Company: AIRJW
Filing Date: 2025-04-28
Form Type: S-1/A
Source: 0001213900-25-036124
Chunk: 205

Company: AirJoule Technologies Corp.
Filing Date: 2025-04-28
Form: S-1/A
Chunk 205
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 a total of 380,771Class A common stock, as converted, for a total purchase price of $ 45,760. As part of XPDB’s initial public offering (“IPO”), XPDB issued 14,375,000warrants to 37 third -partyinvestors where each whole warrant entitles the holder to purchase oneshare of the Company’s Class A common stock at an exercise price of $ 11.50per share (the “Public Warrants”). Simultaneously with the closing of the IPO, XPDB completed the private sale of 11,125,000warrants where each warrant allows the holder to purchase oneshare of the Company’s Class A common stock at $ 11.50per share. In June 2024, 10 third -partyinvestors exercised their Public Warrants on a cashless basis for a total of 705,758Class A shares of the Company. In August 2024, 2,225,000Private Placement warrants were transferred. As of December 31, 2024, there are 12,657,596Public Warrants and 8,900,000Private Placement warrants outstanding. The Private Placement Warrants (including the common stock issuable upon exercise of the Private Placement Warrants) were not transferable, assignable or saleable until 30 days after the consummation of the Business Combination (except, among other limited exceptions, to the Company’s officers and directors and other persons or entities affiliated with the XPDB’s sponsor and anchor investors) and they will not be redeemable by the Company. The Private Placement Warrants have terms and provisions that are identical to those of the Public Warrants, including as to exercise price, exercisability and exercise period, except that the Private Placement Warrants are exercisable on a cashless basis and are non -redeemable. If holders of the Private Placement Warrants elect to exercise them on a cashless basis, they would pay the exercise price by surrendering their warrants for that number of shares of the Company’s common stock equal to the quotient obtained by dividing (x) the product of the number of shares of the Company’s common stock underlying the warrants multiplied by the excess of the 10 day average closing price (defined below) as of the date prior to the date on which notice of exercise is sent or given to the warrant agent, less the warrant exercise price by (y) the 10 day average closing price. The 10 day average closing price means,