Company: AIRJW
Filing Date: 2025-05-05
Form Type: 424B3
Source: 0001213900-25-039770
Chunk: 197

Company: AirJoule Technologies Corp.
Filing Date: 2025-05-05
Form: 424B3
Chunk 197
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shares outstanding, by each class of stockholder’s stock outstanding during the period. Diluted net loss per share is computed
by giving effect to all potential shares of common stock, including warrants, stock options, Earnout Shares, True Up Shares, Subject
Vesting Shares and restricted stock units (“RSUs”), to the extent dilutive. Stock options and warrants with exercise
prices greater than the average market price of the Company’s common stock for the period are excluded from the calculation of
diluted net income (loss) per share as their inclusion would be anti-dilutive. Additionally, RSUs that vest based on service
conditions that have not been achieved as of the end of the period are not included in the computation of basic or diluted earnings
per share. Finally, Earnout Shares, True Up Shares and Subject Vesting shares are not included in the calculation of dilutive net
income (loss) per share if their conditions are not deemed satisfied for issuance as of the reported period. For the year ended
December 31, 2024, the warrants, Earnout Shares, Subject Vesting Shares and RSUs were not included in the calculation of
dilutive net income (loss) per share as they would be anti-dilutive. For the year ended December 31, 2023, due to a net loss,
all potential shares of common stock were not included in the calculation of dilutive net loss per share as their effect would have
been anti-dilutive.

For the year ended December 31, 2024, dilutive
shares included in the calculation or net income (loss) per share of common stock, utilizing the treasury stock method, were 1,272,270
shares of common stock issuable upon the exercise of options and 225,239 shares of common stock issuable upon the triggering event of
the True Up Shares during the third quarter of 2024.

The net income (loss) per share of common stock
presented in the consolidated statements of operations is based on the following for the year ended December 31, 2024 and 2023:

|                                                     |     | Year Ended December 31, 
 2024                    |             |     |         |            |     | 2023    |            |   |     |         |            |   |
|:----------------------------------------------------|:----|:------------------------|------------:|:----|:--------|-----------:|:----|:--------|-----------:|