Company: AIRJW
Filing Date: 2025-03-25
Form Type: 10-K
Source: 0001013762-25-002263
Chunk: 529

Company: AirJoule Technologies Corp.
Filing Date: 2025-03-25
Form: 10-K
Item: Item 1C
Chunk 529
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31, 2024, the warrants, Earnout Shares, Subject Vesting Shares and RSUs were not included in the calculation
of dilutive net income (loss) per share as they would be anti-dilutive. For the year ended December 31, 2023, due to a net loss, all potential
shares of common stock were not included in the calculation of dilutive net loss per share as their effect would have been anti-dilutive.

For the year ended December 31, 2024, dilutive shares included in the
calculation or net income (loss) per share of common stock, utilizing the treasury stock method, were 1,272,270 shares of common stock
issuable upon the exercise of options and 225,239 shares of common stock issuable upon the triggering event of the True Up Shares during
the third quarter of 2024.

F-13

The net income (loss) per share of common stock presented in the consolidated
statements of operations is based on the following for the year ended December 31, 2024 and 2023:

    Year Ended December 31, 

    2024  
    2023 

    Class A Common Stock  
    Class B Common Stock  
    Class A Common Stock  
    Class B Common Stock 
  
    Basic net income (loss) per share of common stock 

    Numerator: 

    Allocation of net income (loss) 
    $198,830,017  
    $16,865,545  
    $(9,932,545) 
    $(1,446,571)
  
    Denominator: 

    Basic weighted average shares outstanding 
     47,964,244  
     4,068,516  
     32,680,981  
     4,759,642 
  
    Basic net income (loss) per share of common stock 
    $4.15  
    $4.15  
    $(0.30) 
    $(0.30)

    Diluted net income (loss) per share of common stock 

    Numerator: 

    Allocation of net income (loss) 
    $199,301,831  
    $16,393,731  
    $(9,932,545) 
    $(1,446,571)
  
    Denominator: 

    Diluted weighted average shares