Paul T. Dacier, a significant shareholder of Rain Enhancement Technologies Holdco, Inc. (NASDAQ:RAIN), acquired 8,782 shares of the company’s Class A common stock. The shares were purchased at approximately $11.39 each, for a total of approximately $100,026. The micro-cap company, currently valued at $3.97M, has seen its stock rise over 430% in the past year. According to InvestingPro analysis, the stock appears to be overvalued at current levels, with a fair financial health score of 2.27. This transaction was completed as part of a private placement related to a business combination involving Coliseum Acquisition Corp. and Rain Enhancement Technologies, Inc. Following this acquisition, Dacier holds a total of 1,848,104 shares indirectly through Rainwater LLC. Want a deeper insight into RAIN’s valuation and insider trading patterns? InvestingPro subscribers get access to exclusive financial metrics and real-time insider trade alerts.
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