Company: AIRJW
Filing Date: 2025-03-25
Form Type: 10-K
Source: 0001013762-25-002263
Chunk: 374

Company: AirJoule Technologies Corp.
Filing Date: 2025-03-25
Form: 10-K
Item: Item 1B
Chunk 374
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 corporate website at www.airjouletech.com. The information contained on or accessible through our corporate website
or any other website that we may maintain is not part of this Report.

Item 3. Legal Proceedings

We may become involved in legal proceedings or be subject to claims
arising in the ordinary course of our business. We are not presently a party to any other legal proceedings that, in the opinion of our
management, if determined adversely to us, would individually or taken together have a material adverse effect on our business, operating
results, financial condition, or cash flows. See Note 13 – Commitments and Contingencies.

Item 4. Mine Safety Disclosures

Not applicable.

24

PART II

Item 5. Market for Registrant’s Common Equity, Related
Stockholder Matters and Issuer Purchases of Equity Securities Market Information and Holders

Shares of the Company’s common stock and warrants commenced trading
on the Nasdaq under the symbols “AIRJ” and “AIRJW,” respectively, on March 15, 2024. At March 1, 2025 we had 81 stockholders of record of common stock. Since many of our shares of common stock are held by brokers and other institutions on behalf
of stockholders, we are unable to estimate the total number of stockholders represented by these record holders.

Dividends

It is the present intention of the board of directors to retain
all earnings, if any, for use in our business operations and, accordingly, the board of directors has not to date declared and does not
anticipate declaring any dividends in the foreseeable future.

Securities Authorized for Issuance Under Equity Compensation Plans

None.

Performance Graph

Not applicable.

Unregistered Sales of Equity Securities and Use of Proceeds

Set forth below is information regarding shares of capital stock issued by us from the closing of the Business Combination on March 14,
2024 through December 31, 2024. Also included is the consideration received by us for such shares and information relating to the section
of the Securities Act, or rule of the SEC, under which exemption from registration was claimed.

PIPE Investments

In connection with the closing of the Business Combination on March
14, 2024, the Company consummated that certain subscription agreement entered into by XPDB and a certain investor, pursuant to which the
Company issued and sold to the investor an aggregate of 588,235 newly issued shares of Class A common stock on the terms and subject