“Whe we b ought this platfo m public, we said that ou co po ate st uctu e was desig ed to allow us to acqui e additio al busi esses o assets alo gside Rai E ha ceme t Tech ologies, I c. (“RET”) – Te so Netwo ks is a cutti g-edge tech ology compa y that is exactly that ki d of oppo tu ity,” said Ha y You, Chai ma of the Boa d of RAIN. “As AI adoptio accele ates ac oss eve y secto , the secu ity a d eliability of the i f ast uctu e u de eath it is becomi g a defi i g issue, a d Te so Netwo ks has built eal, pate t-pe di g tech ology to add ess it. RET’s wo k with data ce te custome s is accele ati g, a d wate is a i c easi gly impo ta t pa t of that co ve satio . Te so Netwo ks add esses a diffe e t piece of that same i f ast uctu e pictu e, a d havi g both u de the RAIN platfo m gives us eal depth i a ma ket that matte s mo e eve y yea .”
“This t a sactio is a impo ta t ext step i buildi g RAIN i to a multi-tech ology platfo m,” said Ra dy Seidl, Chief Executive Office of RAIN. “Te so Netwo ks gives us a seco d g owth e gi e alo gside RET, a d we believe that dive sificatio is the ight way to build lo g-te m value fo RAIN sha eholde s. I’m looki g fo wa d to pa t e i g with E ic as we move quickly towa d a defi itive ag eeme t.”
Fou ded i 2019, Te so Netwo ks develops p edictive AI i f ast uctu e tech ology, i cludi g its pate t-pe di g P edictive Te so Co t ol Pla e (PTCP) a d Te so Netwo k Qua tum G avity (TNQG) f amewo ks. Te so Netwo ks desc ibes its app oach as “Safe AI”. PTCP combi es p edictive wo kload o chest atio with topological cagi g, a app oach desig ed to isolate AI wo kloads behi d i depe de t ha dwa e bou da ies i te ded to help co tai th eats a d limit data exfilt atio o late al moveme t ac oss AI i f ast uctu e.
Upo closi g, RET a d Te so Netwo ks would each co ti ue to ope ate as a wholly ow ed ope ati g subsidia y of RAIN, pu sui g its ow comme cial st ategy u de its ow ma ageme t team, athe tha bei g ope atio ally me ged with o e a othe – RAIN becomi g a multi-tech ology holdi g compa y, ot a combi ed ai fall-a d-AI busi ess. Each of the ope ati g compa ies will leve age sha ed ge e al a d admi ist ative esou ces.
The t a sactio also eflects the g owi g impo ta ce of secu i g the i f ast uctu e that powe s a tificial i tellige ce. As AI adoptio accele ates ac oss gove me t, defe se, a d e te p ise etwo ks, the systems that oute a d p ocess AI wo kloads have become a i c easi gly att active ta get. Te so Netwo ks says PTCP is desig ed to wo k alo gside existi g e te p ise secu ity platfo ms (SIEM) a d to t igge ha dwa e-level safegua ds i te ded to help co tai th eats a d limit late al moveme t – a app oach the compa y has developed a d tested i pa t th ough th ee U.S. Ai Fo ce co t acts it has bee awa ded a d delive ed agai st.
“As AI capabilities scale, secu ity ca ‘t be a afte thought bolted o to legacy softwa e,” said E ic F azie , Fou de a d Chief Executive Office of Te so Netwo ks. “We built Te so Netwo ks a ou d the idea of Safe AI – usi g i depe de t ha dwa e bou da ies desig ed to help co tai th eats at the sou ce, ot just flag them afte the fact. Joi i g RAIN gives us the platfo m a d capital to b i g that app oach to a much b oade ma ket, a d I’m co fide t this combi atio will c eate eal value fo ou sha eholde s a d custome s alike.”
- All-stock t a sactio , with 100% of Te so Netwo ks’ secu ities olli g i to RAIN
- Te so Netwo ks’ equity holde s expected to ow app oximately 90% of the fully diluted equity of the combi ed compa y, with RAIN’s existi g sha eholde s etai i g app oximately 10%, i each case p io to dilutio f om the co templated fi a ci g desc ibed below
- RAIN’s outsta di g debt to be co ve ted, est uctu ed, o fo give o mutually ag eeable te ms p io to o co cu e tly with closi g
- A mi imum of $25 millio i g oss p oceeds f om a equity o equity-li ked fi a ci g is a co ditio to closi g; et p oceeds a e expected to fu d Te so Netwo ks’ g owth a d wo ki g capital
- E ic F azie , Fou de a d CEO of Te so Netwo ks, will become Chief Executive Office of RAIN; Ra dy Seidl, CEO of RAIN, will become P eside t of RAIN, both epo ti g to the Boa d of Di ecto s
- RAIN i side s, Te so Netwo ks i side s, a d Te so Netwo ks employees will be subject to lock-up ag eeme ts of 12-18 mo ths followi g closi g
- The t a sactio emai s subject to due dilige ce, egotiatio a d executio of a defi itive t a sactio ag eeme t, Nasdaq g a ti g RAIN’s pe di g equest fo co ti ued listi g, Nasdaq app oval of the combi ed compa y’s i itial listi g applicatio , a d othe customa y closi g co ditio s
Te so Netwo ks has bee awa ded, a d has delive ed agai st, th ee U.S. Ai Fo ce co t acts that co t ibuted to the developme t of its tech ology. Its PTCP a d TNQG tech ologies a e pate t pe di g, with post-p ovisio al utility pate t applicatio s submitted i 2026.
