Company: AIRJW
Filing Date: 2025-04-28
Form Type: S-1/A
Source: 0001213900-25-036124
Chunk: 20

Company: AirJoule Technologies Corp.
Filing Date: 2025-04-28
Form: S-1/A
Chunk 20
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 to B. Riley Principal Capital II under the Purchase Agreement from and after the Commencement Date. The issuance of our Class A Common Stock to B. Riley Principal Capital II pursuant to the Purchase Agreement will not affect the rights or privileges of our existing stockholders, except that the economic and voting interests of each of our existing stockholders will be diluted. Although the number of shares of our Class A Common Stock that our existing stockholders own will not decrease, the shares of our Class A Common Stock owned by our existing stockholders will represent a smaller percentage of our total outstanding shares of our Class A Common Stock after any such issuance. The April 2025 PIPE On April 23, 2025, we entered into the April 2025 PIPE Subscription Agreement 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. 6 True Up Shares On March 8, 2024, we entered into the March 2024 PIPE Subscription Agreement with the March 2024 PIPE Investor pursuant to which, among other things, we 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 orpriortoMarch 14,2025. In March 2025, we issued 275,880shares of our Class A Common Stock to the March 2024 PIPE Investor in satisfaction of our obligations under the March 2024 PIPE Subscription Agreement. The March 2024 PIPE Subscription Agreement entitled the March 2024 PIPE Investor to shelf registration rights with respect to such “true up” shares of Class A Common Stock. Summary of Risk Factors Our business is subject to a number of risks of which you should be aware before making an investment decision. In particular, you should consider the risk factors described in the section entitled “ Risk Factors” beginning on