Company: AIRJW
Filing Date: 2025-03-25
Form Type: 10-K
Source: 0001013762-25-002263
Chunk: 248

Company: AirJoule Technologies Corp.
Filing Date: 2025-03-25
Form: 10-K
Item: Item 1A
Chunk 248
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 and/or fabrication could potentially be realized and may impact our deployment cost and schedule, which could adversely
impact our business.

It is possible that in the future we may experience delays and other
complications from our partners and third-party suppliers in the development and manufacturing of the components and other implementing
technology required for deploying our AirJoule units. Any disruption or delay in the development or supply of such components and technology
could result in the delay or other complication in the design, manufacture, production and delivery of our technology that could prevent
us from commercializing our AirJoule units according to our planned timeline and scale. If delays like this recur or if we experience
issues with planned manufacturing activities, supply of components from third parties or design and safety, we could experience issues
or delays in commencing or sustaining our commercial operations.

If we encounter difficulties in scaling our production and delivery
capabilities, if we fail to develop such technologies before our competitors or if such technologies fail to perform as expected, are
inferior to those of our competitors or are perceived as less safe than those of our competitors, our business, reputation and financial
condition could be materially and adversely impacted.

The Binding Term Sheets we and CAMT have entered into with Carrier
may not ultimately yield definitive agreements with Carrier consistent with the term sheets or at all.

On January 7, 2024, concurrently with the execution of the Common Unit
Subscription Agreement, we and CAMT entered into the Binding Term Sheets with Carrier, pursuant to which, among other things, the parties
agreed to negotiate in good faith to finalize and enter into, as promptly as reasonably practicable, definitive agreements relating to
the development of the Applicable Products and the viability of the commercialization of the Applicable Products. Despite entry into the
Binding Term Sheets, we and CAMT ultimately may not enter into definitive agreements with Carrier on terms consistent with the Binding
Term Sheets or at all.

15

We expect to be dependent on a limited number of customers
and end markets. A decline in revenue from, or the loss of, any significant customer, could have a material adverse effect on our financial
condition and operating results.

We are in the process of developing our technology and do not yet
have any customers. We expect to initially depend upon a small number of customers for a substantial portion of our future revenue.
Accordingly, a decline in revenue from, or the loss of, any significant customer could have a material adverse effect on our
financial condition and operating results