Company: AIRJW
Filing Date: 2025-03-25
Form Type: 10-K
Source: 0001013762-25-002263
Chunk: 245

Company: AirJoule Technologies Corp.
Filing Date: 2025-03-25
Form: 10-K
Item: Item 1A
Chunk 245
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 business and investment decisions,
ethical matters and the composition of the board of directors and various committees). There is no guarantee that we will be able to comply
with applicable ESG standards, policies and expectations, or that we will, from the perspective of other stakeholders and the public,
appear to be complying with such ESG standards, policies and expectations. If we do not adapt to or comply with investor or other stakeholder
standards, policies, or expectations on ESG matters as they continue to evolve, or if we are perceived to have not responded appropriately
or quickly enough to growing concern for ESG and sustainability issues, regardless of whether there is a regulatory or legal requirement
to do so, we may suffer from reputational damage and our business, financial condition and/or stock price could be materially and adversely
affected.

We also expect there will likely be increasing levels of regulation,
disclosure-related and otherwise, with respect to ESG matters. We may be subject to ESG or sustainability-related regulation in multiple
jurisdictions, including the U.S., and complying with these regulations in multiple jurisdictions may increase the complexity and cost
of our compliance efforts. Moreover, increased regulation and increased stakeholder expectations will likely lead to increased costs as
well as scrutiny that could heighten all of the risks identified in this risk factor. Additionally, many of our customers and suppliers
may be subject to similar expectations, which may augment or create additional risks, including risks that may not be known to us.

Risks Related to Our Joint Ventures, Our Suppliers and Our Customers

We conduct a substantial amount of our operations through joint
ventures, which may lead to disagreements with joint venture partners and adversely affect our interest in the joint ventures. 

We are currently conducting the majority of our development, operations
and commercialization activities through our joint venture with GE Vernova, of which we and GE Vernova each own a 50% interest. This AirJoule
JV was formed in March 2024 to incorporate GE Vernova’s proprietary sorbent materials into systems that utilize our water capture
technology and to manufacture and bring products incorporating the combined technologies to market in the Americas, Africa and Australia.
Additionally, we have entered into a joint venture agreement with an affiliate of CATL to manufacture and commercialize our AirJoule technology
in Asia and Europe, but this joint venture has not yet been funded by either party and has not yet commenced any operation’s. Our
heavy reliance on joint ventures could adversely affect our business and financial