MITA Overview

Business Combination Announcement: Rain Enhancement Technologies Holdco, Inc. has completed a business combination with Coliseum Acquisition Corp., enabling it to trade on Nasdaq under the ticker symbols "RAIN" and "RAINW" starting January 2, 2025.

Technology and Leadership Goals: The company aims to develop ionization rainfall generation technology to address global water scarcity, with Randy Seidl appointed as Co-CEO to lead its growth and innovation efforts alongside current Co-CEO Christopher Riley.

Business Combination and Extension Vote: Coliseum Acquisition Corp. has scheduled a vote for shareholders on December 23, 2024, regarding the proposed business combination with Rain Enhancement Technologies, Inc., as well as an extension to complete the transaction if necessary.

Redemption Requests: Shareholders wishing to redeem their shares must submit requests for both the Business Combination Meeting and the Extension Meeting by December 19, 2024, at 5:00 p.m. ET, with the redemption price currently estimated at approximately $11.39 per share.

Extraordinary General Meeting Scheduled: Coliseum Acquisition Corp. has announced an extraordinary general meeting for shareholders on December 23, 2024, to discuss the business combination with Rain Enhancement Technologies, Inc., following the SEC's approval of their registration statement.

Business Combination Details: The merger aims to leverage RET's rainfall generation technology to provide reliable water access, with the transaction expected to close in December 2024, pending shareholder approval and other conditions.

Business Combination Announcement: Rain Enhancement Technologies Holdco, Inc. has completed a business combination with Coliseum Acquisition Corp., allowing it to trade on Nasdaq under the ticker symbols "RAIN" and "RAINW" starting January 2, 2025.

Technology and Leadership Goals: RET aims to develop ionization rainfall generation technology to address global water scarcity, while appointing Randy Seidl as Co-CEO to lead its growth and innovation efforts alongside current CEO Chris Riley.