Company: AIRJW
Filing Date: 2025-03-25
Form Type: 10-K
Source: 0001013762-25-002263
Chunk: 278

Company: AirJoule Technologies Corp.
Filing Date: 2025-03-25
Form: 10-K
Item: Item 1A
Chunk 278
---
 into on June 5, 2024.

Our future capital requirements will depend on many factors, including
the timing and extent of spending to support the launch of our product and research and development efforts, the degree to which we are
successful in launching new business initiatives and the cost associated with these initiatives, and the growth of our business generally.
Pursuant to the A&R Joint Venture Agreement, we contributed $10.0 million in cash to the AirJoule JV at the JV closing and in June
2024, GE Vernova contributed $100 to the AirJoule JV. We have 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.

In order to finance these opportunities and associated costs, it is possible
that we would need to raise additional financing if the proceeds realized to date are insufficient to support our business needs. While
we believe that the proceeds realized to date will be sufficient to meet our currently contemplated business needs, management cannot
assure that this will be the case. If additional financing is required by us from outside sources, we may not be able to raise it on terms
acceptable to us or at all. If we are unable to raise additional capital on acceptable terms when needed, our product development business,
results of operations and financial condition would be materially and adversely affected.

Cash flows for the year ended December 31,
2024 and 2023

The following table summarizes our cash flows from operating, investing
and financing activities for the year ended December 31, 2024 and 2023:

    Year ended December 31, 

    2024  
    2023 
  
    Net cash used in operating activities 
    $(24,261,446) 
    $(5,100,989)
  
    Net cash used in investing activities 
     (10,019,058) 
     — 
  
    Net cash provided by financing activities 
     61,926,456  
     265,299 
  
    Net increase (decrease) in cash and cash equivalents 
    $27,645,952  
    $(4,835,690)

Cash Flows from Operating Activities

During the