Meteora Capital reports 5.70% stake in Rain Enhancement (RAIN)
Rhea-AI Filing Summary
Meteora Capital, LLC and Vik Mittal report a significant ownership position in Rain Enhancement Technologies Holdco, Inc. They jointly report beneficial ownership of 585,802 shares of Class A Common Stock, representing 5.70% of the class as of June 30, 2026. All of these shares are held through certain funds and managed accounts for which Meteora Capital acts as investment manager, and are reported as having shared voting and shared dispositive power, with no sole voting or dispositive power. The filing states that Meteora Capital, a Delaware limited liability company, and Vik Mittal, its Managing Member and a U.S. citizen, are the reporting persons, but it also notes that this should not be construed as an admission that they are the beneficial owners for purposes of Section 13 of the Securities Exchange Act.
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Key Figures
Key Terms
beneficial owner regulatory
Section 13 of the Act regulatory
FAQ
What ownership stake in RAIN does Meteora Capital report in this Schedule 13G/A?
Who are the reporting persons in Rain Enhancement Technologies (RAIN) Schedule 13G/A?
Does Meteora Capital claim sole dispositive power over its RAIN holdings?
What disclaimer about beneficial ownership is included in the RAIN Schedule 13G/A?
Where are the reporting persons for the RAIN Schedule 13G/A based?
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