Company: AIRJW
Filing Date: 2025-03-27
Form Type: S-1
Source: 0001013762-25-002897
Chunk: 22

Company: AirJoule Technologies Corp.
Filing Date: 2025-03-27
Form: S-1
Chunk 22
---
 an emerging growth company can take advantage of an extended transition period for complying with new or revised accounting standards. We have elected to use the extended transition period for complying with new or revised accounting standards. As a result of this election, our financial statements may not be comparable to companies that comply with public company effective dates. We are also a “smaller reporting company” as defined in Item 10(f)(1) of Regulation S -K. Smaller reporting companies may take advantage of certain reduced disclosure obligations. We will remain a smaller reporting company until the last day of the fiscal year in which either (a)(i) the market value of the shares of our Class A Common Stock held by non -affiliatesexceeds $250 million as of the prior June 30, and (ii) our annual revenue exceeded $100 million during such completed fiscal year or (b) the market value of the shares of our Class A Common Stock held by non -affiliatesexceeds $700 million as of the prior June 30. 8

THE OFFERING

| Issuer                                                  |     | AirJoule Technologies Corporation                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |
| Class A Common Stock offered by the Selling Stockholder |     | Up to 4,250,000 shares of Class A Common Stock that we may elect, in our sole discretion, to issue and sell to B. Riley Principal Capital II, from time to time from and after the Commencement Date under the Purchase Agreement.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |
| Terms of the Offering                                   |     | The Selling Stockholder will determine when and how it will dispose of any shares of Class A Common Stock registered under this prospectus for resale.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |
| Use of Proceeds                                         |     | We will not receive any proceeds from any sale of Class A Common Stock by the Selling Stockholder. However, we may receive up to $30,000,000 in aggregate gross proceeds from the Selling Stockholder under the Purchase Agreement in connection with sales of shares of our Class A Common Stock to the Selling Stockholder pursuant to the Purchase Agreement after the date of this prospectus. However, the actual proceeds may be less than this amount depending on the number of shares of our Class A Common Stock sold and the price at which the shares of Class A Common Stock are sold. We intend to use any proceeds from the committed equity facility (the “Facility”) for working capital and general corporate purposes. See “