Company: AIRJW
Filing Date: 2025-05-05
Form Type: 424B3
Source: 0001213900-25-039770
Chunk: 89

Company: AirJoule Technologies Corp.
Filing Date: 2025-05-05
Form: 424B3
Chunk 89
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.0 million in cash to the AirJoule
JV at the JV closing and in June 2024, GE Vernova contributed $100 to the AirJoule JV. We have also agreed to contribute up
to an additional $90.0 million in capital contributions to the AirJoule JV based on a business plan and annual operating budgets
to be agreed between the Company and GE Vernova. In general, for the first six years, GE Vernova has the right, but not the obligation,
to make capital contributions to the AirJoule JV.

In order to finance these opportunities and associated
costs, it is possible that we would need to raise additional financing if the proceeds realized to date are insufficient to support our
business needs. While we believe that the proceeds realized to date will be sufficient to meet our currently contemplated business needs,
management cannot assure that this will be the case. If additional financing is required by us from outside sources, we may not be able
to raise it on terms acceptable to us or at all. If we are unable to raise additional capital on acceptable terms when needed, our product
development business, results of operations and financial condition would be materially and adversely affected.

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Cash flows for the year ended December 31, 2024 and 2023

The following table summarizes our cash flows
from operating, investing and financing activities for the year ended December 31, 2024 and 2023:

|                                                      |     | Year ended December 31, |        2024 |   |     |   |       2023 |   |
|:-----------------------------------------------------|:----|:------------------------|------------:|:--|:----|:--|-----------:|:--|
| Net cash used in operating activities                |     | $                       | (24,261,446 | ) |     | $ | (5,100,989 | ) |
| Net cash used in investing activities                |     |                         | (10,019,058 | ) |     |   |          — |   |
| Net cash provided by financing activities            |     |                         |  61,926,456 |   |     |   |    265,299 |   |
| Net increase (decrease) in cash and cash equivalents |     | $                       |  27,645,952 |   |     | $ | (4,835,690 | ) |

Cash Flows