Rain Enhancement Technologies H
5.93-0.07 (-1.22%)
Oct 29, 4:00:00 PM EDT · NasdaqCM · RAIN · USD
Key Stats
Market Cap
44.96MP/E (TTM)
-Basic EPS (TTM)
-0.87Dividend Yield
0%Recent Filings
8-K
Nasdaq delisting notice appealed
Rain Enhancement Technologies Holdco received a Nasdaq notice on August 19, 2025, confirming failure to meet the $50 million market value of listed securities and $15 million market value of publicly held shares rules, risking delisting on August 28 unless appealed. The company requested a hearing on August 21, expecting a stay while presenting a compliance plan. Yet success remains uncertain. This delisting threat could heighten stock volatility and limit investor access.
10-Q
Q2 FY2025 results
Rain Enhancement Technologies Holdco posted a Q2 net loss of $953K, up from $325K a year earlier, driven by $1.1M in general and administrative expenses on personnel and professional services, while a $226K vendor settlement gain softened the blow. Operating losses widened to $1.1M from $317K y/y, with the net figure differing mainly from a $73K hit on warrant liability fair value changes and $33K related-party interest. Cash dwindled to $16K by quarter-end, after $1.4M used in operations and $613K on equipment builds, offset by $2.0M from LOC draws and PIPE inflows; free cash flow not disclosed in the 10-Q. The $5.5M related-party line of credit, at 5% interest and due on demand, bolsters liquidity amid an $8.3M working capital deficit. Nasdaq notices flag market value shortfalls, with compliance due by August 18, 2025. Substantial doubt lingers on going concern viability without fresh funding.
8-K
CEO retention bonus amended
Rain Enhancement Technologies amended CEO Randall Seidl's employment agreement on June 27, 2025, swapping an unissued unsecured note for a $5,820,000 cash retention bonus. The bonus pays out as a lump sum by December 31, 2028, or earlier upon termination without cause or a change of control, aiming to secure his leadership amid growth. This ties executive pay to long-term stability. Yet clawback rules apply if required.
10-Q
Q1 FY2025 results
Rain Enhancement Technologies Holdco posted a net loss of $1.5M for Q1 FY2025 ended March 31, 2025, up sharply from $31K a year earlier, driven by $1.3M in general and administrative expenses that ballooned post-merger while amortization held steady at $3K. The operating loss of $1.3M widened versus last year, with the net figure diverging further due to a $90K hit from fair-value changes in derivative warrant liabilities and $47K in related-party interest. Cash climbed to $273K from $33K at year-end, fueled by $737K LOC draws and $650K PIPE collections, though operating cash burned $1.0M and capex hit $139K for equipment—leaving free cash flow negative at $1.1M (derived). Related-party debt stands at $3.8M under a 5% line with $3.2M availability, supporting scaling amid a $7.0M working capital deficit. The recent SPAC merger closed December 31, 2024, via stock exchanges with no goodwill recognized. Nasdaq notices flag market value shortfalls, risking delisting by August 2025 if unresolved. No revenue yet, but equipment deploys soon. Key risk: retaining talent amid economic volatility.
10-K
FY2024 results
Rain Enhancement Technologies Holdco wrapped FY2024 with a net loss of $4.5 million, driven by $4.5 million in general and administrative expenses tied to the December 31 business combination with Coliseum Acquisition Corp, while generating no revenue as it advances ionization rainfall generation tech. Q4 saw heightened activity, including the merger's close yielding $9.0 million gross proceeds but netting just $0.1 million after $11.6 million in transaction costs, alongside a $3.1 million rollover debt and $7.0 million line of credit from affiliates. Yet cash dwindled to $37,000 by year-end, prompting a scaled-back production ramp amid liquidity strains. No dividends or buybacks occurred; capex focused on equipment at $46,000 annually. No 2025 guidance disclosed. Material weakness in tax controls persists, risking inaccurate reporting.
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