Polar Asset Management details 1.8% RAIN (NASDAQ: RAIN) ownership in 13G/A

Rhea-AI Filing Summary

Polar Asset Management Partners Inc. reported beneficial ownership of 143,780 shares of Rain Enhancement Technologies Holdco Inc. Class A common stock, representing 1.8% of the class as of 12/31/2025. This total includes 119,810 shares issuable upon exercise of warrants.

The firm has sole voting and dispositive power over these shares and confirms the holdings are in the ordinary course of business, not for changing or influencing control of the company, and relate to ownership of 5 percent or less of the class.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 1)

Rain Enhancement Technologies Holdco Inc

(Name of Issuer)

Class A common stock, par value $0.0001 per share

(Title of Class of Securities)

75080J103

(CUSIP Number)

12/31/2025

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No. 75080J103

1

Names of Reporting Persons

Polar Asset Management Partners Inc.

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

ONTARIO, CANADA

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 143,780.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 143,780.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

143,780.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

1.8 %

12

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Rain Enhancement Technologies Holdco Inc
(b)	Address of issuer's principal executive offices: 4851 Tamiami Trail N, Suite 200, Naples, FL, 34103
Item 2.
(a)	Name of person filing: This statement is filed by Polar Asset Management Partners Inc., a company incorporated under the laws of Ontario, Canada, which serves as the investment advisor to Polar Multi-Strategy Master Fund, a Cayman Islands exempted company ("PMSMF") with respect to the shares directly held by PMSMF.
(b)	Address or principal business office or, if none, residence: 16 York Street, Suite 2900, Toronto, Ontario, M5J 0E6
(c)	Citizenship: Canada
(d)	Title of class of securities: Class A common stock, par value $0.0001 per share
(e)	CUSIP No.: 75080J103
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
	The Reporting Person is an investment fund manager, portfolio manager, exempt market dealer and commodity trading manager registered with the Ontario Securities Commission.
Item 4.	Ownership
(a)	Amount beneficially owned: 143,780 (including 119,810 shares issuable upon exercising the warrants)
(b)	Percent of class: 1.8 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 143,780 (including 119,810 shares issuable upon exercising the warrants)
	(ii) Shared power to vote or to direct the vote: 0
	(iii) Sole power to dispose or to direct the disposition of: 143,780 (including 119,810 shares issuable upon exercising the warrants)
	(iv) Shared power to dispose or to direct the disposition of: 0
Item 5.	Ownership of 5 Percent or Less of a Class.
	Ownership of 5 percent or less of a class
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Polar Asset Management Partners Inc.

Signature:	Andrew Ma
Name/Title:	Chief Compliance Officer
Date:	02/17/2026

FAQ

What stake in RAIN does Polar Asset Management Partners report?

Polar Asset Management Partners reports beneficial ownership of 143,780 shares of Rain Enhancement Technologies Holdco Inc. Class A common stock, representing 1.8% of the class. This figure includes both currently held shares and shares issuable upon exercise of warrants.

How many RAIN shares held by Polar are tied to warrants?

Polar’s reported 143,780-share position includes 119,810 shares issuable upon exercising warrants. These warrant-linked shares are counted in the beneficial ownership total, reflecting potential equity if the warrants are exercised under their terms.

Does Polar Asset Management Partners have control-related intentions for its RAIN holdings?

Polar states the RAIN securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of the issuer, nor in connection with any transaction intended to have that control-related effect.

What percentage of Rain Enhancement Technologies does Polar own?

Polar Asset Management Partners reports beneficial ownership of 1.8% of Rain Enhancement Technologies Holdco Inc. Class A common stock. This percentage is based on 143,780 shares, including 119,810 shares that could be issued upon warrant exercise.

What type of filer is Polar Asset Management Partners in this RAIN Schedule 13G/A?

Polar Asset Management Partners is described as an investment fund manager, portfolio manager, exempt market dealer and commodity trading manager registered with the Ontario Securities Commission, filing as an investment adviser under the applicable Schedule 13G rules.

Does Polar share voting or dispositive power over its RAIN shares?

Polar reports sole voting and sole dispositive power over 143,780 RAIN shares, including those issuable upon warrant exercise, and reports no shared voting or dispositive power with any other party for this stake.