Company: AIRJW
Filing Date: 2025-05-05
Form Type: 424B3
Source: 0001213900-25-039770
Chunk: 100

Company: AirJoule Technologies Corp.
Filing Date: 2025-05-05
Form: 424B3
Chunk 100
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 Global Corporation (“Carrier”), and we believe that deploying AirJoule units worldwide can help to improve water
security and reduce global emissions. We plan to manufacture AirJoule units capable of producing 1,000 liters per day in 2025, which we
intend to use for customer demonstrations, and we expect to scale capacities for commercial sales in 2026.

Company Background

Our Predecessor, established in 2018, worked closely
with researchers at the Pacific Northwest National Laboratory (“PNNL”) to develop enhancements to its self-regenerating pressure
swing dehumidifier technology. In 2020, the Predecessor executed a strategic project partnership agreement with PNNL, and in 2021, obtained
an exclusive worldwide license from PNNL with respect to the technology. Our Predecessor then spent several years developing the pressure
swing technology, securing additional intellectual property protection, producing multiple prototypes, and assembling partnerships with
leading global companies including GE Vernova and Carrier. See “Our Competitive Strengths — Our Partners.” In
June 2023, we entered into an Agreement and Plan of Merger (“the Merger Agreement”) with the Predecessor, which was consummated
through a Business Combination on March 14, 2024. In connection with closing the Business Combination, we changed our name from Power
& Digital Infrastructure Acquisition II Corp. to Montana Technologies Corporation. In November 2024, to better align our name with
our business operations and proprietary technology, we changed our name from Montana Technologies Corporation to AirJoule Technologies
Corporation, and our wholly-owned subsidiary changed its name from Montana Technologies LLC to AirJoule Technologies LLC.

The AirJoule Technology

Advanced Sorbents

AirJoule is a transformational technology that
uses an advanced sorbent, in conjunction with a proprietary pressure swing system, to cost-effectively harvest pure distilled water from
air. At present, the sorbent used in AirJoule systems is a proprietary metal organic framework (“MOF”). MOFs are a class of
porous, crystalline materials composed of metal ions or clusters coordinated to organic ligands, forming highly ordered, three-dimensional
structures. Known for their exceptionally high surface areas, which often surpass that of traditional porous materials, MOFs can be engineered
at the molecular level to adsorb certain molecules from the air. Adsorption occurs when a molecule of one substance binds to the surface
of another molecule