Rain Enhancement Technologies converts $4M debt to equity at $2.48 per share

Rain Enhancement Technologies Holdco agreed to convert $4 million of outstanding debt into 1,612,903 shares of Class A common stock at a VWAP conversion price of $2.48 per share as of June 5, 2026. This debt-to-equity conversion reduces the company's leverage while providing the creditor RHY Management LLC with equity ownership stake.