Rain Enhancement Technologies Files Q2 2025 10-Q
Ticker: RAINW · Form: 10-Q · Filed: Aug 14, 2025 · CIK: 2028293
Sentiment: neutral
Topics: 10-Q, SEC Filing, Quarterly Report
TL;DR
Rain Enhancement Tech (RETH) filed its Q2 10-Q on 8/14. All systems go.
AI Summary
Rain Enhancement Technologies Holdco, Inc. filed its quarterly report on Form 10-Q for the period ended June 30, 2025. The company, incorporated in Massachusetts with its principal executive offices in Naples, Florida, operates in the MISC INDUSTRIAL & COMMERCIAL MACHINERY & EQUIPMENT sector. The filing was made on August 14, 2025, under SEC file number 001-42460.
Why It Matters
This filing provides investors with an update on the company's financial performance and operational status for the second quarter of 2025, crucial for understanding its current business trajectory.
Risk Assessment
Risk Level: low — The provided text is a standard SEC filing header and does not contain specific financial or operational details that would indicate a high risk.
Key Numbers
- 001-42460 — SEC File Number (Identifies the company's filing with the SEC.)
- 3590 — SIC Code (Indicates the company operates in the MISC INDUSTRIAL & COMMERCIAL MACHINERY & EQUIPMENT sector.)
Key Players & Entities
- Rain Enhancement Technologies Holdco, Inc. (company) — Registrant
- June 30, 2025 (date) — Quarterly period end date
- August 14, 2025 (date) — Filing date
- 001-42460 (dollar_amount) — SEC file number
- 4851 Tamiami Trail N, Suite 200 Naples, FL 34103 (company) — Principal Executive Offices
FAQ
What is the exact period covered by this 10-Q filing?
The quarterly period ended June 30, 2025.
When was this 10-Q filed with the SEC?
The filing date was August 14, 2025.
What is the company's SEC file number?
The SEC file number is 001-42460.
Where are Rain Enhancement Technologies Holdco, Inc.'s principal executive offices located?
The principal executive offices are located at 4851 Tamiami Trail N, Suite 200, Naples, FL 34103.
In which state was Rain Enhancement Technologies Holdco, Inc. incorporated?
The company was incorporated in Massachusetts.
Filing Stats: 4,513 words · 18 min read · ~15 pages · Grade level 15.5 · Accepted 2025-08-14 16:31:36
Key Financial Figures
- $0.0001 — stered Class A common stock, par value $0.0001 per share RAIN The Nasdaq Stock Market
- $11.50 — A common stock at an exercise price of $11.50 RAINW The Nasdaq Stock Market LLC Sec
Filing Documents
- ea0251841-10q_rain.htm (10-Q) — 527KB
- ea025184101ex31-1_rain.htm (EX-31.1) — 10KB
- ea025184101ex31-2_rain.htm (EX-31.2) — 10KB
- ea025184101ex32-1_rain.htm (EX-32.1) — 4KB
- ea025184101ex32-2_rain.htm (EX-32.2) — 4KB
- 0001213900-25-076727.txt ( ) — 3623KB
- rain-20250630.xsd (EX-101.SCH) — 32KB
- rain-20250630_cal.xml (EX-101.CAL) — 25KB
- rain-20250630_def.xml (EX-101.DEF) — 164KB
- rain-20250630_lab.xml (EX-101.LAB) — 280KB
- rain-20250630_pre.xml (EX-101.PRE) — 171KB
- ea0251841-10q_rain_htm.xml (XML) — 382KB
FINANCIAL INFORMATION
PART I. FINANCIAL INFORMATION Item 1. Unaudited Condensed Consolidated Financial Statements 1 Condensed Consolidated Balance Sheets as of June 30, 2025 (unaudited) and December 31, 2024 1 Unaudited Condensed Consolidated Statements of Operations for the Three and Six Months Ended June 30, 2025 and 2024 2 Unaudited Condensed Consolidated Statements of Changes in Shareholders' Deficit for the Three and Six Months Ended June 30, 2025 and 2024 3 Unaudited Condensed Consolidated Statements of Cash Flows for the Six Months Ended June 30, 2025 and 2024 4 Notes to Unaudited Condensed Consolidated Financial Statements 5 Item 2.
Management's Discussion and Analysis of Financial Condition and Results of Operations
Management's Discussion and Analysis of Financial Condition and Results of Operations 17 Item 3.
