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Rain Enhancement Technologies Holdco, Inc.

Rain Enhancement Technologies Holdco, Inc. is an American misc industrial and commercial machinery and equipment company.1 It is headquartered in Naples, Florida.1

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Last updated Oct 21, 2026.

Overview

-$9.1MNet income, fiscal 20252

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  • TickerRAIN on Nasdaq1
  • IndustryMisc Industrial & Commercial Machinery & Equipment1
  • HeadquartersNaples, Florida1
  • Incorporated inMA3
  • Business address4851 Tamiami Trail N, Suite 200, Naples, Fl 341033
  • Filer category, Emerging growth company3

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Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

-$2.9MFree cash flow2

Financial statements

Operating income52-$8.1M in 2025+1883% since 2023
-$10.0M-$7.5M-$5.0M-$2.5M02023: -$410.1K-$410.1K20232024: -$4.5M-$4.5M2024+998%2025: -$8.1M-$8.1M2025+81%
Net income52-$9.1M in 2025+1980% since 2023
-$10.0M-$7.5M-$5.0M-$2.5M02023: -$437.0K-$437.0K20232024: -$4.5M-$4.5M2024+937%2025: -$9.1M-$9.1M2025+101%

Every line of the income statement as filed: the last 2 fiscal years, latest first.2

Period ending2025-12-312024-12-31
Installation costs$402.4K
General and administrative expenses$7.6M$4.5M
Research and development expenses$62.0K
State tax expenses$1.8K$225
Depreciation expense$6.9K
Amortization expense$11.7K$11.7K
Loss from operations-$8.1M-$4.5M
Change in fair value of warrant liabilities-$900.0K
Gain from settlement with vendor$225.5K
Interest expenses-$284.5K-$30.2K
Interest income$95$91
Total other income (expenses), net-$958.9K-$30.2K
Net loss-$9.1M-$4.5M

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Corporate structure

Rain Enhancement Technologies Holdco, Inc. sits at the top of its group. 2 entities, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of Rain Enhancement Technologies Holdco, Inc.

  • METEORA CAPITAL, LLC Filed SCHEDULE 13G/A on Rain Enhancement Technologies Holdco, Inc., latest Aug 14, 2026 (5 filings since Aug 14, 2025)
  • Harry L. You Filed SCHEDULE 13D/A on Rain Enhancement Technologies Holdco, Inc., latest Jun 9, 2026 (3 filings since Jan 3, 2025)
  • LMR Partners LLP Filed SCHEDULE 13G/A on Rain Enhancement Technologies Holdco, Inc., latest Feb 17, 2026 (3 filings since Aug 14, 2025)
  • Polar Asset Management Partners Inc. Filed SCHEDULE 13G/A on Rain Enhancement Technologies Holdco, Inc., latest Feb 17, 2026 (2 filings since May 15, 2025)
  • Paul T. Dacier Filed SCHEDULE 13G on Rain Enhancement Technologies Holdco, Inc., latest Feb 10, 2025
  • Rain Enhancement Technologies Holdco, Inc. Naples, Florida
    • Rain Enhancement Technologies, Inc. Subsidiary · Massachusetts, United States

Built from subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What Rain Enhancement Technologies Holdco, Inc. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, net$407.1K2 Dec 31, 2025$02 Dec 31, 2024

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$32.6K5 Dec 31, 2024$37.3K5 Dec 31, 2023−12.7%

Intangibles and goodwill

ItemLatestA year beforeChange
Intangible assets, net (excluding goodwill)$80.8K2 Dec 31, 2025$92.4K2 Dec 31, 2024−12.6%
Accumulated amortization-$36.0K2 Dec 31, 2025-$24.3K2 Dec 31, 2024−48.0%
Finite-lived intangibles, net$80.8K2 Dec 31, 2025$92.4K2 Dec 31, 2024−12.6%

Properties, in its own words

Our corporate headquarters are located at 4851 Tamiami Trail N, Suite 200 Naples, FL.

The Company entered into a lease agreement, effective April 1, 2026, to lease a 4,050 square foot warehouse in Brighton, Colorado (“Warehouse Lease”), which serves as a storage building for the Company’s Equipment. The lease has an initial term of three years and includes one option to extend the term an additional three years at market prices. Under the Warehouse Lease, the Company is required to make a security deposit of $5,433.41 and pay a monthly base rate of $3,375 the first year, $3,476.25 the second year, and $3,580.54 the third year.

