Company: AIRJW
Filing Date: 2025-03-25
Form Type: 10-K
Source: 0001013762-25-002263
Chunk: 926

Company: AirJoule Technologies Corp.
Filing Date: 2025-03-25
Form: 10-K
Item: Item 5
Chunk 926
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     2,444,733 
  
    Due to related party 
     (1,440,000) 
     — 
  
    Accrued expenses, accrued transaction costs and other liabilities 
     (7,555,294) 
     3,798,885 
  
    Net cash used in operating activities 
     (24,261,446) 
     (5,100,989)

    Cash flows from investing activities 

    Purchases of property and equipment 
     (19,058) 
     (98,950)
  
    Proceeds from sale of property and equipment 
     —  
     98,950 
  
    Investment in AirJoule, LLC 
     (10,000,000) 
     — 
  
    Net cash used in investing activities 
     (10,019,058) 
     — 

    Cash flows from financing activities 

    Proceeds from the exercise of warrants 
     45,760  
     9,438 
  
    Proceeds from the exercise of options 
     130,696  
     — 
  
    Proceeds from the issuance of common stock 
     61,750,000  
     — 
  
    Issuance of preferred units 
     —  
     255,861 
  
    Net cash provided by financing activities 
     61,926,456  
     265,299 
  
    Net increase (decrease) in cash, cash equivalents and restricted cash 
     27,645,952  
     (4,835,690)
  
    Cash, cash equivalents and restricted cash, beginning of period 
     375,796  
     5,211,486 
  
    Cash, cash equivalents and restricted cash, end of the period 
    $28,021,748  
    $375,796 

    Supplemental non-cash investing and financing activities: 

    Initial recognition of True Up Shares liability 
    $555,000  
    $— 
  
    Initial recognition of Subject Vesting Shares liability 
    $11,792,000  
    $— 
  
    Initial recognition of ROU asset and operating lease liability 
    $172,649  
    $— 
  
    Liabilities combined in recapitalization, net 
    $8,680,477  
    $—