Company: AIRJW
Filing Date: 2025-05-05
Form Type: 424B3
Source: 0001213900-25-039770
Chunk: 99

Company: AirJoule Technologies Corp.
Filing Date: 2025-05-05
Form: 424B3
Chunk 99
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Wall Street Reform and Consumer Protection Act; (iii) comply with any requirement that may be adopted by the Public Company Accounting
Oversight Board regarding mandatory audit firm rotation or a supplement to the auditor’s report providing additional information
about the audit and the financial statements (auditor discussion and analysis); and (iv) disclose certain executive compensation-related
items such as the correlation between executive compensation and performance and comparisons of the Chief Executive Officer’s compensation
to median employee compensation.

We will remain an emerging growth company under
the JOBS Act until the earliest of (i) December 31, 2024, (ii) the last date of our fiscal year in which we have total
annual gross revenue of at least $1.235 billion, (iii) the date on which we are deemed to be a “large accelerated filer”
under the rules of the SEC with at least $700.0 million of outstanding securities held by non-affiliates or (iv) the date on
which we have issued more than $1.0 billion in non-convertible debt securities during the previous three years.

Quantitative and Qualitative Disclosures About Market Risk

Not applicable.

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BUSINESS</div>

Unless the context otherwise requires, all references in this section to “AirJoule,” the “Company,” “we,” “us,” “our” and other similar terms refer to the business of Montana Technologies LLC prior to the consummation of the Business Combination and AirJoule Technologies Corporation after the consummation of the Business Combination.

Company Overview

We are a water harvesting technology company that
produces pure distilled water by harvesting the water vapor in the atmosphere. Our proprietary AirJoule system, once commercialized, will
provide cost-effective water to businesses and consumers around the world and help address growing concerns around water scarcity. Our
system is especially valuable for industrial users, which generate significant amounts of waste heat that can be utilized to produce pure
distilled water and dehumidified air — two key inputs for a variety of industrial activities, including data centers and advanced
manufacturing. In HVAC applications, our AirJoule technology is designed to reduce energy consumption, minimize or even eliminate the
use of environmentally-harmful refrigerants, and generate material cost efficiencies for air conditioning systems. We are focused on commercialization
and scaling manufacturing of our AirJoule systems through our global partnerships, including with GE Ventures LLC “GE Vernova”
and Carrier