Company: AIRJW
Filing Date: 2025-05-05
Form Type: 424B3
Source: 0001213900-25-039770
Chunk: 85

Company: AirJoule Technologies Corp.
Filing Date: 2025-05-05
Form: 424B3
Chunk 85
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,973,000 |   |     |   |           — |   |     |   |   3,973,000 |   |
| Gain on settlement of legal fees                                   |     |                         |   2,207,445 |   |     |   |           — |   |     |   |   2,207,445 |   |
| Other income                                                       |     |                         |      10,245 |   |     |   |           — |   |     |   |      10,245 |   |
| Total other income, net                                            |     |                         | 362,864,694 |   |     |   |      11,541 |   |     |   | 362,853,153 |   |
| Income (loss) before income taxes                                  |     |                         | 296,951,609 |   |     |   | (11,379,116 | ) |     |   | 308,330,725 |   |
| Income tax expense                                                 |     |                         | (81,256,047 | ) |     |   |           — |   |     |   | (81,256,047 | ) |
| Net income (loss)                                                  |     | $                       | 215,695,562 |   |     | $ | (11,379,116 | ) |     | $ | 227,074,678 |   |

General and Administrative

General and administrative expenses for the year
ended December 31, 2024 was $9.0 million as compared to $7.5 million for the year ended December 31, 2023. The $1.5 million
increase was primarily related to increases in professional services such as legal and audit and accounting offset by the reimbursement
of costs incurred per the statement of work with AirJoule, LLC. We expect that our general and administrative expenses will increase
in future periods commensurate with the expected growth of our business and increased expenditures associated with our status as an exchange
listed public company.

Research and Development

Research and development expenses for the year
ended December 31, 2024 was $2.0 million as compared to $3.3 million for the year ended December 31, 2023. The $1.3 million
decrease was primarily related to the reimbursement of costs incurred per the statement of work with AirJoule, LLC, partially offset by
an increase in personnel