Company: AIRJW
Filing Date: 2025-05-05
Form Type: 424B3
Source: 0001213900-25-039770
Chunk: 28

Company: AirJoule Technologies Corp.
Filing Date: 2025-05-05
Form: 424B3
Chunk 28
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, Our Technology and Our Industry

We have incurred significant losses since inception, we expect to incur losses in the future, and we may not be able to achieve or maintain profitability.

We are an early-stage water harvesting technology
company with a history of losses. We have incurred a net income (loss) of $215.7 million and $(11.4) million for the years ended
December 31, 2024 and 2023, respectively. Although our predecessor entity was established in 2018, we did not develop our first prototype
of the AirJoule unit until June 2021, and we have not yet begun commercializing our AirJoule units. We expect that we will continue
to incur losses in future periods as we:

| ● | design, develop, market, commercialize and begin to sell AirJoule 
 units;                                                            |

| ● | continue to utilize and develop potential new relationships 
 with third-party partners for supply and manufacturing;     |

| ● | build up inventories of parts and components for AirJoule units; |

| ● | expand our design, development, installation and servicing capabilities; |

| ● | further develop our proprietary technology; |

| ● | develop our distribution network; |

| ● | increase our general and administrative functions to support 
 our growing operations; and                                  |

| ● | expand our production and testing facilities to enhance our 
 efficiency and capabilities for assembly of AirJoule units. |

Because we will incur the costs and expenses from
these efforts before we receive any incremental revenues with respect thereto, our losses in future periods could be significant. In addition,
we may find that these efforts are more expensive than we currently anticipate or that these efforts may not result in additional revenues,
which could further increase our losses.

Our ability to become profitable in the future
will require us to complete the design and development of our AirJoule units and to begin commercializing the product and related services
to customers at prices needed to achieve positive gross margins. We may need to sell our products at a loss or discounted prices in the
short term to win initial customer orders and gain the confidence of potential customers. If we are unable to efficiently design, produce,
market, sell, distribute and service our products, our margins, profitability, and long-term prospects will be materially and adversely
affected.

We have not yet commenced commercial activities and have a limited operating history, which may make it difficult to evaluate the prospects for our future viability. There is