Meteora discloses 8.27% stake in Rain Enhancement Technologies (RAIN)
Rhea-AI Filing Summary
Meteora Capital, LLC and its managing member Vik Mittal report beneficial ownership of Class A common stock of Rain Enhancement Technologies Holdco, Inc. They report beneficial ownership of 672,694 shares, representing 8.27% of the outstanding Class A common stock.
The shares are held by certain funds and managed accounts for which Meteora Capital acts as investment manager, with shared voting and dispositive power over all 672,694 shares and no sole voting or dispositive power. The holders state the position was acquired and is held in the ordinary course of business and not for the purpose of changing or influencing control of the company.
Positive
- None.
Negative
- None.
FAQ
What ownership stake in RAIN does Meteora Capital report on this Schedule 13G?
Who are the reporting persons on this Rain Enhancement Technologies (RAIN) Schedule 13G?
How much voting and dispositive power over RAIN shares does Meteora Capital report?
Is Meteora Capital’s RAIN position intended to influence control of Rain Enhancement Technologies?
When did the reported ownership event occur for Meteora Capital’s RAIN stake?