Rainwater Tech to go public via a SPAC merger with dMY Technology VI in a $200m deal.

Rainwater Tech, a rainfall generation technology development company, agreed to go public via a SPAC merger with dMY Technology VI, a publicly traded special purpose acquisition company, in a $200m deal. “Our vision is to be the first company of its kind in the water and climate adaptation space by facilitating the return of rain and moisture where it’s needed most. This transaction enables us to develop, innovate and commercialize rainfall generation technology, backed by an expert management group and a best-in-class team of scientists, engineers, and business development leaders. We are excited to partner with dMY VI and leverage their experience in the area of frontier technologies, and to develop and launch to market augmentation technology and make a positive impact for our investors and our planet,” Mike Nefkens, Rainwater Tech CEO. On March 23, 2023, dMY VI announces intention to transfer to Nasdaq upon completion of merger with Rainwater Tech.