Company: AIRJW
Filing Date: 2025-04-28
Form Type: S-1/A
Source: 0001213900-25-036124
Chunk: 225

Company: AirJoule Technologies Corp.
Filing Date: 2025-04-28
Form: S-1/A
Chunk 225
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 three years. Also included is the consideration received by us for such shares and information relating to the section of the Securities Act, or rule of the SEC, under which exemption from registration was claimed. Committed Equity Financing On March25, 2025, the Company entered into a common stock purchase agreement with to B. Riley Principal Capital II, pursuant to which, among other things, we may, in our sole discretion, elect sell to B. Riley Principal Capital II up to 4,250,000shares of our Class A Common Stock, from time to time after the date of this prospectus and during the term of the Purchase Agreement. These securities were issued and sold in reliance on Section 4(a)(2) of the Securities Act. The April 2025 PIPE On April23, 2025, the Company entered into the April 2025 PIPE Subscription Agreements with the April 2025 PIPE Investors, pursuant to which, among other things, the April 2025 PIPE Investors agreed to subscribe for and purchase from AirJoule, and AirJoule agreed to issue and sell to the April 2025 PIPE Investors, an aggregate of 3,775,126 newly issued shares of Class A Common Stock at a purchase price of $3.98 per share on the terms and subject to the conditions set forth therein. The April 2025 PIPE Subscription Agreements entitled the April 2025 PIPE Investors to shelf registration rights with respect to the shares of Class A Common Stock they purchased. These securities were issued and sold in reliance on Section 4(a)(2) of the Securities Act. PIPE Investments In connection with the closing of the Business Combination on March 14, 2024, pursuant to the March 2024 PIPE Subscription Agreement, the Company issued and sold to the March 2024 PIPE Investor an aggregate of 588,235 newly issued shares of Class A Common Stock on the terms and subject to the conditions set forth in the March 2024 PIPE Subscription Agreement at a purchase price of $8.50 per share for aggregate gross proceeds to the Company of $5.0 million. In addition, pursuant to the March 2024 Subscription Agreement, the Company agreed to issue to the March 2024 PIPE Investor up to a certain amount of “true up” shares of Class A Common Stock in addition to the shares initially purchased under the March 2024 PIPE Subscription Agreement based on the trading performance of the Class A Common Stock on or prior to March14, 2025. In