Financing ·
Rain Enhancement Technologies raises up to $3.5M via at-the-market equity offering with Needham & Company
RAINRain Enhancement Technologies Holdco, Inc.
On June 30, 2026, Rain Enhancement Technologies Holdco, Inc. entered into an at-the-market sales agreement with Needham & Company, LLC. The agreement allows the company to offer and sell shares of its Class A common stock with an aggregate offering price of up to $3,513,524. The company will pay the sales agent a commission of up to 3.0% of the gross sales price. Net proceeds are intended for working capital, capital expenditures, and general corporate purposes. The company operates in the weather modification industry, providing rain enhancement technologies.