Company: AIRJW
Filing Date: 2025-03-27
Form Type: S-1
Source: 0001013762-25-002897
Chunk: 13

Company: AirJoule Technologies Corp.
Filing Date: 2025-03-27
Form: S-1
Chunk 13
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 Market Open Purchase or Intraday Purchase described above, we will also have the right, but not the obligation (subject to the continued satisfaction of the purchase conditions contained in the Purchase Agreement), to direct B. Riley Principal Capital II to purchase, on any Purchase Date, a specified number of shares of Class A Common Stock (the “Fixed Purchase Amount”) equal to the quotient obtained by dividing (i) $50,000, by (ii) the closing sale price of the Class A Common Stock on the trading day immediately preceding the applicable Purchase Date (each, an “Fixed Purchase”), by timely delivering an irrevocable written notice of such Fixed Purchase to B. Riley Principal Capital II prior to the commencement of trading of the Class A Common Stock on such Purchase Date (the “Fixed Purchase Notice”), so long as (i) the closing sale price of the Class A Common Stock on Nasdaq on the trading day immediately prior to such Purchase Date is not less than the Threshold Price and (ii) all shares of Class A Common Stock subject to all prior Market Open Purchases, all prior Intraday Purchases, and all prior Fixed Purchases (as applicable) effected by us under the Purchase Agreement have been received by B. Riley Principal Capital II at such time and in the manner set forth in the Purchase Agreement. The purchase price of the shares of Class A Common Stock that we elect to sell to B. Riley Principal Capital II in a Fixed Purchase pursuant to the Purchase Agreement will be determined by reference to the VWAP, during the period (the “Fixed Purchase Valuation Period”) beginning at the official open (or “commencement”) of the regular trading session on Nasdaq on the applicable Purchase Date and ending at such time of official close of the regular trading session, less a fixed 5.0% discount to the VWAP for such Fixed Purchase Valuation Period. The calculations of the VWAP and the volume of shares traded for purposes of determining whether such volume threshold is reached will exclude the opening and closing trades in the Class A Common Stock during regular trading hours on the applicable Purchase Date. 3 There is no upper limit on the price per share that B. Riley Principal Capital II could be obligated to pay for the Class A Common Stock we may elect to sell to it in any Market Open Purchase, any Intraday Purchase or any Fixed Purchase under the Purchase Agreement. In the case of Market Open Purchases, Intraday Purchases and Fixed Purchases effected by us under the Purchase Agreement, if any,