observer/filing/0001213900-26-066794.txt

## Key facts
- Equity Issuances
  Rain Enhancement Technologies Holdco, Inc. issued 1,612,903 shares of Class A Common Stock of common stock to RHY Management LLC for $4,000,000 of indebtedness.
  - Security: common stock
  - Shares: 1,612,903 shares of Class A Common Stock
  - Purchaser: RHY Management LLC
  - Consideration: $4,000,000 of indebtedness
  source text: RHY exchanged an aggregate of $4,000,000 of indebtedness owed by the Company to RHY into shares of Class A common stock, par value $0.0001 per share, of the Company (the “ Class A Common Stock ”), at a price per share equal to the volume-weighted average price of the Class A Common Stock for the ten trading days preceding the date of the Conversion Agreement, which was $2.48 per share, for an aggregate of 1,612,903 shares of Class A Common Stock.
  evidence_url: https://www.sec.gov/Archives/edgar/data/2028293/000121390026066794/0001213900-26-066794-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.