Company: AIRJW
Filing Date: 2025-03-25
Form Type: 10-K
Source: 0001013762-25-002263
Chunk: 1127

Company: AirJoule Technologies Corp.
Filing Date: 2025-03-25
Form: 10-K
Item: Item 7
Chunk 1127
---
 — 
  
    Equity loss from investment in AirJoule, LLC 
     (5,321,367) 
     — 
  
    Change in fair value of Earnout Shares liability 
     29,197,000  
     — 
  
    Change in fair value of True Up Shares liability 
     (1,634,000) 
     — 
  
    Change in fair value of Subject Vesting Shares liability 
     3,973,000  
     — 
  
    Gain on settlement of legal fees 
     2,207,445  
     — 
  
    Other income 
     10,245  
     — 
  
    Total other income, net 
     362,864,694  
     11,541 

    Income (loss) before income taxes 
     296,951,609  
     (11,379,116)
  
    Income tax expense 
     (81,256,047) 
     — 
  
    Net income (loss) 
    $215,695,562  
    $(11,379,116)

    Weighted average Class A common stock outstanding, basic 
     47,964,244  
     32,680,981 
  
    Basic net income (loss) per share, Class A common stock 
    $4.15  
    $(0.30)

    Weighted average Class A common stock outstanding, diluted 
     49,461,753  
     32,680,981 
  
    Diluted net income (loss), per share, Class A common stock 
    $4.03  
    $(0.30)

    Weighted average Class B common stock outstanding, basic and diluted 
     4,068,516  
     4,759,642 
  
    Basic net income (loss) per share, Class B common stock 
    $4.15  
    $(0.30)

    Diluted net income (loss) per share, Class B common stock 
    $4.03  
    $(0.30)

The accompanying notes are an integral part
of these consolidated financial statements.

F-4

AIRJOULE TECHNOLOGIES CORPORATION
CONSOLIDATED STATEMENTS OF CHANGES IN MEMBERS’ AND STOCKHOLDERS’ EQUITY (DEFICIT)

For the Year Ended December 31, 2024