Company: AIRJW
Filing Date: 2025-05-27
Form Type: POS AM
Source: 0001213900-25-047828
Chunk: 174

Company: AirJoule Technologies Corp.
Filing Date: 2025-05-27
Form: POS AM
Chunk 174
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. Earnout mechanics at each estimated commission date were assessed, and if the Earnout Thresholds were achieved, the future value of the Earnout Shares was discounted to the valuation date utilizing a risk-free rate commensurate with the overall term. The commission dates used reflected XPDB’s management’s best estimates regarding the time to complete full construction and operational viability of a production line, including all permitting, regulatory approvals and necessary or useful inspections. The Earnout term of 5years and the Earnout mechanics which impact the timing of future cash flows represent contractual inputs. Assumptions such as risk-free rate, stock price, volatility, and discount rate were based on market data. See the following summary of key inputs:

|                          |     |   |     As of 
 March 31, 
      2025 |   |     |   |        As of 
 December 31, 
         2024 |   |
|:-------------------------|:----|:--|----------:|:--|:----|:--|-------------:|:--|
| Stock Price              |     | $ |      4.61 |   |     | $ |         7.97 |   |
| Volatility               |     |   |        40 | % |     |   |           40 | % |
| Risk free rate of return |     |   |      3.90 | % |     |   |         4.30 | % |
| Expected term (in years) |     |   |       4.0 |   |     |   |          4.2 |   |

F-29

The following table presents the changes in the fair value of the Earnout Shares liability:

| Earnout Shares liability as of December 31, 2024 |     | Three Months Ended 
 March 31,          
 2025               |  24,524,000 |   |
|:-------------------------------------------------|:----|:-------------------|------------:|:--|
| Change in fair value                             |     |                    | (12,832,000 | ) |
| Balance as of March 31, 2025                     |     | $                  |  11,692,000 |   |

As of March 31, 2025 and December 31, 2024, the estimated fair value of all the Earnout Shares $ 11.7million and $ 24.5million, respectively represents approximately 1,710,230