Meteora discloses 8.27% stake in Rain Enhancement Technologies (RAIN)
Filing Impact
Filing Sentiment
Form Type
SCHEDULE 13G
Rhea-AI Filing Summary
Meteora Capital, LLC and its managing member Vik Mittal report beneficial ownership of Class A common stock of Rain Enhancement Technologies Holdco, Inc. They report beneficial ownership of 672,694 shares, representing 8.27% of the outstanding Class A common stock.
The shares are held by certain funds and managed accounts for which Meteora Capital acts as investment manager, with shared voting and dispositive power over all 672,694 shares and no sole voting or dispositive power. The holders state the position was acquired and is held in the ordinary course of business and not for the purpose of changing or influencing control of the company.
Positive
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Negative
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FAQ
What ownership stake in RAIN does Meteora Capital report on this Schedule 13G?
Meteora Capital reports beneficial ownership of 672,694 shares of Rain Enhancement Technologies Holdco, Inc. Class A common stock, representing 8.27% of the class. The shares are held through certain funds and managed accounts for which Meteora Capital serves as investment manager.
Who are the reporting persons on this Rain Enhancement Technologies (RAIN) Schedule 13G?
The reporting persons are Meteora Capital, LLC, a Delaware limited liability company, and Vik Mittal, a United States citizen who serves as Meteora Capital’s Managing Member. They report on Class A common stock of Rain Enhancement Technologies Holdco, Inc. held by Meteora-managed funds.
Is Meteora Capital’s RAIN position intended to influence control of Rain Enhancement Technologies?
The filing states the securities were acquired and are held in the ordinary course of business, not for the purpose or effect of changing or influencing control of Rain Enhancement Technologies Holdco, Inc., other than activities solely in connection with a nomination under the specified SEC proxy rule.
When did the reported ownership event occur for Meteora Capital’s RAIN stake?
The date of the event requiring this Schedule 13G filing is reported as January 31, 2026. As of that date, Meteora Capital and Vik Mittal, through Meteora-managed funds and accounts, beneficially owned 672,694 shares, or 8.27% of Rain Enhancement Technologies’ Class A common stock.