Company: AIRJW
Filing Date: 2025-05-16
Form Type: POS AM
Source: 0001213900-25-044504
Chunk: 180

Company: AirJoule Technologies Corp.
Filing Date: 2025-05-16
Form: POS AM
Chunk 180
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 Class A common stock on the Nasdaq (the “Closing Share Price”) equals or exceeds $ (as adjusted for stock
splits, stock dividends, reorganizations, recapitalizations and the like) and all remaining Subject Vesting Shares vesting when the Closing
Share Price equals or exceeds $ (as adjusted for stock splits, stock dividends, reorganizations, recapitalizations and the like).

F-33 AIRJOULE TECHNOLOGIES CORPORATION
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Note 12 — FAIR VALUE MEASUREMENTS(cont.)

The following table presents the changes in the
fair value of the Subject Vesting Shares liability:

| Subject Vesting Shares liability as of December 31, 2023 |     | Year Ended   
 December 31, 
 2024         |          — |   |
|:---------------------------------------------------------|:----|:-------------|-----------:|:--|
| Assumed in the Business Combination                      |     |              | 11,792,000 |   |
| Change in fair value                                     |     |              | (3,973,000 | ) |
| Balance as of December 31, 2024                          |     | $            |  7,819,000 |   |

The estimated fair value of the Subject Vesting
Share liability was determined utilizing a Monte Carlo simulation, with underlying forecast mathematics based on geometric Brownian motion
in a risk-neutral framework. The calculation of the value of the Subject Vesting Shares considered the $ and $ vesting conditions
in addition to the vesting related to the Earnout Milestone Amount.

Items Measured at Fair Value on a Nonrecurring Basis

In addition to items that are measured at fair
value on a recurring basis, the Company measures certain assets and liabilities at fair value on a nonrecurring basis, which are not included
in the table above. As these nonrecurring fair value measurements are generally determined using unobservable inputs, these fair value
measurements are classified within Level 3 of the fair value hierarchy. For further information see Note 5 — Equity Method Investment.

Note 13 — COMMITMENTS AND CONTINGENCIES

The Company is involved in various legal matters
arising in the normal course of business. In the opinion of the Company’s management and legal counsel, the amount of losses that
may be sustained, if any, would not have a material effect on the financial position and results of operations of the Company.

Risks and Uncertainties

The