Company: AIRJW
Filing Date: 2025-05-27
Form Type: POS AM
Source: 0001213900-25-047828
Chunk: 19

Company: AirJoule Technologies Corp.
Filing Date: 2025-05-27
Form: POS AM
Chunk 19
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 the holder thereof to purchase one share of our Class A Common Stock at a price of $11.50 per whole share. Warrants may be exercised only for a whole number of shares of Class A Common Stock. To the extent such warrants are exercised, additional shares of Class A Common Stock will be issued, which will result in dilution to the then existing holders of Class A Common Stock and increase the number of shares eligible for resale in the public market. Sales of substantial numbers of such shares in the public market could adversely affect the market price of Class A Common Stock. On May 23, 2025, the closing price for our Class A Common Stock was $4.14. For so long as the market price of our Class A Common Stock is below the exercise price of the Warrants ($11.50 per share), the Warrants remain “out-of-the money,” and warrant holders are unlikely to cash exercise their Warrants, resulting in little or no cash proceeds to us. 6 Risks Related to Our Business, Our Technology and Our Industry We have incurred significant losses since inception, we expect to incur losses in the future, and we may not be able to achieve or maintain profitability. We are an early-stage water harvesting technology company with a history of losses. We have incurred a net income (loss) of $215.7 million and $(11.4) million for the years ended December 31, 2024 and 2023, respectively. Although our predecessor entity was established in 2018, we did not develop our first prototype of the AirJoule unit until June 2021, and we have not yet begun commercializing our AirJoule units. We expect that we will continue to incur losses in future periods as we:

| ● | design, develop, market, commercialize and begin to sell 
 AirJoule units;                                          |

| ● | continue to utilize and develop potential new relationships 
 with third-party partners for supply and manufacturing;     |

| ● | build up inventories of parts and components for AirJoule 
 units;                                                    |

| ● | expand our design, development, installation and servicing 
 capabilities;                                              |

| ● | further develop our proprietary technology; |

| ● | develop our distribution network; |

| ● | increase our general and administrative functions to support 
 our growing operations; and                                  |

| ● | expand our production and testing facilities to enhance our 
 efficiency and capabilities for assembly of AirJoule units. |

Because we will incur