Company: AIRJW
Filing Date: 2025-11-14
Form Type: S-3
Source: 0001213900-25-110393
Chunk: 15

Company: AirJoule Technologies Corp.
Filing Date: 2025-11-14
Form: S-3
Chunk 15
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. These provisions are also designed to encourage persons
seeking to acquire control of us to first negotiate with the Board, which may result in an improvement of the terms of any such acquisition
in favor of the stockholders. However, they also give the Board the power to discourage acquisitions that some stockholders may favor.

Authorized but Unissued Shares

The authorized but unissued shares of Company
common stock and preferred stock are available for future issuance without stockholder approval, subject to any limitations imposed by
the listing standards of Nasdaq. These additional shares may be used for a variety of corporate finance transactions, acquisitions and
employee benefit plans. The existence of authorized but unissued and unreserved common stock and preferred stock could make more difficult
or discourage an attempt to obtain control of us by means of a proxy contest, tender offer, merger or otherwise.

Classified Board of Directors

The Charter provides that the Board will be divided
into three classes of directors, with the classes to be as nearly equal in number as possible, and with each director serving a three-year
term. As a result, approximately one-third of the Board will be elected each year. The classification of directors will have the effect
of making it more difficult for stockholders to change the composition of the Board.

Stockholder Action; Special Meetings of Stockholders

The Charter provides that stockholders may not
take action by written consent, but may only take action at annual or special meetings of stockholders. As a result, a holder controlling
a majority of Company capital stock would not be able to amend the Bylaws or remove directors without holding a meeting of stockholders
called in accordance with the Bylaws. Further, the Charter provides that only the chairperson of Board, the Chief Executive Officer or
the President of the Company may call special meetings of stockholders, thus prohibiting a stockholder from calling a special meeting.
These provisions might delay the ability of stockholders to force consideration of a proposal or for stockholders controlling a majority
of Company capital stock to take any action, including the removal of directors.

Advance Notice Requirements for Stockholder Proposals and Director Nominations

In addition, the Bylaws establish an advance notice
procedure for stockholder proposals to be brought before an annual meeting or special meeting of stockholders. Generally, in order for
any matter to be “properly brought” before a meeting, the matter must be (a) specified in a notice of meeting given by or
at the direction of the Board, (b) if