Company: AIRJW
Filing Date: 2025-03-25
Form Type: 10-K
Source: 0001013762-25-002263
Chunk: 120

Company: AirJoule Technologies Corp.
Filing Date: 2025-03-25
Form: 10-K
Item: Item 1
Chunk 120
---
foreign investments in the United States and to self-initiate national security reviews of certain foreign direct and indirect investments
in U.S. businesses if the parties to such investments choose not to file voluntarily. With respect to transactions that CFIUS determines
present unresolved national security concerns, CFIUS has the power to suspend transactions, impose mitigation measures or recommend that
the president of the United States block pending transactions or order divestitures of completed transactions when national security concerns
cannot be mitigated. Whether CFIUS has jurisdiction to review an acquisition or investment transaction depends on, among other factors:
the nature and structure of the transaction; whether the target entity or assets constitute a U.S. business; the level of beneficial ownership
and voting interests acquired by foreign persons; and the nature of any information, control, access or governance rights that the transaction
affords foreign persons. For example, any transaction that could result in foreign “control” (as such term is defined in the
CFIUS regulations) of a U.S. business is within CFIUS’s jurisdiction, including such a transaction carried out through a joint venture.
In addition, CFIUS has jurisdiction over certain investments that do not result in control of a U.S. business by a foreign person but
that afford a foreign person certain access, involvement or governance rights in a “TID U.S. business,” that is, a U.S. business
that:

(1)produces, designs, tests, manufactures, fabricates, or develops one or more “critical technologies;” (2) owns, operates,
manufactures, supplies or services certain “covered investment critical infrastructure;” or (3) maintains or collects, directly
or indirectly, “sensitive personal data” of U.S. citizens.

We have in the past entered into, and may in the future enter into,
commercial arrangements with foreign persons including, for example, our development agreement with BASF and our joint venture with an
affiliate of CATL. In addition, foreign investors have invested in us in the past and may invest in us in the future, and we may continue
to pursue partnerships and operations outside of the United States.

18

CFIUS has broad discretion to interpret its regulations, and
CFIUS policies and practices are evolving rapidly. As a result, we cannot predict whether CFIUS may seek to review our past or
potential future transactions involving a foreign person, even if such transactions did not or will not require a mandatory CFIUS
filing