Enlivex Ltd. · NASDAQ:ENLV
Enlivex — Enlivex Therapeutics — Investor Presentation (November 2025)
26 slides from Enlivex's investor presentation, Nov 24, 2025
Slide 1: RAIN Treasury Strategy PubCo
RAIN Treasury Strategy PubCo BUILT ON
Slide 2: Disclaimer
Disclaimer This presentation has been prepared by PubCo (the “Company”) solely for informational purposes in connection with a potential private placement of the Company’s securities. The information contained in this presentation has been prepared to assist interested parties in making their own ev
Slide 3: The RAIN Treasury Platform
The RAIN Treasury Platform Expected Initial mNAV • 0.95x The only RAIN DAT. Accretive RAIN Acquisition Acquire RAIN at the lowest blended cost to increase RAIN Concentration. Best - In - Class Leadership Matteo Renzi - Former Prime Minister of Italy & Parliament Member. Ofer Malka - Former CEO of a
Slide 4: PIPE terms summary
Nasdaq: [TBD] Ticker / Issuer Common Equity PIPE Type of Security Up to $250 Million Target Total PIPE Size ~$211 Million Anchor PIPE Participation [TBD] PIPE Price ~14% general PIPE investors; ~10% sponsor (1) ; ~68% anchor PIPE investors; and ~9% existing PubCo investors Pro Forma Ownership Target
Slide 5: Our Advisors
Our Advisors Matteo advises PubCo on engaging sovereign wealth funds and governments to develop national crypto treasury strategies, including the adoption of the PubCo strategy. He brings decades of political leadership, international relations expertise, and high - level diplomatic access. Matteo
Slide 6: Our Advisors
Our Advisors Entrepreneur, Supervisory Board Member & Investor. Former Federal Minister of the Republic of Austria. Ofer Malka Strategy advisor, PubCo Former CEO of the Israeli ministry of transport, has held senior roles as BD consultant, at Yandex/Nebius, JVP. His expertise spans strategic investm
Slide 7: Prediction Markets: How People Collectively Forecast the Future
Prediction Markets: How People Collectively Forecast the Future ● A prediction market is a platform that facilitates the trading of contracts whose value depends on the outcome of future events. ● Participants buy and sell shares tied to different possible results, allowing the market as a whole to
Slide 8: The Explosive Growth of Prediction Markets
Metric An emerging challenger with a lot of potential to break into that top tier US - regulated, centralized platform for event contracts. Permissioned, crypto - native prediction market on Polygon. Platform Type $486.01 million $15.905 billion $22.692 billion Cumulative Trading Volume $89.93 milli
Slide 9: Institutional Backing of Prediction Markets
Institutional Backing of Prediction Markets $2BN investment ($8BN valuation) of Intercontinental Exchange (ICE), the parent company of the New York Stock Exchange (NYSE) in Polymarket Kalshi’s $300MM financing ($5BN valuation) led by Andreessen Horowitz and Sequoia RAIN.one 9
Slide 10: Centralized prediction markets face challenges
YET, //01 Centralized prediction markets face challenges //02 //03 //05 //04 Regulatory restrictions KYC, licensing, and geo - blocks exclude many users. Centralized Market Barriers Users can’t freely launch markets, and outcomes often lack transparency. Centralized liquidity Markets stall without c
Slide 11: The Macro Opportunity: Explosive Growth of Decentralized Exchanges
Metric The Macro Opportunity: Data provided by as of October 2025. The Explosive Growth of Decentralized exchanges We believe that DEX volume will outgrow centralized exchange (CEX) volume RAIN.one 11 The largest decentralized DEX, operating on Ethereum. Allows users anywhere in the world to trade c
Slide 12: RAIN: decentralised predictions and options protocol
RAIN is a fully decentralised predictions and options protocol built on the Arbitrum network. • The protocol is fully permissionless, allowing anyone to create and trade custom predictions on any market . • It is a protocol where anyone, from anywhere, can create any type of market, whether it's pub
Slide 13: The Uniswap of prediction markets