Item 2 of the 10-K filed Apr 15, 2026.10

Leadership

Who has led Rain Enhancement Technologies Holdco, Inc., and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Christopher Michael Riley2024
  2. Randy Seidl2025–now

Chief financial officer

  1. Oanh Truong2024–now
2025
Board members and other officers (8)

Subsidiaries and ownership

Subsidiaries (Exhibit 21)

  • Rain Enhancement Technologies, Inc. Massachusetts4

The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.

Timeline

  1. Sep 23, 20268-K Entered a material agreement; Regulation FD disclosure20
  2. Aug 21, 20268-K Listing notice or transfer21
  3. Jul 16, 20268-K Other events22
  4. Jun 30, 20268-K Entered a material agreement23
  5. Jun 9, 20268-K Entered a material agreement; Unregistered sale of shares; Executive or director change24
  6. Apr 14, 20268-K Earlier financial statements no longer reliable25
  7. Apr 6, 20268-K Entered a material agreement; New debt or obligation26
  8. Feb 20, 20268-K Listing notice or transfer27
  9. Dec 29, 20258-K Executive or director change; Shareholder vote28
  10. Dec 17, 20258-K Bylaws or fiscal year changed29
  11. Nov 7, 20258-K Listing notice or transfer; Regulation FD disclosure30
  12. Aug 22, 20258-K Listing notice or transfer; Regulation FD disclosure31
  13. Jan 3, 2025New chief executive Randy Seidl becomes CEO11
  14. Dec 31, 2024New chief executive Christopher Michael Riley becomes CEO12

Calendar

Coming up

  1. Nov 12, 2026Reports results for the quarter ending Sep/202632

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

134 filings to the SEC since October 2021: 2 annual reports, 5 quarterly reports, 19 major events, 32 insider forms, 14 large holders, 62 other. The latest 20:

  1. Sep 23, 20268-K CURRENT REPORT EDGAR
  2. Aug 21, 20268-K CURRENT REPORT EDGAR
  3. Aug 21, 20264/A EDGAR
  4. Aug 20, 20264 EDGAR
  5. Aug 14, 2026SCHEDULE 13G/A EDGAR
  6. Aug 14, 202610-Q QUARTERLY REPORT EDGAR
  7. Aug 14, 20263/A EDGAR
  8. Aug 12, 20263/A EDGAR
  9. Aug 12, 20264/A EDGAR
  10. Jul 16, 2026EFFECT EDGAR
  11. Jul 16, 20268-K CURRENT REPORT EDGAR
  12. Jul 16, 2026424B5 PROSPECTUS SUPPLEMENT EDGAR
  13. Jul 13, 2026S-3/A AMENDMENT NO. 1 TO FORM S-3 EDGAR
  14. Jun 30, 20268-K CURRENT REPORT EDGAR
  15. Jun 30, 2026S-3 REGISTRATION STATEMENT EDGAR
  16. Jun 9, 20264 EDGAR
  17. Jun 9, 20264 EDGAR
  18. Jun 9, 20264 EDGAR
  19. Jun 9, 20264 EDGAR
  20. Jun 9, 20264 EDGAR

The 134 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

14 open-market trades by officers, directors and large owners since October 2021: 10 buys and 4 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Aug 19, 2026Seidl RandyChief Executive OfficerBuy110,000$0.95$104.5KForm 4
Aug 19, 2026Seidl RandyChief Executive OfficerBuy110,000$0.95$104.5KForm 4
May 22, 2026Seidl RandyChief Executive OfficerBuy4,000$2.58$10.3KForm 4
May 21, 2026Seidl RandyChief Executive OfficerBuy30,000$2.53$75.9KForm 4
May 20, 2026Seidl RandyChief Executive OfficerBuy8,514$1.73$14.7KForm 4
Sep 12, 2025DICKERSON LYMAN BDirectorSale4,787$5.78$27.7KForm 4
Sep 11, 2025DICKERSON LYMAN BDirectorSale398$5.80$2.3KForm 4
Sep 10, 2025DICKERSON LYMAN BDirectorSale215$5.55$1.2KForm 4
Sep 9, 2025DICKERSON LYMAN BDirectorSale1,917$5.24$10.0KForm 4
May 22, 2025Seidl RandyChief Executive OfficerBuy4,000$2.58$10.3KForm 4
May 21, 2025Seidl RandyChief Executive OfficerBuy30,000$2.53$75.9KForm 4
May 20, 2025Seidl RandyChief Executive OfficerBuy8,514$1.73$14.7KForm 4
Feb 6, 2025DACIER PAUL T10% ownerBuy13,173$11.39$150.0KForm 4
Dec 31, 2024DACIER PAUL T10% ownerBuy8,782$11.39$100.0KForm 4

