Rain Enhancement Technologies Holdco Inc（RAIN）资讯与事件RAINRain Enhancement Technologies Holdco Inc

Rain Enhancement Technologies Receives Permit for Weather Enhancement Project in Colorado

Rain Enhancement Technologies announced that the Colorado Water Conservation Board, CWCB, has issued a permit for the Company's weather enhancement project targeting Colorado's Upper Yampa River Basin. The permit follows an October 14, 2026 public hearing at which no objections were raised, and authorizes RET to install and operate the WETA for one year, with installation to begin this month. The Upper Yampa project becomes the ninth permitted weather modification program in Colorado, according to the CWCB, and RET's second in the state, joining its program in Weld County.

RAIN and Tensor Networks Enter Binding Letter of Intent for Merger

Rain Enhancement Technologies and Tensor Networks entered into a binding letter of intent for a business combination that would result in Tensor Networks becoming part of RAIN's publicly traded holding company upon closing. The transaction is anticipated to close in the first quarter of 2027, subject to customary closing conditions. Founded in 2019, Tensor Networks develops predictive AI infrastructure technology, including its patent-pending Predictive Tensor Control Plane and Tensor Network Quantum Gravity frameworks. Tensor Networks describes its approach as "Safe AI". PTCP combines predictive workload orchestration with topological caging, an approach designed to isolate AI workloads behind independent hardware boundaries intended to help contain threats and limit data exfiltration or lateral movement across AI infrastructure. Upon closing, RET and Tensor Networks would each continue to operate as a wholly owned operating subsidiary of RAIN, pursuing its own commercial strategy under its own management team, rather than being operationally merged with one another - RAIN becoming a multi-technology holding company, not a combined rainfall-and-AI business. Each of the operating companies will leverage shared general and administrative resources. Transaction Highlights: All-stock transaction, with 100% of Tensor Networks' securities rolling into RAIN Tensor Networks' equity holders expected to own approximately 90% of the fully diluted equity of the combined company, with RAIN's existing shareholders retaining approximately 10%, in each case prior to dilution from the contemplated financing described below RAIN's outstanding debt to be converted, restructured, or forgiven on mutually agreeable terms prior to or concurrently with closin. A minimum of $25M in gross proceeds from an equity or equity-linked financing is a condition to closing; net proceeds are expected to fund Tensor Networks' growth and working capital Eric Frazier, Founder and CEO of Tensor Networks, will become CEO of RAIN; Randy Seidl, CEO of RAIN, will become President of RAIN, both reporting to the Board of Directors RAIN insiders, Tensor Networks insiders, and Tensor Networks employees will be subject to lock-up agreements of 12-18 months following closing. The transaction remains subject to due diligence, negotiation and execution of a definitive transaction agreement, Nasdaq granting RAIN's pending request for continued listing, Nasdaq approval of the combined company's initial listing application, and other customary closing conditions.

Rain Enhancement Technologies Signs Agreement with California Highway Patrol

Rain Enhancement Technologies entered into a Letter of Agreement with the California Highway Patrol and the California Department of Transportation. The agreement involves testing RET's fog mitigation technology, known as FREA, at the Caltrans Dynamic Test Facility located at the CHP Academy in West Sacramento, California. Under the one-year agreement, which runs through August 2027, the company will place, operate, and monitor FREA equipment at the CDTF to gather field data on the system's ability to reduce fog density and improve visibility. The engagement builds on RET's Weather Enhancement Technology Array platform, best known for ionization-based rainfall and snowpack generation, and reflects the company's continued development of fog mitigation applications alongside its core rainfall enhancement business.