Company: AIRJW
Filing Date: 2025-03-25
Form Type: 10-K
Source: 0001013762-25-002263
Chunk: 566

Company: AirJoule Technologies Corp.
Filing Date: 2025-03-25
Form: 10-K
Item: Item 1C
Chunk 566
---

    $556,135 

(1)Other
segment assets included cash, cash equivalents and restricted cash, due from related party, prepaid expenses, operating lease right-of-use
asset, and property and equipment, net

The CODM uses net income (loss) to monitor budget versus actual results,
assess performance and how to allocate resources. The key measures of segment profit or loss reviewed by our CODM are general and administrative
expenses, research and development expenses and interest earned on the Company’s interest-bearing accounts. General and administrative
and research and development expenses are reviewed and monitored by the CODM to manage and forecast cash to ensure enough capital is available
to meet current and future needs, which include working capital requirements, capital expenditures and other general corporate services.
Primary working capital requirements are for project execution and development of the Company’s technology which includes purchases
of materials, services, payroll and development of market and strategic relationships with other businesses and customers. The CODM reviews
interest earned to measure cash inflow and determine the most effective strategy of investment with the interest-bearing accounts while
maintaining compliance with the Company’s investment policy. Additionally, the CODM reviews the company’s investment in AirJoule,
LLC for material changes including potential impairment resulting from events or changes in circumstances indicating that a decline in
value has occurred that is other than temporary.

Note 16 — SUBSEQUENT EVENTS

Capital
Contribution 

Pursuant
to the A&R Joint Venture Agreement, the Company is expected to contribute additional capital to the AirJoule JV based on a business
plan and annual operating budgets to be agreed between us and GE Vernova. In February 2025, the Company contributed an additional $5.0
million in capital contributions to the AirJoule JV.

Committed Equity Facility

On March 25, 2025, the Company entered into a common stock purchase agreement
(the “Equity Line Purchase Agreement”) with an accredited investor (the “Equity Line Investor”). Under the terms
and subject to the conditions of the Equity Line Purchase Agreement, the Company has the right, but not the obligation, to sell to the
Equity Line Investor, over a 36-month period, up to the lesser of (a) $30,000,000 in aggregate gross purchase price of newly issued common
stock and (b) the Exchange Cap.

F-33

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0

0001855474
false
FY

    000185547