Rain Enhancement Technologies Shares Plunge on Trading Debut

Dow Jones

01-03

By Sabela Ojea

Shares of Rain Enhancement Technologies on Thursday plunged after the company began trading on Nasdaq.

The stock was down 46% to $5.67 in afternoon trading.

The developer of ionization rainfall generation technology started trading after having completed its previously announced business combination with special-purpose acquisition company Coliseum Acquisition.

Write to Sabela Ojea at sabela.ojea@wsj.com; @sabelaojeaguix

(END) Dow Jones Newswires

January 02, 2025 13:49 ET (18:49 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

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