Company: AIRJW
Filing Date: 2025-05-05
Form Type: 424B3
Source: 0001213900-25-039770
Chunk: 222

Company: AirJoule Technologies Corp.
Filing Date: 2025-05-05
Form: 424B3
Chunk 222
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 become exercisable on each three (3)-month anniversary thereafter, subject to the applicable 
 recipient’s continued service through the applicable vesting date                                                                              |

| (2) | The vesting commencement date for NSOs granted on September 9,                                                                                
 2024 is June 6, 2024. Per ASC 718-10-35-2, compensation cost for an award of share-based compensation is recognized over the                  
 requisite service period. The service period for these awards begins on grant date. The Company considered the requirement in ASC 718-10-35-8 
 when recognizing current period expense.                                                                                                      |

The fair value of the NSOs were determined using
the Black-Scholes option-pricing model and were based on the following weighted average assumptions:

|                         | Incentive Plan | Grant Date | June 6, 
    2024 |   |     |     | September 9, 
         2024 |   |
|:------------------------|:---------------|:-----------|--------:|:--|:----|:----|-------------:|:--|
| Expected term – years   |                |            |     6.1 |   |     |     |         10.0 |   |
| Expected volatility     |                |            |    29.5 | % |     |     |         28.5 | % |
| Risk-free interest rate |                |            |     4.2 | % |     |     |          3.7 | % |
| Expected dividends      |                |            |       — |   |     |     |            — |   |

<div align='center'>F-29

AIRJOULE TECHNOLOGIES CORPORATION
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS</div>

Note 11 — SHARE-BASED COMPENSATION
(cont.)

Restricted Stock Units

The following table summarizes RSU activity for
the year ended December 31, 2024:

| Balance at January 1, 2024   |     | Awards |       — |   |     | Weighted   
 Average    
 Grant Date 
 Fair Value |     — |
|:-----------------------------|:----|:-------|--------:|:--|:----|:-----------|------:|
| Granted                      |     |        | 523,300 |   |     |            |  8.15 |
| Vested                       |     |        |       — |   |