Rain Enhancement Technologies Holdco, Inc.
For the period ended Dec 31, 2024. Filed Apr 16, 2025.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2024 · Filed Apr 16, 2025
RAIN$0.48-11.5%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 8. Consolidated Statements of Cash Flows
CONSOLIDATED STATEMENTS OF CASH FLOWS
| For the years ended December 31, | ||
|---|---|---|
| 2024 | 2023 | |
| Cash Flows from Operating Activities: | ||
| Net loss | $(4,533,761) | $(437,007) |
| Adjustments to reconcile net loss to net cash used in operating activities: | ||
| Amortization expense | 11,675 | 12,648 |
| General and administrative expenses advanced by related parties | 321,448 | 11,265 |
| Stock based compensation expense | 2,834,535 | 3,843 |
| Changes in operating assets and liabilities: | ||
| Prepaid expenses | (4,199) | (8,136) |
| Accounts payable | 28,452 | 285,233 |
| Accrued expenses | (10,750) | (133,000) |
| Accrued interest - related parties | 30,247 | 27,041 |
| Tax payable | (225) | - |
| Net cash used in operating activities | (1,322,578) | (238,113) |
| Cash Flows from Investing Activities: | ||
| Capital expenditures for equipment | (45,828) | (264,154) |
| Net cash used in investing activities | (45,828) | (264,154) |
| Cash Flows from Financing Activities: | ||
| Proceeds from issuance of RWT Class A common stock | 740,000 | - |
| Proceeds from issuance of RWT Class B common stock | 125,000 | - |
| Proceeds from issuance of Holdco Class A common stock in connection with PIPE subscriptions | 700,000 | - |
| Proceeds from reverse recapitalization | 3,980,264 | |
| Payment of deferred financing costs | (75,000) | |
| Payment of prepaid forward purchase agreements | (4,106,599) | |
| Proceeds from issuance of common stock | - | 1,998 |
| Proceeds from issuance of Series A preferred stock | - | 8,000 |
| Proceeds from note payable | - | 446,910 |
| Repayment of note payable | - | (17,296) |
| Net cash provided by financing activities | 1,363,665 | 439,612 |
| Net change in cash | (4,741) | (62,655) |
| Cash - beginning of the year | 37,345 | 100,000 |
| Cash - end of the year | $32,604 | $37,345 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.