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Meteora Capital reports 5.70% stake in Rain Enhancement (RAIN)

(Moderate)
(Neutral)
Form Type
SCHEDULE 13G/A

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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Beneficial ownership 585,802 shares Class A Common Stock reported as beneficially owned as of June 30, 2026
Ownership percentage 5.70 % Percent of Rain Enhancement Technologies Holdco, Inc. Class A Common Stock
Shared voting power 585,802 Number of shares over which reporting persons share voting power
Sole voting power 0 Number of shares over which reporting persons have sole voting power
Shared dispositive power 585,802 Number of shares over which reporting persons share dispositive power
beneficial owner regulatory
"not be construed as an admission that any of the Reporting Persons is, for the purposes of Section 13 of the Act, the beneficial owner"
A beneficial owner is the person who ultimately owns or controls a financial asset or property, even if their name isn't directly on official documents. Think of it like someone who secretly holds the keys to a safe deposit box—others may appear to have access, but the true owner is the one who benefits from what's inside. Identifying beneficial owners helps ensure transparency and prevent illegal activities like money laundering or fraud.
shared voting power financial
"Shared Voting Power 585,802.00"
Shared voting power occurs when two or more parties jointly have the right to vote or decide how a block of company shares is cast, like co-owners who must agree before moving a piece of furniture. Investors care because who controls voting rights affects board elections, major corporate decisions and takeover outcomes, and shared control can alter regulatory disclosures and the practical influence any holder has over a company’s direction and value.
shared dispositive power financial
"Shared Dispositive Power 585,802.00"
Section 13 of the Act regulatory
"for the purposes of Section 13 of the Act, the beneficial owner"

FAQ

What ownership stake in RAIN does Meteora Capital report in this Schedule 13G/A?

Meteora Capital and Vik Mittal report beneficial ownership of 585,802 shares of Rain Enhancement Technologies Holdco, Inc. Class A Common Stock, representing 5.70% of the outstanding class as of June 30, 2026.

Who are the reporting persons in Rain Enhancement Technologies (RAIN) Schedule 13G/A?

The reporting persons are Meteora Capital, LLC, a Delaware limited liability company, and Vik Mittal, its Managing Member, reporting shares held by funds and managed accounts advised by Meteora Capital.

How much voting power over RAIN shares does Meteora Capital report?

The filing reports 0 shares with sole voting power and 585,802 shares with shared voting power. The same 585,802 shares are also reported with shared dispositive power, reflecting control shared through Meteora-managed funds.

Does Meteora Capital claim sole dispositive power over its RAIN holdings?

No. Meteora Capital reports 0 shares with sole dispositive power and 585,802 shares with shared dispositive power, indicating decisions to sell or transfer these shares are shared, not unilateral.

What disclaimer about beneficial ownership is included in the RAIN Schedule 13G/A?

The reporting persons state that the filing “should not be construed as an admission” that they are beneficial owners of the reported Common Stock for purposes of Section 13 of the Securities Exchange Act.

Where are the reporting persons for the RAIN Schedule 13G/A based?

The principal business office for both reporting persons is listed as 1200 N Federal Hwy, #200, Boca Raton, FL 33432, while the issuer’s principal executive offices are in Naples, Florida.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Learn about SEC filing dates





75080J103

(CUSIP Number)
06/30/2026

(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)




schemaVersion:


SCHEDULE 13G





SCHEDULE 13G



Meteora Capital, LLC
Signature:Vik Mittal
Name/Title:Mr
Date:08/14/2026