Amendment to Loan Agreement

2026-04-06SEC Filing 8-K (0001213900-26-040466)

Rain Enhancement Technologies Holdco, Inc. (the “Company”) entered into an amendment to its existing loan agreement with 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. The amendment increases the line of credit available to the Company from $7,000,000 to $10,000,000. The original loan agreement was dated December 30, 2024. The LOC bears interest at the greater of 5% per annum or the applicable IRS short-term rate, payable quarterly in arrears. A default rate of 2% above the interest rate applies if an event of default occurs.

Ticker mentioned:RAIN