Company: AIRJW
Filing Date: 2025-05-27
Form Type: POS AM
Source: 0001213900-25-047828
Chunk: 172

Company: AirJoule Technologies Corp.
Filing Date: 2025-05-27
Form: POS AM
Chunk 172
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.7 | % |
| Risk-free interest rate        |     |  4.3 | % |
| Expected dividends             |     |    — |   |

Restricted Stock Units with Performance-Based Conditions

The Company granted 201,279RSUs with performance-based conditions during the three months ended March 31, 2025 which consisted of 192,691awards granted to employees and 8,588awards granted to non-employee equity method investees. These awards vest subject to certain performance-based conditions. During three months ended March 31, 2025, the Company did not recognize any stock-based compensation expense associated with RSUs with performance-based conditions.

Note 11 — FAIR VALUE MEASUREMENTS

Items Measured at Fair Value on a Recurring Basis:

The Company accounts for certain liabilities at fair value on a recurring basis and classifies these liabilities within the fair value hierarchy (Level 1, Level 2, or Level 3).

Liabilities subject to fair value measurements are as follows:

|                                  |     | As of March 31, 2025 |   |     |         |   |     |         |            |     |       |            |
|:---------------------------------|:----|:---------------------|:--|:----|:--------|:--|:----|:--------|-----------:|:----|:------|-----------:|
|                                  |     | Level 1              |   |     | Level 2 |   |     | Level 3 |            |     | Total |            |
| Liabilities                      |     |                      |   |     |         |   |     |         |            |     |       |            |
| Earnout Shares liability         |     | $                    | — |     | $       | — |     | $       | 11,692,000 |     | $     | 11,692,000 |
| Subject Vesting Shares liability |     |                      | — |     |         | — |     |         |  2,345,000 |     |       |  2,345,000 |
| Total liabilities                |     | $                    | — |     | $       | — |     | $       | 14,037,000 |     | $     | 14,037,000 |

F-28

Earnout Shares

The Legacy Montana Equityholders have the opportunity to receive additional equity consideration (in each case, in accordance with their respective pro