Company: AIRJW
Filing Date: 2025-05-05
Form Type: 424B3
Source: 0001213900-25-039770
Chunk: 183

Company: AirJoule Technologies Corp.
Filing Date: 2025-05-05
Form: 424B3
Chunk 183
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333,500,000 |   |     | $    |           — |   |
| Supplemental cash flow information:                                             |     |                         |              |   |     |      |             |   |
| Taxes paid                                                                      |     | $                       |            — |   |     | $    |           — |   |

<div align='center'>The accompanying notes are an integral part of these consolidated financial statements.

F-6

AIRJOULE TECHNOLOGIES CORPORATION
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS</div>

Note 1 — ORGANIZATION AND BUSINESS OPERATIONS

We are a water harvesting technology company that
produces pure distilled water by harvesting the water vapor in the atmosphere. Our proprietary AirJoule system, once commercialized, will
provide cost-effective water to businesses and consumers around the world and help address growing concerns around water scarcity. Our
system is especially valuable for industrial users, which generate significant amounts of waste heat that can be utilized to produce pure
distilled water and dehumidified air — two key inputs for a variety of industrial activities, including data centers and
advanced manufacturing. In HVAC applications, our AirJoule technology is designed to reduce energy consumption, minimize or even eliminate
the use of environmentally-harmful refrigerants, and generate material cost efficiencies for air conditioning systems. We are focused
on commercialization and scaling manufacturing of our AirJoule systems through our global partnerships, including with GE Vernova and
Carrier Global Corporation (“Carrier”), and we believe that deploying AirJoule units worldwide can help to improve water security
and reduce global emissions.

Power & Digital Infrastructure Acquisition II
Corp (“XPDB”) entered into an Agreement and Plan of Merger (the “Merger Agreement”), dated June 5, 2023,
as amended on February 5, 2024, with XPDB Merger Sub, LLC, a direct wholly-owned subsidiary of XPDB (“Merger Sub”), and
AirJoule Technologies LLC, formerly known as Montana Technologies LLC (“Legacy Montana”). On March 14, 2024, pursuant
to the Merger Agreement, Merger Sub was merged with and into Legacy Montana, with Legacy Montana surviving the merger as a wholly-owned
subsidiary of XPDB (the “Merger” and, together with the other transactions contemplated by the Merger Agreement, the “Business
Combination”). In connection with closing the Business Combination (the “Closing”), XPDB changed its