Rain Enhancement Technologies entered into a Sales Agreement with Needham & Company to establish an at-the-market equity offering of up to $3,513,524 of Class A common stock. Shares may be sold from time to time on The Nasdaq Capital Market under a new Form S-3 shelf, with Needham earning up to a 3.0% sales commission. The company plans to use any net proceeds for working capital, capital expenditures, and general corporate purposes.
Agreement details:
- Agreement type: At-the-market equity offering sales agreement
- Counterparty: Needham & Company
- Signed / Effective: Jun 30 2026 / Jun 30 2026
- Duration / Termination: At will
- Reason: Raise capital for working capital and capex
Original SEC Filing:
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