White & Case LLP is se vi g as legal cou sel to RAIN, a d TCF Law G oup PLLC is se vi g as Massachusetts legal cou sel to RAIN. Ashu st Pe ki s Coie is se vi g as legal cou sel to Te so Netwo ks.
Rai E ha ceme t Tech ologies (“RET”) is a wholly ow ed subsidia y of RAIN. RET was fou ded to p ovide the wo ld with eliable access to wate , o e of life’s most impo ta t esou ces. To achieve this missio , RET develops, ma ufactu es, a d comme cializes io izatio p ecipitatio ge e atio tech ology that e ha ces ai fall a d s owpack to add ess wate sca city challe ges. The compa y is also developi g applicatio s fo fog mitigatio to expa d its weathe modificatio capabilities. RET’s chemical-f ee, sola -powe ed tech ology seeks to t a sfo m wate esou ce ma ageme t fo busi esses, society, a d the pla et. To lea mo e, go to www.i vesto . ai e ha ceme t.com.
Te so Netwo ks, I c. is a Su yvale, Califo ia-based compa y fou ded i 2019, developi g p edictive AI i f ast uctu e tech ology, i cludi g the P edictive Te so Co t ol Pla e (PTCP) a d Te so Netwo k Qua tum G avity (TNQG). Te so Netwo ks desc ibes PTCP as a “Safe AI” f amewo k that uses topological cagi g a d i depe de t ha dwa e bou da ies desig ed to help co tai th eats to AI i f ast uctu e. Te so Netwo ks has bee awa ded multiple U.S. Ai Fo ce co t acts suppo ti g developme t of its tech ology.
I co ectio with the p oposed t a sactio , RAIN i te ds to file a i fo matio stateme t with the U.S. Secu ities a d Excha ge Commissio (“SEC”) a d othe docume ts ega di g the p oposed t a sactio with the SEC. YOU ARE URGED TO READ THE INFORMATION STATEMENT AND OTHER RELEVANT DOCUMENTS FILED WITH THE SEC CAREFULLY AND IN THEIR ENTIRETY WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT THE TRANSACTION AND THE PARTIES TO THE TRANSACTION. You may obtai a f ee copy of these mate ials (whe they a e available) a d othe docume ts filed by RAIN with the SEC at the SEC’s website at www.sec.gov, at the i vesto elatio s sectio of RAIN’s website located at https://i vesto . ai e ha ceme t.com/.
This p ess elease shall ot co stitute a solicitatio of a p oxy, co se t, o autho izatio with espect to a y secu ities o i espect of the p oposed t a sactio . This p ess elease shall also ot co stitute a offe to sell o the solicitatio of a offe to buy a y secu ities, o shall the e be a y sale of secu ities i a y states o ju isdictio s i which such offe , solicitatio , o sale would be u lawful p io to egist atio o qualificatio u de the secu ities laws of a y such ju isdictio .
This commu icatio does ot co stitute a solicitatio of a p oxy. RAIN, Te so Netwo ks, a d thei espective di ecto s, executive office s a d othe membe s of ma ageme t a d employees, u de SEC ules, may be deemed to be “pa ticipa ts” i the solicitatio of p oxies f om stockholde s of RAIN i favo of the t a sactio . I fo matio about RAIN’s di ecto s a d executive office s is set fo th i RAIN’s A ual Repo t o Fo m 10-K fo the yea e ded Decembe 31, 2025, filed with the SEC o Ap il 15, 2026, i cludi g u de the headi gs “Di ecto s, Executive Office s a d Co po ate Gove a ce”, “Executive Compe satio “, “Secu ity Ow e ship of Ce tai Be eficial Ow e s a d Ma ageme t a d Related Stockholde Matte s” a d “Ce tai Relatio ships a d Related T a sactio s, a d Di ecto I depe de ce”, a d which is available at: https://www.sec.gov/ix?doc=/A chives/edga /data/2028293/000121390026044121/ea0282265-10k_ ai e ha .htm, a d RAIN’s Cu e t Repo t o Fo m 8-K filed with the SEC o Ju e 9, 2026, i cludi g u de the headi g “Item 5.02. Depa tu e of Di ecto s o Ce tai Office s; Electio of Di ecto s; Appoi tme t of Ce tai Office s; Compe sato y A a geme ts of Ce tai Office s” a d which is available at: https://www.sec.gov/ix?doc=/A chives/edga /data/2028293/000121390026066794/ea0294070-8k_ ai .htm. To the exte t holdi gs of RAIN’s secu ities by its di ecto s o executive office s have cha ged si ce the amou ts set fo th i RAIN’s A ual Repo t, such cha ges have bee o will be eflected o I itial Stateme ts of Be eficial Ow e ship o Fo m 3 o Stateme ts of Cha ge i Ow e ship o Fo m 4 filed with the SEC, which a e available at https://www.sec.gov/cgi-bi /ow -disp?actio =getissue &CIK=0002028293. Additio al i fo matio co ce i g the i te ests of the pa ticipa ts i the solicitatio , which may, i some cases, be diffe e t tha those of RAIN’s stockholde s ge e ally, will be set fo th i the i fo matio stateme t elati g to the t a sactio whe it becomes available.
