Company: AIRJW
Filing Date: 2025-05-16
Form Type: POS AM
Source: 0001213900-25-044504
Chunk: 61

Company: AirJoule Technologies Corp.
Filing Date: 2025-05-16
Form: POS AM
Chunk 61
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 During the three months ended March 31, 2025, net cash used in investing activities was $5.1 million as a result of the Company’s contribution made to AirJoule, LLC. During the three months ended March 31, 2024, net cash used in investing activities was $10.0 million as a result of the contribution made to AirJoule, LLC. Cash Flows from Financing Activities During the three months ended March 31, 2025, net cash provided by financing activities was $41,760 and was related to the exercise of stock options. During the three months ended March 31, 2024, net cash provided by financing activities was $43.5 million and was primarily related to proceeds from the issuance of the Predecessor common stock related to private placements prior to the Merger, and the exercise of stock options and warrants. Cash flows for the year ended December 31, 2024 and 2023 The following table summarizes our cash flows from operating, investing and financing activities for the year ended December 31, 2024 and 2023:

|                                                      |     | Year ended December 31, |        2024 |   |     |   |       2023 |   |
|:-----------------------------------------------------|:----|:------------------------|------------:|:--|:----|:--|-----------:|:--|
| Net cash used in operating activities                |     | $                       | (24,261,446 | ) |     | $ | (5,100,989 | ) |
| Net cash used in investing activities                |     |                         | (10,019,058 | ) |     |   |          — |   |
| Net cash provided by financing activities            |     |                         |  61,926,456 |   |     |   |    265,299 |   |
| Net increase (decrease) in cash and cash equivalents |     | $                       |  27,645,952 |   |     | $ | (4,835,690 | ) |

Cash Flows from Operating Activities During the year ended December 31, 2024, net cash used in operating activities was $24.3 million and primarily reflected our net income from operations and decreases in accounts payable, accrued expenses and other liabilities. During the year ended December 31, 2023, net cash used in operating activities was $5.1 million and primarily reflected our net loss