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
Meteora Capital, LLC585,802$1.2M0.1%−52,485
Knott David M Jr101,686$210.5K0.1%No change
Jpmorgan Chase & Co39,172$90.1K0.0%+30,882
Vanguard Capital Management LLC39,643$82.1K0.0%No change
Geode Capital Management, LLC27,808$57.6K0.0%−2,730
Magnetar Financial LLC23,970$49.6K0.0%No change
Apollo Management Holdings, L.P.23,970$49.6K0.0%No change
Polar Asset Management Partners Inc.23,970$41.9K0.0%No change
Vanguard Fiduciary Trust Co17,159$35.5K0.0%No change
UBS Group AG14,703$30.4K0.0%−19,809
Tower Research Capital LLC (TRC)2,950$6.1K0.0%+1,748
Morgan Stanley950$2.0K0.0%No change
Citigroup Inc274$5670.0%New
Wolverine Asset Management LLC77$1590.0%New
SBI Securities Co., Ltd.18$370.0%+15
Caitong International Asset Management Co., Ltd3$60.0%+2

13F reports cover disclosed long positions in U.S. stocks only.

SEC filer profile

How Rain Enhancement Technologies Holdco, Inc. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARRain Enhancement Technologies Holdco, Inc.1
  • CIK0002028293
  • Employer ID (EIN)99-352715510
  • Filer statusNon-accelerated filer an emerging growth company; a smaller reporting company; not a shell company10
  • Incorporated inMassachusetts10
  • Fiscal year endsDecember 311
  • Industry code (SIC)3590 Misc Industrial & Commercial Machinery & Equipment1
  • SEC reviewing officeOffice of Technology, Division of Corporation Finance1
  • Business address4851 Tamiami Trail N, Suite 200, Naples, FL 341031
  • Phone50836166991
  • Shares outstanding8,131,081 Common Class A shares; 57,752 Common Class B shares as of Apr 15, 202610
  • Public float$7.3M as of Jun 30, 202510
  • AuditorWithumSmith+Brown, PC, Whippany, New Jersey PCAOB ID 100; no auditor attestation of internal control over financial reporting10
  • On EDGAR sinceJun 26, 20241
  • Filings134 in all: 8-K (19), 4 (17), 424B3 (17), 3 (11), 425 (9), CORRESP (6), SCHEDULE 13G/A (6), 10-Q (5)1
    All 30 form types

    EFFECT (5), SCHEDULE 13G (5), S-4/A (4), UPLOAD (4), 10-K (2), 3/A (2), 4/A (2), DRS/A (2), DRSLTR (2), NT 10-K (2), POS AM (2), SCHEDULE 13D/A (2), 424B5 (1), 8-A12B (1), CERT (1), DRS (1), S-1 (1), S-1/A (1), S-3 (1), S-3/A (1), S-4 (1), SCHEDULE 13D (1)

  • Latest filingsAnnual report (10-K) Apr 15, 2026
    Quarterly report (10-Q) Aug 14, 2026
    Latest 8-K (8-K) Sep 23, 2026

Securities registered for trading

ClassSymbolExchange
Class A common stock, par value $0.0001 per shareRAINNasdaq
Redeemable warrants, each whole warrant exercisable for one share of Class A common stock at an exercise price of $11.50RAINWNasdaq

From the cover page of the 10-K filed Apr 15, 2026 (Section 12(b) of the Exchange Act).10

Risk factors and legal proceedings

The risks Rain Enhancement Technologies Holdco, Inc. names in Item 1A of its 10-K filed Apr 15, 2026: 63 risks under these headings, as written.10

