Company: AIRJW
Filing Date: 2025-05-05
Form Type: 424B3
Source: 0001213900-25-039770
Chunk: 150

Company: AirJoule Technologies Corp.
Filing Date: 2025-05-05
Form: 424B3
Chunk 150
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 connection with the consummation of the Business
Combination as contemplated by the Merger Agreement, AirJoule, Sponsor and certain other holders of AirJoule capital stock entered into
the Registration Rights Agreement, pursuant to which the Company agreed to register for resale, pursuant to Rule 415 under the Securities
Act, certain shares of Class A Common Stock and other equity securities of the Company that are held by the parties thereto from
time to time. Pursuant to the Registration Rights Agreement, the Company agreed to file a shelf registration statement registering the
resale of the Class A Common Stock (including those held as of Closing or issuable upon future exercise of the Private Placement
Warrants) and the Private Placement Warrants under the Registration Rights Agreement within 30 days after the execution of the Registration
Rights Agreement. At any time and from time to time when an effective shelf registration is on file with the SEC, certain stockholders
may request to sell all or any portion of their Registrable Securities in an underwritten offering so long as the total offering price
is reasonably expected to exceed $25.0 million. The Company also agreed to provide customary “piggyback” registration
rights, subject to certain requirements and customary conditions. The Registration Rights Agreement also provides that AirJoule will pay
certain expenses relating to such registrations and indemnify the stockholders against certain liabilities.

Lock-up Agreements

In connection with the consummation of the Business
Combination as contemplated by the Merger Agreement, AirJoule, the Sponsor and certain other holders of AirJoule capital stock entered
into the Lock-Up Agreements, pursuant to which the parties were subject to certain restrictions on transfer with respect to the shares
of Class A Common Stock issued as part of the Business Combination beginning at the Closing and ending on the date that is six months
after the completion of the Business Combination and with respect to the Private Placement Warrants, thirty calendar days after the
completion of the Business Combination. Following the execution of the Lock-Up Agreements, a total of approximately 32,382,023 shares
of the issued and outstanding Class A Common Stock, were subject to the restrictions of the Lock-Up Agreements as of the Closing.
Restrictions on transfer of Class A Common Stock expired on September 14, 2024 and restrictions on Private Placement Warrants
expired on April 14, 2024.

Consulting Agreements

AirJoule was a party to a consulting agreement,