Company: AIRJW
Filing Date: 2025-03-25
Form Type: 10-K
Source: 0001013762-25-002263
Chunk: 269

Company: AirJoule Technologies Corp.
Filing Date: 2025-03-25
Form: 10-K
Item: Item 1A
Chunk 269
---
 not
anticipate declaring any dividends in the foreseeable future.

Securities Authorized for Issuance Under Equity Compensation Plans

None.

Performance Graph

Not applicable.

Unregistered Sales of Equity Securities and Use of Proceeds

Set forth below is information regarding shares of capital stock issued by us from the closing of the Business Combination on March 14,
2024 through December 31, 2024. Also included is the consideration received by us for such shares and information relating to the section
of the Securities Act, or rule of the SEC, under which exemption from registration was claimed.

PIPE Investments

In connection with the closing of the Business Combination on March
14, 2024, the Company consummated that certain subscription agreement entered into by XPDB and a certain investor, pursuant to which the
Company issued and sold to the investor an aggregate of 588,235 newly issued shares of Class A common stock on the terms and subject to
the conditions set forth in the agreement at a purchase price of $8.50 per share for aggregate gross proceeds to the Company of $5.0 million.
These securities were issued and sold in reliance on Section 4(a)(2) of the Securities Act.

On June 5, 2024, the Company entered into the subscription agreements
(the June 2024 PIPE Subscription Agreements”) with certain investors, pursuant to which, among other things, the investors agreed
to subscribe for and purchase from the Company, and the Company has agreed to issue and sell to the investors, an aggregate of 1,238,500
shares of Class A common stock for an aggregate purchase price of approximately $12.4 million. These securities were issued and sold in
reliance on Section 4(a)(2) of the Securities Act.

Cashless Exercise of Warrants

Between June 10, 2024 and June 11, 2024, we issued 705,758 shares of
our Class A common stock pursuant to the exercise of 3,942,388 public warrants on a cashless basis pursuant to the alternate cashless
exercise feature described therein. These securities were issued pursuant to Section 3(a)(9) of the Securities Act.

Purchases of Equity Securities by the Issuer and Affiliated Purchasers

None.

Item 6. Reserved

25

Item 7. Management’s Discussion and Analysis of Financial
Condition and Results of Operations

The following “Management’s Discussion and Analysis
of Financial Condition and Results of Operations should be read in