Company: AIRJW
Filing Date: 2025-03-27
Form Type: S-1
Source: 0001013762-25-002897
Chunk: 194

Company: AirJoule Technologies Corp.
Filing Date: 2025-03-27
Form: S-1
Chunk 194
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10 — Stockholders’ Equity (Deficit), Legacy Montana sold equity interests that subsequently converted into shares of Class A common stock, to TEP Montana, LLC (“TEP Montana”). The Executive Chairman of the Company is the managing partner of the managing member of TEP Montana. The Company granted options and awards to the employees of AirJoule, LLC on June 6, 2024. Additionally, as described above, Legacy Montana executed a statement of work with AirJoule, LLC. Per the statement of work, the Company granted equity awards to AirJoule, LLC employees on September 9, 2024. The number of options and awards granted to the employees of AirJoule, LLC are found in the ‘Non -employeeEquity Method Investees’ tables within Note 11 — Share -Based Compensation. Note 10 — STOCKHOLDERS’ EQUITY (DEFICIT) Preferred Stock— The Company is authorized to issue 25,000,000shares of preferred stock with a par value of $ 0.0001per share. At December 31, 2024 and December 31, 2023, there were noshares of preferred stock issued and outstanding. Class A common stock— The Company is authorized to issue 600,000,000shares of Class A common stock with a par value of $ 0.0001per share. At December 31, 2024 and December 31, 2023, there were 55,928,661shares and 32,731,583shares of Class A common stock issued and outstanding, respectively. Each share of Class A Common Stock has one vote and has similar rights and obligations. Class B common stock— At December 31, 2024 and December 31, 2023, there were zeroand 4,759,642shares of Class B common stock issued and outstanding, respectively. Each share entitles the holder thereof to a number of votes per share such that the Legacy Montana Equity holders as of immediately prior to the Closing, immediately following the Closing, collectively owned shares representing at least 80% of the voting power of all classes of capital stock of the Post -CombinationCompany entitled to vote on matters submitted to a vote of the stockholders of the Post -CombinationCompany. Shares of Class B common stock shall be convertible into shares of Class A common stock on a one -for-onebasis (i) at any time and from time to time at the option