Company: AIRJW
Filing Date: 2025-03-27
Form Type: S-1
Source: 0001013762-25-002897
Chunk: 200

Company: AirJoule Technologies Corp.
Filing Date: 2025-03-27
Form: S-1
Chunk 200
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 JV per the statement of work as described further in Note 9 — Related Party Transactions.As of the year ended December 31, 2024, $ million is to be reimbursed by the AirJoule JV and is recorded as a due from related party receivable on the consolidated balance sheets and within contra-expense accounts on the consolidated statements of operations.

Stock Options

The following table summarizes option activity for the year ended December 31, 2024:

|                                      |     |   Options |   |     | Weighted       
 Average        
 Exercise Price |       |     |       Weighted 
        Average 
 Remaining Life 
        (Years) |
|:-------------------------------------|:----|----------:|:--|:----|:---------------|------:|:----|---------------:|
| Balance at January 1, 2024           |     | 1,335,078 |   |     | $              |  0.23 |     |           5.83 |
| Granted                              |     | 1,371,415 |   |     |                | 10.23 |     |                |
| Exercised                            |     |  (160,991 | ) |     |                |  0.48 |     |                |
| Forfeited                            |     |    (7,900 | ) |     |                | 10.23 |     |                |
| Balance at December 31, 2024         |     | 2,537,602 |   |     | $              |  5.60 |     |           7.85 |
| Vested and expected to vest          |     | 2,537,602 |   |     | $              |  5.60 |     |           7.85 |
| Exercisable at the end of the period |     | 1,174,087 |   |     | $              |  0.19 |     |           5.90 |

Options granted during the year ended December 31, 2024 had weighted-average grant-date fair values of $. As of December 31, 2024, the unrecognized compensation cost for options issued and then outstanding was $ million and will be recognized over an estimated weighted-average amortization period of years. The total intrinsic value of options exercised during the years ended December 31, 2024 was $ million. The aggregate intrinsic value of options outstanding and exercisable as of December 31,