NEW YORK : Rain Enhancement Technologies Inc, a developer of systems that boost rainfall in arid regions, has agreed to combine with special purpose acquisition company dMY Technology Group VI, the companies told Reuters.
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.
"This is not a technology which creates rain out of blue sky, but it is about maximizing the amount of rain when the conditions are right," Nefkens said.
Izeh has been under complete curfew by the IRGC. The exit and entries have been blocked by the government and their Internet is shut down. IR is planning a massacre. Please be their voice before it's too late! MahsaAmini