  • Risks Relating to RET’s Status as an Emerging Company
  • RET has a limited operating history and has generated limited revenues to date, which makes it difficult to forecast its future results of operations.
  • RET expects to incur significant expenses and losses for the foreseeable future.
  • RET’s estimates of market opportunity and growth forecasts may prove to be inaccurate.
  • RET’s growth is dependent upon its ability to successfully support and service its clients.
  • RET may not manage growth effectively.
  • RET will need additional capital to pursue its business objectives and respond to business opportunities, challenges or unforeseen circumstances, and it cannot be sure that additional financing will be available.
  • Risks Relating to RET’s Business and Industry
  • We have a history of operating losses, limited cash resources and substantial doubt exists about our ability to continue as a going concern.
  • We have identified material weaknesses in our internal control over financial reporting. Such material weaknesses could continue to adversely affect our ability to report our results of operations and financial condition accurately and in a timely manner, could result in the loss of investor confidence, listing deficiencies or delisting from Nasdaq and litigation and adversely affect the trading of our securities.
  • RET can provide no assurance of the effectiveness and success of AEI technology in increasing precipitation.
  • RET’s AEI technology is still being evaluated through pilot deployments and ongoing testing, and we face challenges in demonstrating consistent and repeatable rain and snowfall generation. If RET cannot successfully overcome those barriers, its business will be negatively impacted and could fail.
The other 53 risks
  • RET has not demonstrated it can market and sell its AEI technology and faces market barriers to entry that it may not be able to overcome.
  • RET may not be able to manufacture its technology at the pace, scale and volume needed to generate and meet market demand.
  • The markets for rain and snowfall generation-related products are in nascent stages, and RET may have limited opportunities to license our technologies or sell its products.
  • RET may be harmed by competing technologies.
  • RET is dependent on its suppliers and manufacturers, and supply chain issues could delay the introduction of RET’s product and negatively impact its business and operating results.
  • RET’s products may not achieve market success, but will still require significant costs to develop.
  • RET intends to make significant investments in new products and services that may not achieve technological feasibility or profitability or that may limit RET’s revenue growth.
  • RET may fail to obtain statistically significant results that demonstrate its ability to enhance rainfall.
  • RET may not be able to accurately estimate the future supply and demand for its AEI technology, which could result in a variety of inefficiencies in its business and hinder its ability to generate revenue. If RET fails to accurately predict how clients will adopt its platform, it could incur additional costs or experience delays.
  • RET may fail to accurately estimate the size and growth of client demands.
  • RET may fail to find adequate sites to operate its platform and machinery.
  • RET may be affected by failures of its clients, both private and public, to meet their payment obligations.
  • RET’s clients may refuse to pay for rain and snowfall generation services that directly or indirectly benefit other nearby parties.
  • RET’s future success depends in part on recruiting and retaining key personnel and failure to do so may make it more difficult for us to execute the business strategy.
  • RET’s operations, projects and prospects will be located in remote areas, and its production, processing and product delivery will rely on the infrastructure and skilled labor being adequate and remaining available.
  • RET’s business is dependent on the international market prices of energy and fiberglass, among other materials, which are both cyclical and volatile.
  • System security and data protection breaches, as well as cyber-attacks, could disrupt RET’s operations, which may damage RET’s reputation and adversely affect its business.
  • Unfavorable conditions in RET’s industry or the global economy, could limit RET’s ability to grow its business and negatively affect its results of operations.
  • Holdco may invest in or acquire other businesses in the future, which may or may not be complementary to the RET business. Investing in or acquiring other businesses will require the devotion of a significant amount of time and resources, may not be successful, and could negatively impact Holdco’s results of operations, financial condition and liquidity.
  • Risks Relating to the Environment, Health and Safety
  • The efficacy of RET’s machines could be materially adversely affected by changes in weather conditions generally, including variability and longer-term shifts in climate patterns, as a result of climate change or otherwise.
  • Clients and others may hold RET accountable for changing environmental and/or weather conditions, including challenges resulting from excessive rain.
  • Clients and others dependent on RET’s services may hold RET accountable for any failures to fulfill increased rainfall expectations.
  • ESG issues, including those related to climate change and sustainability, may have an adverse effect on RET’s business, financial condition and results of operations and could damage our reputation.
  • Political, regulatory and social opposition to our activities could adversely impact RET’s business and reputation.
  • Risks Relating to Intellectual Property & Technology
  • Existing AEI technologies may largely be in the public domain and RET’s competitors could develop and commercialize products similar or identical to RET’s, and its ability to successfully commercialize its products may be adversely affected. Therefore, success of RET’s business is dependent on its ability to create and implement new technologies and to obtain and maintain patent protection for such technologies.
  • If RET fails to protect and enforce its existing and future technology and intellectual property, its business will suffer.
  • The intellectual property rights of others may prevent RET from commercializing its products or developing new technology or entering new markets, and RET’s business may suffer or be exposed to liability or costly litigation if third parties assert that RET violates their intellectual property rights.
