Company: AIRJW
Filing Date: 2025-03-25
Form Type: 10-K
Source: 0001013762-25-002263
Chunk: 1043

Company: AirJoule Technologies Corp.
Filing Date: 2025-03-25
Form: 10-K
Item: Item 6
Chunk 1043
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Net Income (Loss) Per Share

Basic net income (loss) per share is computed by dividing the net income
(loss), which is allocated based upon the proportionate amount of weighted average shares outstanding, by each class of stockholder’s
stock outstanding during the period. Diluted net loss per share is computed by giving effect to all potential shares of common stock,
including warrants, stock options, Earnout Shares, True Up Shares, Subject Vesting Shares and restricted stock units (“RSUs”),
to the extent dilutive. Stock options and warrants with exercise prices greater than the average market price of the Company’s common
stock for the period are excluded from the calculation of diluted net income (loss) per share as their inclusion would be anti-dilutive.
Additionally, RSUs that vest based on service conditions that have not been achieved as of the end of the period are not included in the
computation of basic or diluted earnings per share. Finally, Earnout Shares, True Up Shares and Subject Vesting shares are not included
in the calculation of dilutive net income (loss) per share if their conditions are not deemed satisfied for issuance as of the reported
period. For the year ended December 31, 2024, the warrants, Earnout Shares, Subject Vesting Shares and RSUs were not included in the calculation
of dilutive net income (loss) per share as they would be anti-dilutive. For the year ended December 31, 2023, due to a net loss, all potential
shares of common stock were not included in the calculation of dilutive net loss per share as their effect would have been anti-dilutive.

For the year ended December 31, 2024, dilutive shares included in the
calculation or net income (loss) per share of common stock, utilizing the treasury stock method, were 1,272,270 shares of common stock
issuable upon the exercise of options and 225,239 shares of common stock issuable 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