Rain Enhancement Technologies and Tensor Networks Enter into Definitive Merger Agreement for Strategic Business Combination

NAPLES, FL AND SUNNYVALE, CA / ACCESS Newswire / November 12, 2026 / Rain Enhancement Technologies Holdco, Inc. (Nasdaq:RAIN) ("RAIN"), the leading provider of ionization weather modification technology, and Tensor Networks ("Tensor Networks"), a privately held developer of predictive AI technology built around the company's "Safe AI" approach to infrastructure security, today announced that they have entered into an Agreement and Plan of Merger (the "Merger Agreement"), dated November 12, 2026, under which Tensor Networks will become a wholly owned subsidiary of RAIN upon closing. The definitive agreement follows the companies' previously announced binding letter of intent. The transaction is expected to close in February 2027, subject to the satisfaction or waiver of closing conditions set forth in the Merger Agreement.

Founded in 2019, Tensor Networks develops predictive AI infrastructure technology, including its patent-pending Predictive Tensor Control Plane (PTCP) and Tensor Network Quantum Gravity (TNQG) frameworks. Tensor Networks describes its approach as "Safe AI." PTCP combines predictive workload orchestration with topological caging, an approach designed to isolate AI workloads behind independent hardware boundaries intended to help contain threats and limit data exfiltration or lateral movement across AI infrastructure.