Company: AIRJW
Filing Date: 2025-05-27
Form Type: POS AM
Source: 0001213900-25-047828
Chunk: 163

Company: AirJoule Technologies Corp.
Filing Date: 2025-05-27
Form: POS AM
Chunk 163
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 Executive Officer for a monthly payment of $ 20,000in exchange for the Chief Executive Officer providing services in connection with the development and sales of Company technologies and products. For the three months ended March 31, 2025 and 2024, $ 0and $ 60,000, respectively was included in general and administrative expenses on the condensed consolidated statement of operations. On May 1, 2024, this consultancy agreement was terminated. As of March 31, 2025 and December 31, 2024, $ 0was owed under this agreement. F-22 Office Services Agreement On October 31, 2020, the Company entered into a consultancy agreement with an affiliate for a monthly payment of $ 5,000to provide office services. For the three months ended March 31, 2025 and 2024, $ 0and $ 15,000, respectively was included in research and development expenses on the condensed consolidated statement of operations. On May 1, 2024, this office services agreement was terminated. As of March 31, 2025 and December 31, 2024, $ 0was owed under this agreement. Due to Related Party Commencing on December 9, 2021, through the consummation of the initial Business Combination, XPDB agreed to pay affiliates of the sponsor a total of $ 20,000per month for office space, administrative and support services. Upon the close of the Business combination, the Company assumed $ 540,000related to this agreement. The balance was repaid in May 2024. In 2023, the sponsor contributed $ 900,000to the XPDB trust account in connection with extending the XPDB’s termination date pursuant to the approval of the extension amendment proposal. Upon the closing of the Business Combination, the Company assumed this balance and it was subsequently repaid in May 2024. Due from Related Party In November 2024, Legacy Montana executed a statement of work with AirJoule, LLC. Reimbursement of costs incurred during the three months ended March 31, 2025 was $ 127,190and $ 374,654of research and development and general administrative expenses, respectively, and is recorded as a due from related party receivable on the condensed consolidated balance sheets and within contra-expense accounts on the condensed consolidated statements of operations. Related Party Equity Transactions As described in Note 9 – Stockholders’ Equity, Legacy Montana sold equity