Company: AIRJW
Filing Date: 2025-05-27
Form Type: POS AM
Source: 0001213900-25-047828
Chunk: 217

Company: AirJoule Technologies Corp.
Filing Date: 2025-05-27
Form: POS AM
Chunk 217
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arrants elect
to exercise them on a cashless basis, they would pay the exercise price by surrendering their warrants for that number of shares of the Company’s
common stock equal to the quotient obtained by dividing (x) the product of the number of shares of the Company’s common
stock underlying the warrants multiplied by the excess of the 10 day average closing price (defined below) as of the date prior to
the date on which notice of exercise is sent or given to the warrant agent, less the warrant exercise price by (y) the 10 day
average closing price. The 10 day average closing price means, as of any date, the average last reported sale price (defined below)
of the shares of the Company’s common stock as reported during the 10 trading day period ending on the trading day
prior to such date. Last reported sale price means the last reported sale price of the Company’s common stock on the date on which
the notice of exercise of the warrant is sent to the warrant agent.

These Public Warrants expire on the fifth anniversary
of the Business Combination or earlier upon redemption or liquidation and are exercisable commencing 30 days after the Business Combination,
provided that the Company has an effective registration statement under the Securities Act covering the shares of common stock issuable
upon exercise of the warrants and a current prospectus relating to them is available (or the Company permits holders to exercise their
warrants on a cashless basis under the circumstances specified in the warrant agreement) and registered, qualified or exempt from registration
under the securities, or blue sky, laws of the state of residence of the holder.

Once the Public Warrants become exercisable, the
Company may redeem the outstanding Public Warrants:

| ● | in whole and not in part; |

| ● | at a price of $0.01 per warrant; |

| ● | upon a minimum 30 days’ prior written notice of 
 redemption to each warrant holder; and          |

| ● | if, and only if, the reported last reported sale price of                                                             
 the Class A common stock for any 20 trading days within a 30-trading day prior to the date on which the Company sends 
 the notice of redemption to the warrant holders equals or exceeds $18.00 per share (as adjusted).                     |

F-59 AIRJOULE TECHNOLOGIES CORPORATION
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Note 10 — STOCKHOLDERS’ EQUITY (DEFICIT)(