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Rain Enhancement Technologies Holdco, Inc.
RAINWCIK 0002028293NasdaqNon-AcceleratedSmaller ReportingEmerging GrowthMisc Industrial & Commercial Machinery & EquipmentMassachusettsFY ends Dec 31
Period
FY 2025
Revenue
—
Net Income
$-9.09M
Total Assets
$1.79M
Equity
$-12.75M
Shares Out
—
Op. Cash Flow
$-1.95M
Business
Rain Enhancement Technologies Holdco, Inc. develops, manufactures and commercializes ground-based ionization rainfall generation technology to enhance rainfall and elevate water reserves when atmospheric conditions permit. It offers ionization hardware systems, supporting software and machine‑learning controls, meteorology, monitoring equipment, installation and operations, plus licensing and channel partnerships for adjacent water technologies. Key business segments include sales and services to large landowners (agriculture, resorts, golf courses), energy and transportation firms, insurers, government and supranational agencies, and corporate decarbonization initiatives. RWT targets clients primarily in the United States with plans to expand into Canada, Western Europe and other global markets through direct sales, multi‑year WaaS contracts and partnerships.
Summary from filing dated 2025-04-16
Financials
Consolidated Statement of Income
Year Ended · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 |
|---|---|---|---|---|
| Installation costs | 402,422 | — | — | |
| General and administrative expenses | 8 | 4 | 397,200 | |
| Research and development expenses | 62,011 | — | — | |
| State tax expenses | 1,824 | 225 | — | |
| Depreciation expense | 6,901 | — | — | |
| Amortization expense | 11,675 | 11,675 | 12,648 | |
| Loss from operations | −8 | −5 | −410,073 | |
| Change in fair value of warrant liabilities | −900,000 | — | — | |
| Gain from settlement with vendor | 225,517 | — | — | |
| Interest expenses | −284,465 | −30,246 | — | |
| Interest income | 95 | 91 | 107 | |
| Total other income (expenses), net | −958,853 | −30,155 | −26,934 | |
| Net loss | −9 | −5 | −437,007 |
Consolidated Balance Sheet
As of · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-12-31 | FY 2025 2025-06-30 | FY 2025 2025-03-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 |
|---|---|---|---|---|---|---|
| Cash | 213,688 | — | — | 32,604 | 37,345 | |
| Prepaid expenses | 103,796 | 565,296 | 713,198 | 12,335 | 8,136 | |
| Deferred financing costs | — | — | — | 75,000 | — | |
| Subscription receivable | — | — | — | 650,000 | — | |
| Total current assets | 317,484 | 656,769 | 1 | 769,939 | 45,481 | |
| Equipment, net | 407,133 | — | — | 0 | 368,206 | |
| Construction in-process equipment | 987,805 | — | — | 414,034 | — | |
| Intangible assets, net | 80,752 | — | — | 92,427 | 104,102 | |
| Total assets | 2 | 2 | 2 | 1 | 517,789 | |
| Accounts payable | 2 | 2 | 3 | 2 | 505,383 | |
| Accrued expenses | 1 | — | — | 700,000 | 10,750 | |
| Line of credit - related party | 9 | — | — | 3 | — | |
| Note payable from related parties | 400,000 | — | — | 400,000 | 611,265 | |
| Accrued interest - related parties | 322,656 | — | — | 38,192 | 27,041 | |
| Tax liability | 912 | — | — | — | 225 | |
| Shortfall payment liability | 20,636 | 7 | 5 | 20,636 | — | |
| Total current liabilities | 13 | 9 | 8 | 6 | 1 | |
| Derivative warrant liabilities | 1 | — | — | 350,000 | — | |
| Total liabilities | 15 | 9 | 8 | 7 | 1 | |
| Commitments and Contingencies (Note 5) | — | — | — | — | — | |
| Preferred stock, $0.0001 par value; 1,000,000 shares authorized; no shares issued and outstanding as of December 31, 2025 and 2024 | — | — | — | — | — | |
| Additional paid-in capital | 3 | — | — | 964,335 | 1 | |
| Accumulated deficit | −15 | — | — | −6 | −2 | |
| Total stockholders deficit | −13 | −8 | −7 | −5 | −636,875 | |
| Total liabilities and stockholders Deficit | 2 | 2 | 2 | 1 | 517,789 |
Consolidated Statement of Cash Flows
Year Ended · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 |
|---|---|---|---|---|
| General and administrative expenses advanced by related parties | 4 | 321,448 | 11,265 | |
| Stock based compensation expense | 2 | 3 | 3,843 | |
| Prepaid expenses | −91,461 | −4,199 | −8,136 | |
| Deferred financing costs | 75,000 | — | — | |
| Accounts payable | −188,662 | 28,452 | 285,233 | |
| Accrued expenses | 378,294 | −10,750 | −133,000 | |
| Accrued expenses - related party | 831,429 | — | — | |
| Accrued interest - related parties | 284,464 | 30,247 | 27,041 | |
| Tax payable | 912 | −225 | — | |
| Net cash used in operating activities | −2 | −1 | −238,113 | |
| Capital expenditures for equipment | −987,805 | −45,828 | −264,154 | |
| Net cash used in investing activities | −987,805 | −45,828 | −264,154 | |
| Proceeds from draw down under line of credit with related party | 2 | — | — | |
| Proceeds received from subscription receivable | 650,000 | — | — | |
| Proceeds from issuance of RET's Class A common stock | — | 740,000 | 1,998 | |
| Proceeds from issuance of RET's 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 | — | 4 | — | |
| Payment of deferred financing costs | — | −75,000 | — | |
| Payment of prepaid forward purchase agreements | — | −4 | — | |
| Net cash provided by financing activities | 3 | 1 | 439,612 | |
| Net change in cash | 181,084 | −4,741 | −62,655 |
Filings
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