Company: AIRJW
Filing Date: 2025-05-05
Form Type: 424B3
Source: 0001213900-25-039770
Chunk: 60

Company: AirJoule Technologies Corp.
Filing Date: 2025-05-05
Form: 424B3
Chunk 60
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 Agreement, including all prior purchases effected on the same Purchase Date,
have been received by B. Riley Principal Capital II at such time and in the manner set forth in the Purchase Agreement.

From and after Commencement, the Company will
control the timing and amount of any sales of Class A Common Stock to B. Riley Principal Capital II. Actual sales
of shares of our Class A Common Stock to B. Riley Principal Capital II under the Purchase Agreement will depend on a variety
of factors to be determined by us from time to time, including, among other things, market conditions, the trading price of our Class A
Common Stock and determinations by us as to the appropriate sources of funding for our company and its operations.

Under the applicable Nasdaq rules, in no event
may we issue to B. Riley Principal Capital II under the Purchase Agreement shares of Class A Common Stock in excess of
the 19.99% Exchange Cap, unless (i) we obtain stockholder approval to issue shares of Class A Common Stock in excess of the
Exchange Cap in accordance with applicable Nasdaq rules, or (ii) the average price per share paid by B. Riley Principal Capital II
for all of the shares of Class A Common Stock that we direct B. Riley Principal Capital II to purchase from us pursuant
to the Purchase Agreement, if any, equals or exceeds $7.21 per share (representing the lower of (a) the official closing price of
our Class A Common Stock on Nasdaq immediately preceding the execution of the Purchase Agreement and (b) the average official
closing price of our Class A Common Stock on Nasdaq for the five consecutive trading days immediately preceding the execution
of the Purchase Agreement, adjusted as required by Nasdaq to take into account our payment of the Cash Commitment Fee to B. Riley
Principal Capital II), so that the Exchange Cap limitation will not apply to issuances and sales of Class A Common Stock pursuant
to the Purchase Agreement.

Moreover, we may not issue or sell any shares
of Class A Common Stock to B. Riley Principal Capital II under the Purchase Agreement which, when aggregated with all other
shares of Class A Common Stock then beneficially owned by B. Riley Principal Capital II and its affiliates (as calculated
pursuant to Section 13(d) of the Exchange Act and Rule 13d-3 thereunder), would result in B. Riley Principal
Capital II beneficially owning shares of Class A Common Stock in excess of the 4.99%