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Meteora Capital discloses 7.85% stake in Rain Enhancement (RAIN)

Filing Impact
(Moderate)
Filing Sentiment
(Neutral)
Form Type
SCHEDULE 13G

Rhea-AI Filing Summary

Rain Enhancement Technologies Holdco, Inc. Schedule 13G discloses that Meteora Capital, LLC and Vik Mittal report beneficial ownership of 638,287 shares of Class A Common Stock, representing 7.85% of the class. The filing states Meteora Capital has shared voting and dispositive power over these shares.

Positive

  • None.

Negative

  • None.

Insights

Meteora Capital reports a meaningful passive stake of 7.85% with shared control.

The filing lists 638,287 shares of Class A Common Stock as beneficially owned by the Meteora Funds, with shared voting and shared dispositive power. This indicates coordinated ownership across funds managed by Meteora Capital rather than sole control by a single entity.

Key dependencies include whether holdings are passive under Schedule 13G rules and any future amendments disclosing changes in position; subsequent filings would show trading activity or shifts in voting power.

Shared voting power implies influence but not unilateral control.

The filing attributes shared voting power of 638,287 shares and zero sole voting or dispositive power, suggesting decisions are coordinated with other parties or across Meteora-managed accounts. The report contains a standard disclaimer about beneficial ownership attribution.

Watch for future disclosures or amendments that change voting/dispositive classifications or cross-holdings; timing not specified in the provided excerpt.

Beneficial ownership 638,287 shares Class A Common Stock
Percent of class 7.85% Percent of Class A Common Stock
Shared voting power 638,287 shares Reported shared voting power
Shared dispositive power 638,287 shares Reported shared dispositive power
Sole voting power 0 Reported sole voting power
Sole dispositive power 0 Reported sole dispositive power
Schedule 13G regulatory
"Schedule 13G discloses beneficial ownership and is used for passive investors"
A Schedule 13G is a formal document that investors file with the government when they acquire a large ownership stake in a company, usually for investment purposes rather than control. It helps keep the public informed about who owns significant parts of a company's shares, which can influence how the company is managed and how investors make decisions. Filing this schedule is important for transparency and understanding the ownership landscape of publicly traded companies.
Beneficial ownership regulatory
"Amount beneficially owned: 638287 (represents economic interest)"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
Shared dispositive power regulatory
"Shared dispositive power: 638,287.00 (ability to direct dispositions jointly)"





75080J103

(CUSIP Number)
03/31/2026

(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:05/15/2026

FAQ

What stake does Meteora Capital report in RAIN?

Meteora Capital reports beneficial ownership of 638,287 shares of Class A Common Stock, representing 7.85% of the class. The shares are held by funds and managed accounts for which Meteora Capital serves as investment manager.

Who is the reporting person on the Schedule 13G for RAIN?

The reporting persons are Meteora Capital, LLC (as investment manager for the Meteora Funds) and Vik Mittal, the Managing Member. The filing includes a disclaimer about beneficial ownership attribution.

What voting and dispositive powers are reported by Meteora Capital for RAIN?

The filing shows shared voting power of 638,287 shares and shared dispositive power of 638,287 shares; it reports zero sole voting and zero sole dispositive power for the reporting persons.

Does the Schedule 13G indicate Meteora Capital exercises sole control over RAIN shares?

No. The Schedule 13G reports no sole voting or dispositive power; control is reported as shared, implying coordinated management across the Meteora Funds rather than unilateral control.

When was the Schedule 13G signed for RAIN and by whom?

The signature block shows Vik Mittal signed the filing on 05/15/2026 as the reporting person representing Meteora Capital and related funds.