Company: AIRJW
Filing Date: 2025-05-16
Form Type: POS AM
Source: 0001213900-25-044504
Chunk: 4

Company: AirJoule Technologies Corp.
Filing Date: 2025-05-16
Form: POS AM
Chunk 4
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588,235 shares of Class A Common Stock issued in the Pre-Closing PIPE Subscription Agreement (as defined below) at a purchase price of $8.50 per share by the Pre-Closing PIPE Investor (as defined below), and (h) up to 1,238,500 shares of Class A Common Stock issued in the June 2024 PIPE (as defined below) at a purchase price of $10.00 per share by the June 2024 PIPE Investors (as defined below) and (ii) up to 5,874,765 Private Placement Warrants originally issued at a price of $1.00 per Warrant by certain of the Selling Securityholders named in this prospectus. We will not receive any proceeds from the sale of shares of Class A Common Stock or Warrants by the Selling Securityholders pursuant to this prospectus. We will receive up to approximately $213.1 million from the exercise of the Warrants, assuming the exercise in full of all of the Warrants for cash, but not from the sale of the shares of Class A Common Stock issuable upon such exercise. Each Warrant entitles the holder thereof to purchase one share of our Class A Common Stock at a price of $11.50 per share. On May 13, 2025, the closing price for our Class A Common Stock was $4.55. For so long as the market price of our Class A Common Stock is below the exercise price of the Warrants ($11.50 per share), the Warrants remain “out-of-the money,” and warrant holders are unlikely to cash exercise their Warrants, resulting in little or no cash proceeds to us. The Selling Securityholders can sell, under this prospectus, up to (a) 46,802,173 shares of Class A Common Stock constituting approximately 59.4% of our issued and outstanding shares of Class A Common Stock and approximately 144.8% of our issued and outstanding shares of Class A Common Stock held by non-affiliates (assuming, in each case, the exercise of all of the Warrants), in each case, as of May 1, 2025 and (b) 5,874,765 Warrants constituting approximately 31.7% of the issued and outstanding Warrants as of May 1, 2025. The three Selling Securityholders that beneficially own the largest number of shares that may be sold under this prospectus can sell up to (a) 35,513,412