Company: AIRJW
Filing Date: 2025-05-05
Form Type: 424B3
Source: 0001213900-25-039770
Chunk: 210

Company: AirJoule Technologies Corp.
Filing Date: 2025-05-05
Form: 424B3
Chunk 210
---
        |     | $            | 1,217,180,327 |   |

AirJoule, LLC assesses its goodwill for impairment
annually as of October 1, and more frequently if events and circumstances indicate that goodwill might be impaired. AirJoule, LLC
determines the enterprise fair value using an income approach based on estimated discounted future cash flows. Determining the enterprise
fair value is judgmental in nature and requires the use of significant estimates and assumptions, including revenue growth rates, EBITDA
margins, discount rates, the Company’s market capitalization and future market conditions, among others. The level of judgment
and estimation is inherently higher in uncertain economic times.

Given the uncertain economic times and AirJoule,
LLC’s status as an early-stage company with limited operating history and the uncertainties regarding AirJoule, LLC’s successful
development and commercialization of its products, there can be no assurance that the estimates and assumptions made for purposes of its goodwill
impairment testing in 2024 will prove to be accurate predictions of the future. If AirJoule, LLC’s assumptions, including timing
of revenue generation and forecasted EBITDA, are not achieved, then AirJoule, LLC may be required to record goodwill impairment charges
in future periods. Based on the Company’s assessment performed, no impairment to AirJoule, LLC’s goodwill or the Company’s
equity method investment was identified as of December 31, 2024.

|          |     | Year         
 Ended        
 December 31, 
 2024         |             |   |
|:---------|:----|:-------------|:------------|:--|
| Revenue  |     | $            | —           |   |
| Net loss |     | $            | (10,642,734 | ) |

<div align='center'>F-22

AIRJOULE TECHNOLOGIES CORPORATION
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS</div>

Note 6 — PROPERTY AND EQUIPMENT

Property and equipment consisted of the following:

|                                |     |   |        As of 
 December 31, 
         2024 |   |     |   |        As of 
 December 31, 
         2023 |   |
|:-------------------------------|:----|:--|-------------:|:--|:----|:--|-------------:|:--|
| Machinery and equipment        |     |