Company: AIRJW
Filing Date: 2025-05-05
Form Type: 424B3
Source: 0001213900-25-039770
Chunk: 37

Company: AirJoule Technologies Corp.
Filing Date: 2025-05-05
Form: 424B3
Chunk 37
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 not yet commenced any
operation’s. Our heavy reliance on joint ventures could adversely affect our business and financial condition if any of our joint
venture partners chooses to terminate their relationship with us or make material changes to their businesses, products or services in
a manner that is adverse to us.

Under the A&R Joint Venture Agreement for
the AirJoule JV, for the first six years, GE Vernova has the right, but not the obligation, to make capital contributions to the
AirJoule JV, and we are solely responsible for funding the AirJoule JV if and until GE Vernova elects to participate in funding the AirJoule
JV with its pro-rata share. We can provide no assurance that GE Vernova will elect to participate in capital contributions to the AirJoule
JV, and our ability to continue fully funding the joint venture will likely depend on our ability to raise additional capital via external
financing.

We may incur impairment charges related to the carrying value of our equity method investment in the AirJoule JV, which could have a significant negative effect on our financial condition, results of operations and the price of our securities.

We regularly evaluate the carrying value of our
equity method investment in the AirJoule JV, and we may incur an impairment charge if we determine that the carrying value of such investment
exceeds the fair value. For example, if the AirJoule JV recognizes a goodwill impairment charge in its separate financial statements,
we would be required to impair the value of our investment in the AirJoule JV.

The AirJoule JV tests its goodwill for impairment annually
on October 1 and more frequently if events or changes in circumstances indicate that a potential goodwill impairment exists.
Asset impairment evaluations with respect to goodwill are, by nature, highly subjective. The use of different estimates and
assumptions could result in materially different carrying values of the AirJoule JV’s assets, which could impact the need to record
an impairment charge and the amount of any charge taken. If AirJoule JV’s assumptions, including timing of revenue generation
and forecasted EBITDA, are not achieved, then the AirJoule JV may be required to record goodwill impairment charges in future
periods.

Though any impairment we may be required to incur
in the future would be a non-cash charge and therefore not have an immediate impact on our liquidity, the fact that we report a charge
of this nature could contribute