Company: AIRJW
Filing Date: 2025-05-05
Form Type: 424B3
Source: 0001213900-25-039770
Chunk: 126

Company: AirJoule Technologies Corp.
Filing Date: 2025-05-05
Form: 424B3
Chunk 126
---
 in control. See “Description of Securities of AirJoule — Anti-Takeover Provisions — Classified Board.”

Independence of the Board of Directors

Nasdaq listing standards require that a majority
of our Board be independent. An “independent director” is defined generally as a person other than an officer or employee
of the company or its subsidiaries or any other individual having a relationship which, in the opinion of the company’s board of
directors, would interfere with the director’s exercise of independent judgment in carrying out the responsibilities of a director.

As a result of the Class A Common Stock being
listed on the Nasdaq, the Company is required to comply with the applicable rules of such exchange in determining whether members of the
Company Board are independent. The Board has determined that Dr. Zaatari and Messrs. Baucus, Dabbar, Agrawal and Derham are “independent
directors” as defined in the Nasdaq listing standards and applicable SEC rules. Our independent directors have regularly scheduled
meetings at which only independent directors are present.

<div align='center'>66</div>

Lead Independent Director

Our Corporate Governance Guidelines provide that,
if the Chairman of the Board is a member of management or does not otherwise qualify as independent, the independent directors may elect
a Lead Independent Director. In March 2025, the independent directors elected Mr. Derham to serve as the Board’s Lead
Independent Director. The Lead Independent Director’s responsibilities include, but are not limited to: (i) presiding over
all meetings of our Board at which the Chairman of the Board is not present, including any executive sessions of the independent directors;
(ii) approving Board meeting schedules and agendas; and (iii) acting as the liaison between the independent directors and the
Chief Executive Officer and Chairman of the Board.

Board Committees

Our Board directs the management of our business
and affairs, as provided by Delaware law, and conducts its business through meetings of the Board and standing committees. We have a standing
audit committee (the “Audit Committee”), nominating and corporate governance committee (the “Nominating and Corporate
Governance Committee”) and compensation committee (the “Compensation Committee”). In addition, from time to time, special
committees may be established under the direction of the Board when necessary to address specific issues.

Audit Committee

Our Audit Committee consists of Paul Dabbar, Ajay
Agrawal and J. Kyle Derham, with Paul Dabbar serving