The Wall Street entrance to the New York Stock Exchange is seen in New York City, U.S., November 15, 2022. REUTERS/Brendan McDermid
The merger values Rainwater Tech at $200 million, with dMY VI using the $241 million it raised through its initial public offering in October 2021 to capitalize the company. The company's mast, that creates the ionization, can be set up in around four months and produces the effects in a radius of more than 50 miles from the antenna, Nefkens told Reuters in an interview, with Rainwater Tech charging a recurring subscription for the infrastructure and associated data.
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