Form 8-K
8-K — Rain Enhancement Technologies Holdco, Inc.
Accession: 0001213900-26-040466
Filed: 2026-04-06
Period: 2026-03-31
CIK: 0002028293
SIC: 3590 (MISC INDUSTRIAL & COMMERCIAL MACHINERY & EQUIPMENT)
Item: Entry into a Material Definitive Agreement
Item: Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant
Item: Financial Statements and Exhibits
Documents
8-K — ea0285291-8k_rain.htm (Primary)
EX-10.1 — AMENDMENT TO LOAN AGREEMENT, EFFECTIVE AS OF MARCH 31, 2026, BY AND BETWEEN RAIN ENHANCEMENT TECHNOLOGIES HOLDCO, INC. AND RHY MANAGEMENT LLC. (ea028529101ex10-1.htm)
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities
Exchange Act of 1934
Date of Report (Date of earliest event reported):
March 31, 2026
RAIN ENHANCEMENT TECHNOLOGIES HOLDCO, INC.
(Exact name of registrant as specified in its charter)
Massachusetts
001-42460
99-3527155
(State or other jurisdiction
of incorporation)
(Commission File Number)
(IRS Employer
Identification No.)
4851 Tamiami Trail N, Suite 200
Naples, FL 34103
(Address of principal executive offices, including
zip code)
Registrant’s telephone number, including
area code: 339-222-6714
1659 Chinaberry Ct.
Naples, FL 34105
(Former name or former address, if changed since
last report)
Check the appropriate box below if the Form 8-K
filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
☐
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b)
of the Act
Title of each class
Trading Symbol(s)
Name of each exchange on which registered
Class A common stock, par value $0.0001 per share
RAIN
The Nasdaq Stock Market LLC
Redeemable warrants, each whole warrant exercisable for one share of Class A common stock at an exercise price of $11.50
RAINW
The Nasdaq Stock Market LLC
Indicate by check mark whether the registrant
is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the
Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☒
If an emerging growth company, indicate by check
mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting
standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 1.01 Entry into a Material Definitive Agreement.
Effective as of March 31, 2026, Rain Enhancement Technologies Holdco,
Inc. (the “Company”) and RHY Management LLC, an affiliate of Harry You, the Company’s chairman and a beneficial owner
of more than 10% of the Company’s Class A common stock and Class B common stock, (“RHY”) entered into an amendment (the
“Loan Agreement Amendment”) to that certain Loan Agreement between RHY and the Company, dated as of December 30, 2024 (the
“Loan Agreement”), increasing the amount that could be borrowed by the Company under the line of credit (the “LOC”)
pursuant to the Loan Agreement from $7,000,000 to $10,000,000.
The foregoing description does not purport to be complete and is qualified
in its entirety by reference to the full text of the Loan Agreement Amendment. A copy of the Loan Agreement Amendment is filed as Exhibit
10.1 to this Current Report on Form 8-K and incorporated herein by reference.
Item 2.03 Creation of a Direct Financial Obligation or an Obligation
under an Off-Balance Sheet Arrangement of a Registrant.
The information relating to the Loan Agreement Amendment contained
in Item 1.01 of this Current Report on Form 8-K is incorporated by reference into this Item 2.03 to the extent required herein.
As previously disclosed, the LOC bears interest at the greater of 5%
per annum or the applicable IRS short-term rate in the month of each drawdown (“Interest Rate”), payable quarterly in arrears.
If a quarterly payment is missed, the loan balance increases by an amount equal to the principal multiplied by the Default Rate (as defined
below). If an event of default has occurred and is continuing, then upon written notice by RHY to the Company, the outstanding principal
balance and any unpaid accrued interest will accrue interest at 2% above the Interest Rate (the “Default Rate”).
1
Item 9.01. Financial Statements and Exhibits.
(d)
Exhibits.
10.1
Amendment to Loan Agreement, effective as of March 31, 2026, by and between Rain Enhancement Technologies Holdco, Inc. and RHY Management LLC.
104
Cover Page Interactive Data File (embedded within the Inline XBRL document)
2
SIGNATURES
Pursuant to the requirements
of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto
duly authorized.
