Company: AIRJW
Filing Date: 2025-03-25
Form Type: 10-K
Source: 0001013762-25-002263
Chunk: 375

Company: AirJoule Technologies Corp.
Filing Date: 2025-03-25
Form: 10-K
Item: Item 1B
Chunk 375
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the conditions set forth in the agreement at a purchase price of $8.50 per share for aggregate gross proceeds to the Company of $5.0 million.
These securities were issued and sold in reliance on Section 4(a)(2) of the Securities Act.

On June 5, 2024, the Company entered into the subscription agreements
(the June 2024 PIPE Subscription Agreements”) with certain investors, pursuant to which, among other things, the investors agreed
to subscribe for and purchase from the Company, and the Company has agreed to issue and sell to the investors, an aggregate of 1,238,500
shares of Class A common stock for an aggregate purchase price of approximately $12.4 million. These securities were issued and sold in
reliance on Section 4(a)(2) of the Securities Act.

Cashless Exercise of Warrants

Between June 10, 2024 and June 11, 2024, we issued 705,758 shares of
our Class A common stock pursuant to the exercise of 3,942,388 public warrants on a cashless basis pursuant to the alternate cashless
exercise feature described therein. These securities were issued pursuant to Section 3(a)(9) of the Securities Act.

Purchases of Equity Securities by the Issuer and Affiliated Purchasers

None.

Item 6. Reserved

25

Item 7. Management’s Discussion and Analysis of Financial
Condition and Results of Operations

The following “Management’s Discussion and Analysis
of Financial Condition and Results of Operations should be read in conjunction Part I of this Annual Report on Form 10-K, the consolidated
financial statements and related notes included in Part II Item 8 in this Annual Report on Form 10-K and the section titled “Cautionary
Note Regarding Forward-Looking Statements” included in the forepart in this Annual Report on Form 10-K. 

This discussion includes forward-looking statements within the meaning
of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Exchange Act. We have based these forward-looking
statements on our current expectations and projections about future events. These forward-looking statements are subject to known and
unknown risks, uncertainties and assumptions about us that may cause our actual results, levels of activity, performance or achievements
to be materially different from any future results, levels of activity, performance or achievements expressed or implied by such forward-looking
statements. In some cases, you can