Company: AIRJW
Filing Date: 2025-05-05
Form Type: 424B3
Source: 0001213900-25-039770
Chunk: 16

Company: AirJoule Technologies Corp.
Filing Date: 2025-05-05
Form: 424B3
Chunk 16
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, will depend on the frequency and prices at which
we sell shares of our Class A Common Stock to B. Riley Principal Capital II. We expect that any proceeds received
by us from such sales of Class A Common Stock to B. Riley Principal Capital II will be used for working capital and general
corporate purposes.

There are no restrictions on future financings,
rights of first refusal, participation rights, penalties or liquidated damages in the Purchase Agreement or Registration Rights Agreement,
other than a prohibition (with certain limited exceptions) on entering into specified “Variable Rate Transactions” (as such
term is defined in the Purchase Agreement) during the term of the Purchase Agreement. Such transactions include, among others, the issuance
of convertible securities with a conversion or exercise price that is based upon or varies with the trading price of our Class A
Common Stock after the date of issuance, or our effecting or entering into an agreement to effect an “equity line of credit”
or other substantially similar continuous offering with a third party, in which we may offer, issue or sell Class A Common Stock
or any securities exercisable, exchangeable or convertible into Class A Common Stock at a future determined price.

<div align='center'>4</div>

B. Riley Principal Capital II has agreed
that none of B. Riley Principal Capital II, any of its officers, or any entity managed or controlled by B. Riley Principal
Capital II will engage in or effect, directly or indirectly, for its own principal account or for the principal account of any such
entity managed or controlled by B. Riley Principal Capital II, any short sales of the Class A Common Stock or hedging transaction
that establishes a net short position in the Class A Common Stock during the term of the Purchase Agreement.

The Purchase Agreement will automatically terminate
on the earliest to occur of (i) the first day of the month next following the 36-month anniversary of the Commencement Date,
(ii) the date on which B. Riley Principal Capital II shall have purchased from us under the Purchase Agreement shares of
Class A Common Stock for an aggregate gross purchase price of $30,000,000, (iii) the date on which the Class A Common Stock
shall have failed to be listed or quoted on Nasdaq or another U.S. national securities exchange identified as an “eligible
market” in the Purchase Agreement for a period of one trading day, (iv) the 30 trading day after the
date on which a voluntary or involuntary bankruptcy proceeding involving our company