Meteora Capital Reduces Stake in Rain Enhancement Technologies Holdco, Inc. to 7.85%

Meteora Capital, LLC, along with its Managing Member Vik Mittal, filed a Schedule 13G on May 15, 2026, regarding their holdings in Rain Enhancement Technologies Holdco, Inc. (RAIN). The filing reveals that the investment manager has decreased its position in the company's Class A Common Stock. As of the event date on March 31, 2026, Meteora Capital reported beneficial ownership of 638,287 shares, representing a 7.85% ownership stake. This is a reduction from the previously reported 672,694 shares, which accounted for an .27% stake in the issuer. The shares are held by various funds and managed accounts for which Meteora Capital serves as the investment manager. The filing indicates that the securities were acquired in the ordinary course of business and not for the purpose of changing or influencing the control of the issuer. Both Meteora Capital and Vik Mittal share voting and dispositive power over the reported shares.