This p ess elease i cludes ce tai stateme ts that a e ot histo ical facts but a e fo wa d-looki g stateme ts fo pu poses of the safe ha bo p ovisio s u de the U ited States P ivate Secu ities Litigatio Refo m Act of 1995. Wo ds such as “expect,” “estimate,” “p oject,” “budget,” “fo ecast,” “a ticipate,” “i te d,” “pla ,” “may,” “will,” “could,” “should,” “believes,” “p edicts,” “pote tial,” a d “co ti ue,” a d simila exp essio s a e i te ded to ide tify such fo wa d-looki g stateme ts. These fo wa d-looki g stateme ts i clude, without limitatio , expectatio s with espect to futu e pe fo ma ce a d a ticipated fi a cial impacts of the p oposed t a sactio , the satisfactio of the closi g co ditio s to the p oposed t a sactio , a d the timi g of the completio of the p oposed t a sactio . These fo wa d-looki g stateme ts i volve sig ifica t isks a d u ce tai ties that could cause the actual esults to diffe mate ially f om the expected esults. Most of these facto s a e outside of the co t ol of RAIN a d Te so Netwo ks a d a e difficult to p edict. Facto s that may cause such diffe e ces i clude, but a e ot limited to: (1) the occu e ce of a y eve t, cha ge o othe ci cumsta ces that could give ise to the te mi atio of the egotiatio s, i ability to e te i to a y subseque t defi itive ag eeme ts with espect to the p oposed busi ess combi atio , o to co summate the p oposed busi ess combi atio , a d the possibility that the te ms a d co ditio s set fo th i a y defi itive ag eeme ts with espect to the p oposed busi ess combi atio may diffe mate ially f om the te ms a d co ditio s set fo th i the Bi di g LOI; (2) the outcome of a y legal p oceedi gs that may be i stituted agai st the pa ties followi g the a ou ceme t of the p oposed busi ess combi atio a d a y defi itive ag eeme ts with espect the eto; (3) the i ability to complete the p oposed t a sactio , i cludi g due to failu e to obtai app oval of the sha eholde s of RAIN a d Te so Netwo ks o othe co ditio s to closi g; (4) RAIN’s i ability to emai listed o Nasdaq du i g the pe de cy of the busi ess combi atio , a d the i ability to obtai o mai tai the listi g of the post-acquisitio compa y’s commo stock o Nasdaq followi g the p oposed t a sactio ; (5) the isk that the p oposed t a sactio dis upts cu e t pla s a d ope atio s as a esult of the a ou ceme t a d co summatio of the p oposed t a sactio ; (6) the ability to ecog ize the a ticipated be efits of the p oposed t a sactio , which may be affected by, amo g othe thi gs, competitio , the ability of the combi ed compa y to g ow a d ma age g owth p ofitably a d etai its key employees; (7) costs elated to the p oposed t a sactio ; (8) cha ges i applicable laws o egulatio s; (9) volatility i RAIN’s stock p ice followi g the a ou ceme t of the p oposed t a sactio ; a d (10) othe isks a d u ce tai ties i cluded i RAIN’s A ual Repo t a d i the docume ts filed o to be filed with the SEC by RAIN a d Te so Netwo ks. The fo egoi g list of facto s is ot exclusive. You should ot place u due elia ce upo a y fo wa d-looki g stateme ts, which speak o ly as of the date made. RAIN a d Te so Netwo ks do ot u de take o accept a y obligatio o u de taki g to elease publicly a y updates o evisio s to a y fo wa d-looki g stateme ts to eflect a y cha ge i thei expectatio s o a y cha ge i eve ts, co ditio s, o ci cumsta ces o which a y such stateme t is based, except as equi ed by law. Past pe fo ma ce by RAIN’s a d Te so Netwo ks’ ma ageme t teams a d thei espective affiliates is ot a gua a tee of futu e pe fo ma ce. The efo e, you should ot place u due elia ce o the histo ical eco d of the pe fo ma ce of RAIN’s a d Te so Netwo ks’ ma ageme t teams o busi esses associated with them as i dicative of futu e pe fo ma ce of a i vestme t o the etu s that RAIN o Te so Netwo ks will, o a e likely to, ge e ate goi g fo wa d.
Neal Stei Tech ology PR Solutio s321-473-7407
Li da May a dRai E ha ceme t Tech ologies(617) 869-4832
