Corporate ActionJun 30, 2026, 05:27 PM
Rain Enhancement Technologies to Sell Up to $3.51M in Stock
AI Summary
Rain Enhancement Technologies Holdco, Inc. entered into a Sales Agreement with Needham & Company, LLC to offer and sell up to $3,513,524 of its Class A common stock. The sales will be conducted through an "at the market offering" on The Nasdaq Capital Market. The company intends to use any net proceeds for working capital, capital expenditures, and other general corporate purposes.
Key Highlights
- Entered Sales Agreement with Needham & Company, LLC on June 30, 2026.
- May offer and sell up to $3,513,524 of Class A common stock.
- Sales to be made through an "at the market offering" on Nasdaq.
- Net proceeds for working capital, capital expenditures, and general corporate purposes.
- Sales Agent compensation up to 3.0% of gross sales price.
Price Impact
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