Company: AIRJW
Filing Date: 2025-03-25
Form Type: 10-K
Source: 0001013762-25-002263
Chunk: 305

Company: AirJoule Technologies Corp.
Filing Date: 2025-03-25
Form: 10-K
Item: Item 1A
Chunk 305
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    Amortization of operating lease right-of-use assets 
     29,282  
     21,216 
  
    Change in fair value of Earnout Shares liability 
     (29,197,000) 
     — 
  
    Change in fair value of True Up Shares liability 
     1,634,000  
     — 
  
    Change in fair value of Subject Vesting Shares liability 
     (3,973,000) 
     — 
  
    Gain on contribution to AirJoule, LLC 
     (333,500,000) 
     — 
  
    Equity loss from investment in AirJoule, LLC 
     5,321,367  
     — 
  
    Non-cash transaction costs in connection with business combination 
     53,721,000  
     — 
  
    Gain on settlement of legal fees 
     (2,207,445) 
     — 
  
    Share-based compensation 
     1,323,936  
     52,000 
  
    Changes in operating assets and liabilities: 

    Due from related party 
     (2,727,578) 
     — 
  
    Prepaid expenses and other current assets 
     (112,406) 
     (21,832)
  
    Other assets 
     (54,482) 
     — 
  
    Operating lease liabilities 
     (22,054) 
     (21,216)
  
    Accounts payable 
     (2,459,898) 
     2,444,733 
  
    Due to related party 
     (1,440,000) 
     — 
  
    Accrued expenses, accrued transaction costs and other liabilities 
     (7,555,294) 
     3,798,885 
  
    Net cash used in operating activities 
     (24,261,446) 
     (5,100,989)

    Cash flows from investing activities 

    Purchases of property and equipment 
     (19,058) 
     (98,950)
  
    Proceeds from sale of property and equipment 
     —  
     98,950 
  
    Investment in AirJoule, LLC 
     (10,000,000) 
     — 
  
    Net cash used in investing