Paul T. Dacier, a major shareholder of Rain Enhancement Technologies Holdco, Inc., has acquired (NASDAQ:RAIN), 8,782 shares of the company's Class A common stock. The shares were purchased for approximately $11.39 per share, for a total of approximately $100,026. The small-cap company, currently valued at $3.97 million, has seen its shares rise more than 430% in the past year. according to InvestingPro By analysis, the stock appears overvalued at current levels, with a Fair Financial Health Score of 2.27. This transaction was completed as part of a private placement associated with a business combination involving Coliseum Acquisition Corp. and Rain Enhancement Technologies, Inc. Following this acquisition, Dacier owns a total of 1,848,104 shares indirectly through Rainwater LLC. Want deeper insights into RAIN's valuation and insider trading patterns? InvestingPro Subscribers get access to exclusive financial metrics and real-time alerts on insider transactions.
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