Company: AIRJW
Filing Date: 2025-05-05
Form Type: 424B3
Source: 0001213900-25-039770
Chunk: 186

Company: AirJoule Technologies Corp.
Filing Date: 2025-05-05
Form: 424B3
Chunk 186
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 flows may increase from historical
levels because of additional costs and expenses related to the development of its technology and the development of market and strategic
relationships with other businesses and customers.

With the consummation of the Business Combination
and Subscription Agreements (as defined below), the Company received gross proceeds of approximately $43.4 million in the first quarter
of 2024, approximately $6.0 million in May 2024 and approximately $12.4 million in June 2024, which will be utilized
to fund our product development, operations and growth plans.

Future capital requirements will depend on many
factors, including the timing and extent of spending by the Company and its joint ventures to support the launch of its product and research
and development efforts, the degree to which it is successful in launching new business initiatives and the cost associated with these
initiatives, the timing and extent of contributions made to its joint ventures by the other partners and the growth of the Company’s
business generally. In March 2024, the Company contributed $10.0 million in cash to the AirJoule JV. The Company has also
agreed to contribute up to an additional $90.0 million in capital contributions to the AirJoule JV based on a business plan and annual
operating budgets to be agreed between the Company and GE Vernova. In general, for the first six years, GE Vernova has the right,
but not the obligation, to make capital contributions to the AirJoule JV. See Note 5 — Equity Method Investment
for further information.

In order to finance these opportunities and associated
costs, it is possible that the Company would need to raise additional financing if the proceeds realized to date are insufficient to support
its business needs. While management believes that the proceeds realized to date will be sufficient to meet its currently contemplated
business needs, there is no guarantee that this will be the case. If additional financing is required by the Company from outside sources,
the Company may not be able to raise it on terms acceptable to it or at all. If the Company is unable to raise additional capital on acceptable
terms when needed, its product development business, results of operations and financial condition would be materially and adversely affected.

<div align='center'>F-8

AIRJOULE TECHNOLOGIES CORPORATION
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS</div>

Note 3 — SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Basis of Presentation

The