Quantitative and Qualitative Disclosures About Market Risk
Quantitative and Qualitative Disclosures About Market Risk 26 Item 4. Disclosure Controls and Procedures 26
OTHER INFORMATION
PART II. OTHER INFORMATION Item 1.
Legal Proceedings
Legal Proceedings 27 Item 1A.
Risk Factors
Risk Factors 27 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 28 Item 3. Defaults Upon Senior Securities 28 Item 4. Mine Safety Disclosures 28 Item 5. Other Information 28 Item 6. Exhibits 28
FINANCIAL INFORMATION
PART I. FINANCIAL INFORMATION
Unaudited Condensed Consolidated Financial Statements
Item 1. Unaudited Condensed Consolidated Financial Statements RAIN ENHANCEMENT TECHNOLOGIES HOLDCO, INC. CONDENSED CONSOLIDATED BALANCE SHEETS June 30, 2025 December 31, 2024 (unaudited) Assets: Current assets: Cash $ 16,473 $ 32,604 Prepaid expenses 347,696 12,335 Deferred financing costs 75,000 75,000 Subscription receivable - 650,000 Total current assets 439,169 769,939 Equipment 414,034 414,034 Construction in-process equipment 612,709 - Intangible assets, net 86,589 92,427 Total Assets $ 1,552,501 $ 1,276,400 Liabilities and Stockholders' Deficit: Current liabilities: Accounts payable $ 1,391,554 $ 1,946,931 Accrued expenses 1,310,689 700,000 Accrued expenses - related party 13,609 - Line of credit - related party 5,509,871 3,110,149 Note payable from related parties 400,000 400,000 Accrued interest - related parties 118,365 38,192 Shortfall payment liability 20,636 20,636 Total current liabilities 8,764,724 6,215,908 Derivative warrant liabilities 512,500 350,000 Total liabilities 9,277,224 6,565,908 Commitments and Contingencies Stockholders' Deficit: Preferred stock, $ 0.0001 par value; 1,000,000 shares authorized; no shares issued and outstanding as of June 30, 2025 and December 31, 2024 - - Class A common stock, $ 0.0001 par value; 30,000,000 shares authorized; 7,528,761 shares issued and outstanding as of June 30, 2025 and December 31, 2024 753 753 Class B common stock, $ 0.0001 par value; 1,000,000 shares authorized; 57,752 shares issued and outstanding as of June 30, 2025 and December 31, 2024 6 6 Additional paid-in capital 964,335 964,335 Accumulated deficit ( 8,689,817 ) ( 6,254,602 ) Total stockholders' deficit ( 7,724,723 ) ( 5,289,508 ) Total Liabilities and Stockholders' Deficit $ 1,552,501 $ 1,276,400 The accompanying notes are an integral part of the unaudited condensed consolidated financial statements. 1 RAIN ENHANCEM
financial statements should be read in conjunction with the Company's Annual Report Form 10-K as of December 31,
financial statements should be read in conjunction with the Company's Annual Report Form 10-K as of December 31, 2024, as filed with the SEC on April 16, 2025, which contains the Company's audited consolidated financial statements and notes thereto. Use of Estimates The preparation of the unaudited condensed consolidated financial statements in conformity with U.S. GAAP requires the Company's management to make estimates and assumptions that affect the reported amounts of assets, liabilities and expenses and disclosure of contingent assets and liabilities at the date of the unaudited condensed consolidated financial statements. Actual results could differ from those estimates. Cash and Cash Equivalents The Company considers all highly liquid investments with original maturities at the date of purchase of three and six months or less to be cash equivalents. Cash and cash equivalents are commercial paper, and certificates of deposit. The Company had no cash equivalents as of June 30, 2025 and December 31, 2024. Financial Instruments The fair value of the Company's assets and liabilities, which qualify as financial instruments under the FASB ASC Topic 820, "Fair Value Measurements and Disclosures," approximates the carrying amounts represented in the accompanying consolidated balance sheets, either because of the short-term nature of the instruments or because the instrument is recognized at fair value. 7 RAIN ENHANCEMENT TECHNOLOGIES HOLDCO, INC. NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL JUNE 30, 2025 Fair Value Measurements Fair value is defined as the price that would be received for sale of an asset or paid for transfer of a liability in an orderly transaction between market participants at the measurement date. GAAP establishes a three-tier fair value hierarchy, which prioritizes the inputs