Rain Enhancement Technologies went public via a SPAC merger with Coliseum Acquisition in a $76m deal.

Rain Enhancement Technologies, an emerging company developing rainfall generation technology, went public via a SPAC merger with Coliseum Acquisition, a publicly traded special purpose acquisition company, in a $76m deal. "As a public company, RET Holdco is well-positioned to help meet the global demand from private industries and governments for sustainable access to water. We are confident that the Company’s rainfall ionization platform will not only play a role in addressing this demand, but also ultimately generate value to all of its stakeholders. We look forward to further innovating and deploying RET’s technology as well as other cutting edge technologies,” Harry You, Coliseum Chairman of the Board.