Company: AIRJW
Filing Date: 2025-03-25
Form Type: 10-K
Source: 0001013762-25-002263
Chunk: 1722

Company: AirJoule Technologies Corp.
Filing Date: 2025-03-25
Form: 10-K
Item: Item 11
Chunk 1722
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uable upon the triggering event of the True Up Shares during
the third quarter of 2024.

F-13

The net income (loss) per share of common stock presented in the consolidated
statements of operations is based on the following for the year ended December 31, 2024 and 2023:

    Year Ended December 31, 

    2024  
    2023 

    Class A Common Stock  
    Class B Common Stock  
    Class A Common Stock  
    Class B Common Stock 
  
    Basic net income (loss) per share of common stock 

    Numerator: 

    Allocation of net income (loss) 
    $198,830,017  
    $16,865,545  
    $(9,932,545) 
    $(1,446,571)
  
    Denominator: 

    Basic weighted average shares outstanding 
     47,964,244  
     4,068,516  
     32,680,981  
     4,759,642 
  
    Basic net income (loss) per share of common stock 
    $4.15  
    $4.15  
    $(0.30) 
    $(0.30)

    Diluted net income (loss) per share of common stock 

    Numerator: 

    Allocation of net income (loss) 
    $199,301,831  
    $16,393,731  
    $(9,932,545) 
    $(1,446,571)
  
    Denominator: 

    Diluted weighted average shares outstanding 
     49,461,753  
     4,068,516  
     32,680,981  
     4,759,642 
  
    Diluted net income (loss) per share of common stock 
    $4.03  
    $4.03  
    $(0.30) 
    $(0.30)

New Accounting Pronouncements

Recently Issued Accounting Standards

The Company is an emerging growth company, as defined in the JOBS Act.
Under the JOBS Act, emerging growth companies can delay adopting new or revised accounting standards issued subsequent to the enactment
of the JOBS Act, until such time as those standards apply to private companies. The Company has elected to use this extended transition
period for complying with new or revised