Company: AIRJW
Filing Date: 2025-03-25
Form Type: 10-K
Source: 0001013762-25-002263
Chunk: 554

Company: AirJoule Technologies Corp.
Filing Date: 2025-03-25
Form: 10-K
Item: Item 1C
Chunk 554
---
 non-employee director’s continued service through the applicable vesting date. 

    Non-employee Equity Method Investees

    Grant Date 
    Awards (1) 
(#)  
    Grant Date Fair Value 
($) 
  
    June 6, 2024 
     25,000  
     10.23 
  
    September 9, 2024 (2) 
     143,000  
     5.11 

  (1) These awards vest as to 25% of the total awards granted on each of the first four anniversaries of the applicable vesting commencement date, subject to the applicable recipient’s continued service through the applicable vesting date.  (2) The vesting commencement date for RSUs 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. 

F-26

Note
12 — FAIR VALUE MEASUREMENTS

Items
Measured at Fair Value on a Recurring Basis:

The
Company accounts for certain liabilities at fair value on a recurring basis and classifies these liabilities within the fair value hierarchy
(Level 1, Level 2, or Level 3).

Liabilities
subject to fair value measurements are as follows:

    As
    of December 31, 2024 

    Level
    1  
    Level
    2  
    Level
    3  
    Total 
  
    Liabilities 

    Earnout
    Shares liability 
    $—  
    $—  
    $24,524,000  
    $24,524,000 
  
    True
    Up Shares liability 
     —  
     —  
     2,189,000  
     2,189,000 
  
    Subject
    Vesting Shares liability 
     —  
     —  
     7,819,000  
     7,819,000 
  
    Total
    liabilities 
    $—  
    $—  
    $34,532,000  
    $34,532,000 

Earnout
Shares

The
Legacy Montana