January 29, 2025 · Form 4 insider transaction
You Harry L. bought 43,910 shares of RAIN at $11.39 per share, a transaction worth $500.1K. The trade was recorded as grant or award and disclosed on an SEC Form 4, filed 2 days after the transaction.
In connection with the closing of the business combination ("Business Combination") between Coliseum Acquisition Corp. ("Coliseum"), Rain Enhancement Technologies, Inc. ("RET"), and Rain Enhancement Technologies Holdco, Inc. (the "Issuer"), Mr. You subscribed to purchase an aggregate of 43,910 shares of the Issuer's Class A common stock, par value $0.0001 per share ("Class A Common Stock") at a price of approximately $11.39 per share in a private placement pursuant to a Subscription Agreement dated as of December 23, 2024, by and among Mr. You and the Issuer. Such subscription closed on January 29, 2025.; Represents shares held by RHY 2021 Irrevocable Trust (the "Trust"). Mr. You is the settlor and investment officer of the Trust, and his son is the beneficiary of the Trust. Accordingly, Mr. You may be deemed to have a pecuniary interest in the securities held by the Trust. Mr. You disclaims beneficial ownership of such securities except to the extent of his pecuniary interest therein.