Date: April 6, 2026
RAIN ENHANCEMENT TECHNOLOGIES HOLDCO, INC.
By:
/s/ Oanh Truong
Name:
Oanh Truong
Title:
Interim Chief Financial Officer
3
EX-10.1 — AMENDMENT TO LOAN AGREEMENT, EFFECTIVE AS OF MARCH 31, 2026, BY AND BETWEEN RAIN ENHANCEMENT TECHNOLOGIES HOLDCO, INC. AND RHY MANAGEMENT LLC.
EX-10.1
Filename: ea028529101ex10-1.htm · Sequence: 2
Exhibit 10.1
AMENDMENT
TO LOAN AGREEMENT
This Amendment to the Loan
Agreement (as defined herein) (this “Amendment”) is made and entered into as of March 31, 2026, by and among Rain Enhancement
Technologies Holdco, Inc., a Massachusetts corporation (the “Borrower”), RHY Management LLC, a limited liability company
controlled by Harry L. You (the “Lender”) and Harry L. You (“Mr. You”). Capitalized terms used but
not defined herein shall have the meanings ascribed to them in the Loan Agreement.
RECITALS
WHEREAS, Borrower, Lender
and Mr. You entered into that certain Loan Agreement, dated as of December 30, 2024, as amended, restated, supplemented or modified from
time to time (the “Loan Agreement”);
WHEREAS, on the terms and
subject to the conditions set forth herein, the Lender is willing and the Borrower desires to increase the Commitment of the Loan Agreement
from up to Seven Million Dollars ($7,000,000) to up to Ten Million Dollars ($10,000,000) (the “Commitment Increase”);
WHEREAS, the terms of the
Loan Agreement may be amended with the written consent of the Borrower, Lender and Mr. You.
NOW, THEREFORE, for good and
valuable consideration, the receipt of which is hereby acknowledged, Borrower, Lender and Mr. You agree as follows:
1. Amendments to Promissory Note.
a. Recitals.
Borrower, Lender and Mr. You acknowledge and agree that the recitals set forth above are true and correct and are hereby incorporated
into and made a part of this Amendment.
b. Principal
Increase. The Commitment of the Loan Agreement is hereby increased to up to Ten Million Dollars ($10,000,000) to reflect the
Commitment Increase. All references to the Commitment or similar words used in the Loan Agreement shall be deemed to refer to the
Commitment as amended by this Amendment, as the same may be further amended, replaced, supplemented or otherwise modified from time
to time.
2. No Further Amendment. Except as expressly amended and
modified by this Amendment, the Loan Agreement is and shall continue to be in full force and effect in accordance with the terms thereof.
3. Counterparts. This Amendment may be executed in any number
of counterparts, each of which shall be deemed an original, but all of which together shall constitute one instrument. The parties hereto
confirm that any electronic copy of another party’s executed counterpart of this Amendment (or such party’s signature page
thereof) will be deemed to be an executed original thereof.
4. Governing Law. THIS AMENDMENT SHALL BE GOVERNED BY AND
CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK APPLICABLE TO CONTRACTS MADE IN AND TO BE PERFORMED WITHIN THE STATE OF
NEW YORK, WITHOUT REGARD TO THE CONFLICTS OF LAW PRINCIPLES THEREOF.
5. Further Assurances. The parties hereto shall do and perform
or cause to be done and performed, all such further acts and things, and shall execute and deliver all such other agreements, certificates,
instruments and documents, as the other party may reasonably request in order to carry out the intent and accomplish the purposes of
this Amendment and the consummation of any transactions contemplated hereby.
[Signature page follows]
IN WITNESS WHEREOF, the parties have executed this
Amendment as of the date first set forth above.
RAIN ENHANCEMENT TECHNOLOGIES
HOLDCO, INC.,
as the Borrower
By:
/s/ Randy Seidl
Name:
Randy Seidl
Title:
Chief Executive Officer
RHY MANAGEMENT LLC,
as the Lender
By:
/s/ Harry L. You
Name:
Harry L. You
Title:
MR. YOU:
/s/ Harry L. You
Harry L. You
[Signature Page to Amendment to Loan Agreement]
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