THE RAIN OPPORTUNITY The Uniswap of prediction markets Implementing the concept of a DEX Users swap directly with one another - no exchange, no intermediaries, no gatekeepers. With an AMM - based liquidity mechanism Keeping every market active and tradable, no order books, no waiting. Liquidity is a
Slide 14: Borderless & user-friendly
THE RAIN OPPORTUNITY The Uniswap of prediction markets: Borderless & user - friendly Built on Arbitrum, providing a trustless and decentralized foundation. The protocol is permissionless, enabling anyone to create and trade custom options. Fully automated through smart contracts. RAIN.one 14 Public
Slide 15: The Missing Link of Prediction Markets
Metric The Missing Link of Prediction Markets Disabled Disabled Market Creation English English Language Public Public Market type US only Restricted countries Restrictions Anyone can create Any language Public & Private Global Institutional and order book – based Order - book matching & centralized
Slide 16: Rain Protocol 5% fee on market volume
Rain Protocol Applies a 5% Fee on the Total Volume of Each Market 2.5% for Participation Rewards This portion rewards key market participants: ● 1.2% to the Market Creator ● 1.2% to the Liquidity Provider(s) ● 0.1% to the Resolver 2 . 5 % for Buyback and Burn ● The remaining half of the fee is used
Slide 17: Becoming the largest corporate holder of RAIN
PubCo aims to drive shareholder value by becoming the largest corporate holder of RAIN and activating it for yield. PubCo will accelerate institutional adoption of RAIN as it becomes at the center of global prediction markets. RAIN.one 17
Slide 18: PubCo's Yield Advantage
PubCo’s Yield Advantage PubCo seeks to outperform spot RAIN by capturing the full yield from staking and other sources. ● Utilization of Full staking, restaking and selective DeFi, seeking to generate superior RAIN yield per unit of risk. ● Execution efficiency via direct broker and custodian relati
Slide 19: PubCo's Accumulation Advantage
PubCo’s Accumulation Advantage PubCo seeks to efficiently acquire RAIN at low blended cost of capital to enhance RAIN Concentration ● Institutional - grade capital structure with fully tradable float and no structural overhang. ● Accretive equity issuance capacity during periods of market premium. ●
Slide 20: Conclusion
CONCLUSION Prediction markets are expected to mature into a legitimate asset class. RAIN provides direct exposure to this emerging sector. RAIN stands out compared to other players in the sector. Deflationary token economics strengthen the DAT strategy. PubCo is expected to be the world’s first and
Slide 21: Appendix
Appendix RAIN.one 21
Slide 22: Explosive Growth of Decentralized Exchanges
The Macro Opportunity: The Explosive Growth of Decentralized Exchanges DEXs are platforms that allow users to t rade digital assets directly with one another , without intermediaries like banks or centralized exchanges. AMM (Automated Market Maker) A core mechanism that powers most DEXs. Instead of
Slide 23: Buyback & burn deflationary mechanism simulation
$3.337B Polymarket’s 30 day volume î 2.5% $83,425,000 buyback & burn of $RAIN Deflationary mechanism impact on $RAIN - simulation: Data provided by as of October 2025. RAIN.one 23
Slide 24: Notes: Token vesting details and allocation
Notes Vesting Details Allocation Category Only 0.03% will be circulating by the end of the first month after TGE to ensure limited float and early protocol activity. 18 - month non - linear momentum vesting with monthly unlocks 1% Presale (Mercury Miner, Private Sale, Credit Refund) Full confidence
Slide 25: DAT Strategy
THE RAIN OPPORTUNITY DAT Strategy 1. Prediction Activity → Trading Volume Every market created, traded, or resolved on Rain generates transaction volume across the network. 2. Transaction Volume → 2.5% $RAIN Buyback & Burn 2 . 5 % of total trading volume automatically buys back and burns $ RAIN, per
Slide 26: Roadmap
ROADMAP Q4 2025 Platform Maturation ● Official app launch ● Strategic partnerships and integrations ● In - app credits launch ● DAO governance rollout Q3 2025 Launch & Growth Security Audit Token Generation Event (TGE) Listings across tier - 1 CEXs Buyback & Burn mechanism Launch 2026 Ecosystem Expa
Enlivex Therapeutics — Investor Presentation (November 2025) on 6ix