Company: AIRJW
Filing Date: 2025-05-27
Form Type: POS AM
Source: 0001213900-25-047828
Chunk: 230

Company: AirJoule Technologies Corp.
Filing Date: 2025-05-27
Form: POS AM
Chunk 230
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 $.0 million
(the “Performance Vesting Trigger”) and (ii) up to % of the Subject Vesting Shares (including any vested Subject Vesting
Shares from the Performance Vesting Trigger) vesting on any day following the Closing when the closing price of a share of Combined
Company 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-66 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
ar