Company: AIRJW
Filing Date: 2025-03-25
Form Type: 10-K
Source: 0001013762-25-002263
Chunk: 264

Company: AirJoule Technologies Corp.
Filing Date: 2025-03-25
Form: 10-K
Item: Item 1A
Chunk 264
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, investors may lose confidence in the accuracy and completeness of our
financial reports and the market price of our common stock could be materially adversely affected, and we could become subject to investigations
by the stock exchange on which our securities are listed, the SEC or other regulatory authorities, which could require additional financial
and management resources.

Anti-takeover provisions in our governing documents and under
Delaware law could make an acquisition of us more difficult, limit attempts by our stockholders to replace or remove our current management
and limit the market price of our common stock.

Our Charter and Bylaws contain provisions that could have the effect
of making it more difficult, delaying or preventing an acquisition deemed undesirable by our board of directors. Thes provisions include:

●a staggered board, which means that our board of directors is classified into three classes of directors with staggered three-year
terms and directors are only able to be removed from office for cause;

●limitations on convening special stockholder meetings, which could make it difficult for our stockholders to adopt desired governance
changes;

●a prohibition on stockholder action by written consent, which means that our stockholders will only be able to take action at a meeting
of stockholders and will not be able to take action by written consent for any matter;

●a forum selection clause, which means certain litigation against us can only be brought in Delaware;

●the authorization of undesignated preferred stock, the terms of which may be established and shares of which may be issued without
further action by our stockholders; and

●advance notice procedures, which apply for stockholders to nominate candidates for election as directors or to bring matters before
an annual meeting of stockholders.

These provisions, alone or together, could delay or prevent hostile
takeovers and changes in control or changes in our management.

22

As a Delaware corporation, we are also subject to provisions of Delaware
law, including Section 203 of the DGCL, which prevents interested stockholders, such as certain stockholders holding more than 15% of
our outstanding common stock, from engaging in certain business combinations unless (i) prior to the time such stockholder became an interested
stockholder, the board of directors approved the transaction that resulted in such stockholder becoming an interested stockholder, (ii)
upon consummation of the transaction that resulted in such stockholder becoming an interested stockholder, the interested stockholder
owned at least 85% of the common stock, or (iii) following board approval,