Company: AIRJW
Filing Date: 2025-05-05
Form Type: 424B3
Source: 0001213900-25-039770
Chunk: 188

Company: AirJoule Technologies Corp.
Filing Date: 2025-05-05
Form: 424B3
Chunk 188
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 December 31, 2023. The Company maintains cash balances at financial institutions that may exceed the Federal Deposit Insurance
Corporation’s insurance limits. The amounts over these insured limits as of December 31, 2024 and 2023 were $6.9 million
and $0.1 million, respectively. The Company mitigates this concentration of credit risk by monitoring the credit worthiness of the
financial institutions. No losses have been incurred to date on any deposits.

Business Combinations

The Company evaluates whether acquired net assets
should be accounted for as a business combination or an asset acquisition by first applying a screen test to determine whether substantially
all of the fair value of the gross assets acquired is concentrated in a single identifiable asset or group of similar identifiable assets.
If so, the transaction is accounted for as an asset acquisition. If not, the Company applies its judgement to determine whether the acquired
net assets meet the definition of a business by considering if the set includes an acquired input, process, and the ability to create
outputs.

<div align='center'>F-9

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

Note 3 — SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (cont.)

The Company accounts for business combinations
using the acquisition method when it has obtained control. The Company measures goodwill as the fair value of the consideration transferred,
including the fair value of any non-controlling interest recognized, less the net recognized amount of the identifiable assets acquired
and liabilities combined, all measured at their fair value as of the acquisition date. Transaction costs, other than those associated
with the issuance of debt or equity securities, that the Company incurs in connection with a business combination are expensed as incurred.

Any contingent consideration is measured at fair
value at the acquisition date. A contingent consideration that does not meet all the criteria for equity classification is required to
be recorded at its initial fair value at the acquisition date, and on each balance sheet date thereafter. Changes in the estimated fair
value of liability-classified contingent considerations are recognized on the consolidated statements of operations in the period of change.

Equity Method Investment

In accordance with ASC 323, Investments — Equity Method and Joint Ventures, investments in entities over which the Company does not have a controlling financial interest but has significant
influence are accounted for using the equity method, with the Company’s share of earnings or losses reported in earnings or losses
from equity method investments on the statements