Company: AIRJW
Filing Date: 2025-05-27
Form Type: POS AM
Source: 0001213900-25-047828
Chunk: 154

Company: AirJoule Technologies Corp.
Filing Date: 2025-05-27
Form: POS AM
Chunk 154
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 Class B common stock to Class A common stock, the sponsor of XPDB beneficially owned 6,827,969shares of Class A common stock, of which (i) 5,447,233shares automatically vested (and shall not be subject to forfeiture) at the Closing and (ii) 1,380,736shares (the “Subject Vesting Shares”) shall be vested and no longer be subject to forfeiture as follows:

| ● | During                                                                                      
 the vesting period, a portion of the Subject Vesting Shares shall vest, from time to time,  
 simultaneously with any Earnout Shares, with the number of vesting shares calculated as (A) 
 the aggregate number of Subject Vesting Shares outstanding immediately after the Closing    
 multiplied by (B) the fraction of (x) the applicable Earnout Milestone Amount divided by    
 (y) the Maximum Earnout Milestone Amount (as defined below); and                            |

| ● | (A) 690,368 shall vest at such time that the volume weighted average price of Class A common stock on the Nasdaq Capital Market (“Nasdaq”) as reported by Bloomberg L.P. equals or exceeds $12.00 per share (as adjusted for extraordinary transactions, stock splits, extraordinary stock dividends, reorganizations, recapitalizations and the like) for 20 trading days within any 30 consecutive trading day period during the vesting period; or (B) if, prior to the $12.00 vesting time, any Subject Vesting Shares have vested simultaneously with the Earnout Stock Payment, then (x) if the number of Subject Vesting Shares that have vested exceeds 690,368, then no additional Subject Vesting Shares shall vest and (y) if the number of Subject Vesting Shares that have vested is less than 690,368 (the “Deficit Amount”), then a number of Subject Vesting Shares equal to 690,368 less the Deficit Amount shall vest; and |

| ● | Any remaining Subject Vesting Shares shall vest in full at the same time that the volume weighted average price of Class A common stock on the Nasdaq as reported by Bloomberg L.P. equals or exceeds $14.00 per share (as adjusted for extraordinary transactions, stock splits, extraordinary stock dividends, reorganizations, recapitalizations and the like) for any 20 trading days within any 30 consecutive trading day period. |

On March 8, 2024, XPDB and an investor entered into a Subscription Agreement pursuant to which XP