secwatch.observer — SEC 8-K summary
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Issuer:     Rain Enhancement Technologies Holdco, Inc. (RAIN)
CIK:        0002028293
Form:       8-K
Filed at:   2026-09-23T12:24:43+00:00
Accession:  0001213900-26-102377
Event type: m_and_a
Sentiment:  positive
Materiality: 0.90
Item codes: 1.01, 7.01, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

RAIN to merge with Tensor Networks; Tensor holders get 90% of combined company
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- Binding LOI signed Sept 18, 2026 for all-stock deal; expected close Q1 2027.
- Tensor Networks holders to own ~90% of combined company; RAIN holders ~10% pre-PIPE.
- Eric Frazier (Tensor CEO) becomes RAIN CEO; Randy Seidl becomes President.
- $25M minimum gross PIPE proceeds required to close; funds Tensor growth.
- Lock-up agreements of 12-18 months for insiders and employees post-close.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/2028293/000121390026102377/0001213900-26-102377-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/2028293/000121390026102377/ea0306365-8k_rain.htm
  HTML page:      https://secwatch.observer/filing/0001213900-26-102377

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