Rain enhancement applied sciences investor Paul Dacier buys $100k in inventory

Paul T. Dacier, a big shareholder of Rain Enhancement Applied sciences Holdco, Inc. (NASDAQ:RAIN), has acquired 8,782 shares of the corporate’s Class A typical inventory. The shares have been bought at roughly $11.39 every, totaling round $100,026. The micro-cap firm, at present valued at $3.97 million, has seen its inventory surge over 430% prior to now yr. In keeping with InvestingPro evaluation, the inventory seems overvalued at present ranges, with a Honest Monetary Well being Rating of two.27. This transaction was accomplished as a part of a personal placement linked to a enterprise mixture involving Coliseum Acquisition Corp. and Rain Enhancement Applied sciences, Inc. Following this acquisition, Dacier holds a complete of 1,848,104 shares not directly by means of Rainwater LLC. Need deeper insights into RAIN’s valuation and insider buying and selling patterns? InvestingPro subscribers get entry to unique monetary metrics and real-time alerts on insider transactions.

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