Rain Enhancement Technologies signs at-the-market equity sales agreement for up to $3.51 million in shares

Rain Enhancement Technologies Holdco, Inc Class A

Rain Enhancement Technologies Holdco, Inc Class A

RAIN

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  • Rain Enhancement Technologies Holdco entered an at-the-market equity distribution agreement with Needham to sell up to $3.51 million of Class A common stock.
  • Sales can occur from time to time at the company’s discretion, subject to board authorization on share amounts and pricing parameters.
  • Needham will receive up to 3% of gross proceeds from shares sold under the program.
  • Proceeds are earmarked mainly for working capital, capital expenditures, and general corporate purposes.


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