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NAPLES, FL—Paul T. Dacier, a significant shareholder of Rain Enhancement Technologies Holdco, Inc. (NASDAQ:RAIN), recently acquired additional shares of the company’s Class A common stock. According to a recent SEC filing, Dacier purchased 13,173 shares at a price of approximately $11.39 per share, bringing the total transaction value to $150,040. The purchase price represents a significant premium to the current trading price of $3.23, with the stock having lost nearly 70% of its value year-to-date, according to InvestingPro data.
This acquisition is part of a subscription agreement related to the business combination between Coliseum Acquisition Corp., Rain Enhancement Technologies, Inc., and Rain Enhancement Technologies Holdco, Inc. The transaction was finalized on February 6, 2025, following the issuance of 8,782 shares in December 2024 as part of the same agreement. The micro-cap company, currently valued at $26.43 million, shows a WEAK financial health score based on InvestingPro metrics, with 12 additional investment insights available to subscribers.
Dacier, who holds a substantial interest in the company through both direct ownership and Rainwater LLC, now owns 1,848,104 shares indirectly. As the sole member of Rainwater LLC, Dacier has voting and investment discretion over the securities held by the entity, although he disclaims beneficial ownership except for his pecuniary interest. The stock is currently trading near its 52-week low of $3.35, with high price volatility characteristic of its trading pattern.
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