  • If we are unable to develop, access or effectively integrate artificial intelligence (“AI”) and advanced analytics capabilities in the future, or if we face increased costs, regulatory scrutiny or cybersecurity risks associated with AI, our competitiveness, operations and prospects could be adversely affected.
  • Risks Relating to Regulatory and Legal Matters
  • RET may be subject to certain federal, state and/or local environmental and governmental regulations and laws that limit the scope of its marketplace and affect its business, results of operations and financial condition. Additionally, failure to comply with applicable laws and regulations could subject RET to liability and negatively affect its business, results of operations and financial condition.
  • RET’s ability to expand in certain locations is subject to land restriction policies and permits which we may fail to obtain or which may be terminated or not renewed by governmental authorities.
  • Non-compliance with anti-corruption, anti-bribery, anti-money laundering, financial and economic sanctions and similar laws can subject RET to administrative, civil and criminal fines and penalties, collateral consequences, remedial measures and legal expenses, all of which could materially adversely affect its reputation, business, financial condition, and results of operations.
  • Risks Relating to Ownership of Holdco Securities
  • Unless the context otherwise requires, references in this subsection “— Risks Relating to Ownership of Holdco Securities” to “we”, “us”, and “our” generally refer to Holdco.
  • There can be no assurance that Holdco will be able to comply with the continued listing rules of Nasdaq.
  • An active trading market for Class A Common Stock may not develop or be sustained and the share price of the Class A Common Stock may be volatile.
  • If the benefits of the Business Combination do not meet the expectations of investors or securities analysts, the market price of the Class A Common Stock may decline.
  • The RET Founders have substantial control over Holdco, which could limit other shareholders’ ability to influence corporate matters and could delay or prevent a change in corporate control.
  • The dual class structure may have the effect of concentrating voting control with the holders of Class B Common Stock.
  • The requirements of being a public company may strain Holdco’s resources and distract management and we will incur substantial costs as a result of being a public company.
  • The exercise of registration rights by the Previous Sponsor, New Sponsor, Sponsor Affiliate and certain RET shareholders may adversely affect the market price of the Class A Common Stock.
  • Sales of a substantial number of shares of Class A Common Stock in the public market, particularly sales by our executive officers, directors and significant shareholders, or the perception that these sales could occur, could cause the market price of Class A Common Stock to decline.
  • A decline in the price of Class A Common Stock could affect our ability to raise working capital and adversely impact our ability to continue operations.
  • We do not intend to pay any cash dividends in the foreseeable future and, therefore, any return on your investment in our capital stock must come from increases in the fair market value and trading price of the capital stock.
  • If our stock price fluctuates, you could lose a significant part of your investment.
  • Warrants are exercisable for Class A Common Stock, which would increase the number of shares eligible for future resale in the public market and result in dilution to our shareholders.
  • The Warrants may never be in the money, and they may expire worthless, and the terms of the Warrants may be amended in a manner adverse to a holder if holders of at least 50% of the then outstanding Warrants approve of such amendment. As a result, the exercise price of the Warrants could be increased, the exercise period could be shortened and the number of shares of Class A Common Stock purchasable upon exercise of a Warrant could be decreased, all without your approval.
  • We may redeem your unexpired Warrants prior to their exercise at a time that is disadvantageous to you, thereby making your Warrants worthless.
  • Warrant holders will only be able to exercise their Warrants on a “cashless basis” under certain circumstances, and if they do so, they will receive fewer shares of Class A Common Stock from such exercise than if such warrants were exercised for cash.
  • The Warrants may have an adverse effect on the market price of the Class A Common Stock.
  • The Warrant Agreement designates the courts of the State of New York or the United States District Court for the Southern District of New York as the sole and exclusive forum for certain types of actions and proceedings that may be initiated by holders of the warrants, which could limit the ability of warrant holders to obtain a favorable judicial forum for disputes with the post-Business Combination company.
  • The Warrants are recognized and accounted for as derivative liabilities in accordance with ASC 815 and are recorded at fair value upon issuance with changes in fair value each period reported in earnings, which may have an adverse effect on the market price of the Class A Common Stock.
  • Massachusetts law and the Holdco A&R Articles contain certain provisions, including anti-takeover provisions, that limit the ability of stockholders to take certain actions and could delay or discourage takeover attempts.
  • The provisions of the Holdco A&R Articles requiring exclusive forum in the courts of the Commonwealth of Massachusetts and the federal district courts of the United States for certain types of lawsuits may have the effect of discouraging lawsuits against our directors and officers.
  • Holdco is an “emerging growth company” and a “smaller reporting company” within the meaning of the Securities Act, and if we take advantage of the reduced reporting requirements applicable to smaller reporting companies and emerging growth companies could make the Class A Common Stock less attractive to investors.

Legal proceedings

There is no material litigation, arbitration or governmental proceeding currently pending against us or any members of our management team.

The opening of Item 3, Legal Proceedings.10

Sources

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    SEC EDGAROther events
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