Form 4: Rain Enhancement Technologies Holdco, Inc.: Executive Paul T. Dacier Reports Acquisition of Class A Common Stock
SEC Form 4 Filing
Paul T. Dacier, a director of Rain Enhancement Technologies Holdco, Inc., reports the acquisition of 13,173 shares of Class A Common Stock at $11.39 per share, along with indirect ownership of 1,848,104 shares through Rainwater LLC.
Summary
- On February 6, 2025, Paul T. Dacier, a director of Rain Enhancement Technologies Holdco, Inc. (RAIN), acquired 13,173 shares of Class A Common Stock at a price of $11.39 per share.
- This acquisition was part of a private placement related to the business combination between Coliseum Acquisition Corp., Rain Enhancement Technologies, Inc. (RET), and Rain Enhancement Technologies Holdco, Inc.
- Dacier also indirectly owns 1,848,104 shares of Class A Common Stock through Rainwater LLC, where he is the sole member.
- Dacier disclaims beneficial ownership of these shares except to the extent of his pecuniary interest.
Sentiment
Score: 5
Explanation: The sentiment is neutral as it's a standard reporting of stock acquisition by a company director. There's no indication of positive or negative implications.
Industry Context
This filing is a standard SEC Form 4, indicating changes in beneficial ownership by an insider. Such filings are common and provide transparency to the market regarding the actions of company insiders.
Stakeholder Impact
- The acquisition of shares by a director may signal confidence in the company's future prospects to shareholders.
Key Dates
| Date | Description |
|---|---|
| December 23, 2024 | Date of Subscription Agreement between Paul T. Dacier and Rain Enhancement Technologies Holdco, Inc. |
| December 31, 2024 | 8,782 shares of Class A Common Stock were issued pursuant to the subscription. |
| February 6, 2025 | Paul T. Dacier acquired 13,173 shares of Class A Common Stock at $11.39 per share. |
| February 10, 2025 | Date of signature for the Form 4 filing. |
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