Company: AIRJW
Filing Date: 2025-05-05
Form Type: 424B3
Source: 0001213900-25-039770
Chunk: 162

Company: AirJoule Technologies Corp.
Filing Date: 2025-05-05
Form: 424B3
Chunk 162
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 will have no further rights except to receive the redemption price for such holder’s warrant upon surrender of such
warrant.

The redemption criteria for the Company’s
warrants have been established at a price which is intended to provide warrant holders a reasonable premium to the initial exercise price
and provide a sufficient differential between the then-prevailing share price and the warrant exercise price so that if the share price
declines as a result of the Company’s redemption call, the redemption will not cause the share price to drop below the exercise
price of the warrants. If the foregoing conditions are satisfied and we issue a notice of redemption of the Public Warrants, each warrant
holder will be entitled to exercise his, her or its Public Warrant prior to the scheduled redemption date. Unless we have elected to require
warrant holders to exercise the warrants on a cashless basis, any such exercise would require the exercising warrant holder to pay the
exercise price for each warrant being exercised. However, the price of the Class A Common Stock may fall below the $18.00 redemption
trigger price (as adjusted for adjustments to the number of shares issuable upon exercise or the exercise price of a warrant as well as
the $11.50 (for whole shares) warrant exercise price after the redemption notice is issued).

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The Company’s management will have the option
to require all holders that wish to exercise warrants to do so on a “cashless basis.” In such event, each holder would pay
the exercise price by surrendering the warrants for that number of shares of Class A Common Stock equal to the quotient obtained
by dividing (x) the product of the number of shares of Class A Common Stock underlying the warrants, multiplied by the difference
between the exercise price of the warrants and the “fair market value” (defined below) by (y) the fair market value.
The “fair market value” for this purpose will mean the average last reported sale price of the shares of Class A Common
Stock as reported during the 10 trading day period ending on the trading day prior to the date on which the notice
of redemption is sent to the holders of the warrants.

The warrants were issued in registered form under
a warrant agreement between Continental Stock Transfer & Trust Company, as warrant agent, and AirJoule. The warrant agreement
provides that the terms of the warrants may be amended without the consent of any holder (i) to cure any ambiguity or correct any
mistake, including to