Company: AIRJW
Filing Date: 2025-05-27
Form Type: POS AM
Source: 0001213900-25-047828
Chunk: 165

Company: AirJoule Technologies Corp.
Filing Date: 2025-05-27
Form: POS AM
Chunk 165
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 by the Corporation or any stockholder, convert into one (1) fully paid and nonassessable share of Class A common stock. F-23 In November 2024, pursuant to a notice of conversion delivered by the holder of all outstanding shares of Class B common stock to the Company, all outstanding shares of Class B common stock were converted on a one-for-one basis into shares of Class A common stock. As a result of the conversion, the Company is no longer authorized to issue shares of Class B common stock. Warrants In January, February and March 2024, 14 warrant holders of Legacy Montana exercised their warrants to purchase a total of 380,771Class A common stock, as converted, for a total purchase price of $ 45,760. As part of XPDB’s initial public offering (“IPO”), XPDB issued 14,375,000warrants to 37 investors where each whole warrant entitles the holder to purchase oneshare of the Company’s Class A common stock at an exercise price of $ 11.50per share (the “Public Warrants”). Simultaneously with the closing of the IPO, XPDB completed the private sale of 11,125,000warrants where each warrant allows the holder to purchase oneshare of the Company’s Class A common stock at $ 11.50per share. In June 2024, 10 third-party investors exercised their Public Warrants on a cashless basis for a total of 705,758Class A shares of the Company. In August 2024, 2,225,000Private Placement warrants were transferred. As of March 31, 2025, there are 12,657,596Public Warrants and 8,900,000Private Placement warrants outstanding. The Private Placement Warrants (including the common stock issuable upon exercise of the Private Placement Warrants) were not transferable, assignable or saleable until 30 days after the consummation of the Business Combination (except, among other limited exceptions, to the Company’s officers and directors and other persons or entities affiliated with the XPDB’s sponsor and anchor investors) and they will not be redeemable by the Company. The Private Placement Warrants have terms and provisions that are identical to those of the Public Warrants, including as to exercise price, exercisability and exercise period, except that the Private Placement Warrants are exercisable on a cashless basis and are non-redeemable. If holders of the Private Placement