Beverly Hills, California--(Newsfile Corp. - April 2, 2026) - Green Rain Energy Holdings Inc. (OTCID: GREH) today announced the successful completion of a transformational corporate restructuring, eliminating legacy liabilities, executing material financial adjustments, and advancing its corporate audit toward completion by the end of May.

This milestone represents more than a financial update — it is a complete reset of the Company's capital structure, positioning Green Rain for disciplined execution, improved capital access, and long-term shareholder value creation.

A Clean Break — From Legacy Constraints to Financial Clarity
Over the past several months, management undertook a comprehensive, ground-up review of all historical transactions, including convertible debt, accrued liabilities, and legacy asset balances.

The Outcome
Legacy liabilities that were unsupported or non-performing were eliminated or extinguished. Certain convertible instruments were reclassified or removed where conversion features were not valid or enforceable. Unsupported assets were written down or impaired. Prior-period inaccuracies were corrected through GAAP-aligned adjustments.

These actions, performed in accordance with ASC 250, ASC 405, ASC 470, ASC 360, and ASC 820, have resulted in a simplified, transparent, and credible balance sheet — one that reflects only verifiable and economically relevant positions. "This was not a routine cleanup — this was a full reconstruction of the Company's financial foundation," said Alfredo Papadakis, Chief Executive Officer. "We made the decision to address legacy issues head-on and build a structure that reflects reality, discipline, and long-term intent."

Preserving Shareholder Value — Eliminating Potential Dilution at the Source
A critical component of this restructuring was the identification and removal of legacy obligations that carried the potential to convert into common shares.

Had these instruments remained in place, they could have resulted in significant dilution to existing shareholders over time.

By eliminating or restructuring these liabilities, management has:
Removed a substantial portion of potential future dilution
Protected the integrity of the Company's share structure
Eliminated exposure to toxic conversion mechanisms
Created a cleaner path for strategic and accretive financing

"This was one of the most important outcomes of our review," Papadakis added.
"We have effectively removed the overhang that could have diluted our shareholders. That positions us to grow the Company the right way — through execution, not dilution."

Audit Near Completion — Building Institutional Credibility
The Company confirmed that its corporate audit is progressing on schedule and remains targeted for completion by the end of May.

The audit process includes:
Full verification of assets and liabilities
Third-party confirmations
Validation of prior-period adjustments
Alignment with U.S. GAAP reporting standards

Upon completion, the audit is expected to:
Enhance transparency and governance
Support expanded investor engagement
Enable future capital formation initiatives

From Restructuring to Execution — The Next Phase Begins
With its financial foundation reset, Green Rain is now transitioning into its next phase — execution and growth within the EV infrastructure sector. The Company is actively advancing multiple EV charging projects, with installations progressing toward activation and revenue generation. Importantly, management is implementing a shareholder-aligned capital strategy, including:

Evaluation of a share buyback program
Potential introduction of a shareholder dividend
Strategic reinvestment into high-return infrastructure projects
These initiatives reflect a shift toward disciplined capital allocation and direct shareholder value creation.

Looking Ahead — A Company Repositioned
Green Rain Energy Holdings is now positioned as:
A clean, restructured company free from legacy overhang
A growth platform aligned with one of the fastest-growing sectors in energy
A shareholder-focused organization committed to value creation

The Company expects to provide additional updates shortly regarding its next EV charging project installation, further demonstrating its transition from restructuring to execution.

Management Commentary
"We've done the hard part," said Papadakis. "We cleaned up the balance sheet, protected our shareholders, and built a foundation we can grow from. Now it's about execution — deploying assets, generating revenue, and delivering on the opportunity in front of us."

About Green Rain Energy Holdings Inc.
Green Rain Energy Holdings Inc. (OTCID: GREH) is a holding company focused on opportunities in renewable energy and related sustainable technologies. The Company seeks to identify, acquire, and develop assets that align with long-term trends in clean energy and environmental responsibility.

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Forward-Looking Statements:
This release contains forward-looking statements under Sections 27A and 21E of U.S. securities laws, subject to safe harbor provisions. These statements involve risks and uncertainties that could cause actual results to differ materially, including technical, permitting, or other challenges. Green Rain Energy assumes no obligation to update forward-looking statements except as required by law.

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