Company: AIRJW
Filing Date: 2025-05-27
Form Type: POS AM
Source: 0001213900-25-047828
Chunk: 96

Company: AirJoule Technologies Corp.
Filing Date: 2025-05-27
Form: POS AM
Chunk 96
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 members of the Board are divided among the three classes as follows:

| ● | the Class I directors are Matthew B. Jore and Stuart                                         
 Porter and their terms will expire at the annual meeting of stockholders to be held in 2025. |

| ● | the Class II directors are Max S. Baucus, Paul                                                                      
 Dabbar and J. Kyle Derham and their terms will expire at the annual meeting of stockholders to be held in 2026; and |

| ● | the Class III directors are Patrick C. Eilers,                                                                       
 Marwa Zaatari and Ajay Agrawal and their terms will expire at the annual meeting of stockholders to be held in 2027. |

Any additional directorships resulting from an increase in the number of directors will be distributed among the three classes so that, as nearly as possible, each class will consist of one-third of the directors. The division of the Board into three classes with staggered three-year terms may delay or prevent a change of AirJoule’s management or a change in control. See “ Description of Securities of AirJoule — Anti-Takeover Provisions — Classified Board.” Independence of the Board of Directors Nasdaq listing standards require that a majority of our Board be independent. An “independent director” is defined generally as a person other than an officer or employee of the company or its subsidiaries or any other individual having a relationship which, in the opinion of the company’s board of directors, would interfere with the director’s exercise of independent judgment in carrying out the responsibilities of a director. As a result of the Class A Common Stock being listed on the Nasdaq, the Company is required to comply with the applicable rules of such exchange in determining whether members of the Company Board are independent. The Board has determined that Dr. Zaatari and Messrs. Baucus, Dabbar, Agrawal and Derham are “independent directors” as defined in the Nasdaq listing standards and applicable SEC rules. Our independent directors have regularly scheduled meetings at which only independent directors are present. Lead Independent Director Our Corporate Governance Guidelines provide that, if the Chairman of the Board is a member of management or does not otherwise qualify as independent, the independent directors may elect a Lead Independent Director. In March 2025, the independent directors elected Mr. Derham to serve as the Board’s Lead Independent Director. The Lead Independent Director’s responsibilities include, but are not limited to: (i) presiding over all meetings of our