Company: AIRJW
Filing Date: 2025-05-05
Form Type: 424B3
Source: 0001213900-25-039770
Chunk: 81

Company: AirJoule Technologies Corp.
Filing Date: 2025-05-05
Form: 424B3
Chunk 81
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 Class A Common Stock currently trades
on Nasdaq under the ticker symbol “AIRJ.” On May 2, 2025, the closing sale price of our Class A Common Stock was $5.20
per share.

Dividend Policy

We have never declared or paid any cash dividends
on our capital stock. We currently intend to retain all available funds and future earnings, if any, to fund the development and growth
of the business, and therefore, do not anticipate declaring or paying any cash dividends on our Class A Common Stock in the foreseeable
future. Any future determination related to our dividend policy will be made at the discretion of our Board after considering our business
prospects, results of operations, financial condition, cash requirements and availability, debt repayment obligations, capital expenditure
needs, contractual restrictions, covenants in the agreements governing current and future indebtedness, industry trends, the provisions
of Delaware law affecting the payment of dividends and distributions to stockholders and any other factors or considerations the Board
deems relevant. Any financing arrangements that we or our subsidiaries enter into may include restrictive covenants that limit our ability
to pay dividends.

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MANAGEMENT’S DISCUSSION AND ANALYSIS OF
FINANCIAL CONDITION AND RESULTS OF OPERATIONS</div>

The following discussion and analysis of the financial condition and results of operations of the Company should be read together with our audited financial statements and related notes included elsewhere in this prospectus. The discussion and analysis should also be read together with the section entitled “Business” and our financial statements and related notes and other information included elsewhere in this prospectus. In addition to historical information, the following discussion contains forward-looking statements. Our actual results may differ significantly from those projected in the forward-looking statements. Factors that might cause future results to differ materially from those projected in the forward-looking statements include, but are not limited to, those discussed in the sections entitled “Risk Factors” and “Cautionary Note Regarding Forward-Looking Statements.” Certain amounts may not foot due to rounding, and all figures presented are in thousands.

Unless the context otherwise requires, references in this “Management’s Discussion and Analysis of Financial Condition and Results of Operations” to “we,” “us,” “our,” and the “Company” are intended to refer to (i) following the Business Combination (as defined below), the business and operations of AirJoule Technologies Corporation, formerly known as Montana Technologies Corporation and its consolidated subsidiaries, and (ii) prior to