secwatch.observer — SEC 8-K summary
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Issuer:     Rain Enhancement Technologies Holdco, Inc. (RAIN)
CIK:        0002028293
Form:       8-K
Filed at:   2026-06-09T20:15:16+00:00
Accession:  0001213900-26-066794
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 3.02, 5.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/2028293/000121390026066794/0001213900-26-066794-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/2028293/000121390026066794/ea0294070-8k_rain.htm
  HTML page:      https://secwatch.observer/filing/0001213900-26-066794

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