Company: AIRJW
Filing Date: 2025-05-16
Form Type: POS AM
Source: 0001213900-25-044504
Chunk: 164

Company: AirJoule Technologies Corp.
Filing Date: 2025-05-16
Form: POS AM
Chunk 164
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 and support services. Upon the close of the Business combination, the Company assumed $ 540,000related to this agreement. The balance was repaid in May 2024. In 2023, the sponsor contributed $ 900,000to the XPDB trust account in connection with extending the XPDB’s termination date pursuant to the approval of the extension amendment proposal. Upon the closing of the Business Combination, the Company assumed this balance and it was subsequently repaid in May 2024. F-24 AIRJOULE TECHNOLOGIES CORPORATION
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Note 9 — RELATED PARTY TRANSACTIONS(cont.) Due from Related Party In November 2024, Legacy Montana executed a statement of work with AirJoule, LLC. Reimbursement of costs incurred as of December 31, 2024 was $ 2.0million and $ 0.8million of research and development and general administrative expenses, respectively, and is recorded as a due from related party receivable on the consolidated balance sheets and within contra-expense accounts on the consolidated statements of operations. Related Party Equity Transactions As described in Note 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-employee Equity 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