ADDED
As of March 1, 2026, there were 68,447,740 shares of the registrant s Class A common stock, par value $0.0001 per share, issued and outstanding.
Wh/L are to watt-hours per liter, the unit of measurement for energy required to remove a liter of water from the air by AirJoule and other methods of dehumidification.
XMS are to XMS XPDI Sponsor Holdings II LLC, an entity owned by professionals of XMS Capital Partners, LLC, a global independent financial services firm, primarily providing strategic and financial advisory services; XMS Capital are to XMS Capital Partners, LLC, an entity experienced in providing strategic and financial advisory services, including advising clients on mergers and acquisitions, capital structure, financings, takeover and activist preparation, and restructurings; and XPDB are to Power Digital Infrastructure Acquisition II Corp., a special purpose acquisition company.
iii CAUTI ONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS This Report, including, without limitation, statements under the heading Item 7.
Overview We are an advanced technology company whose purpose is to free the world from its water and energy constraints by delivering groundbreaking sorption technologies.
Our platform technology, AirJoule, produces pure distilled water from air and, at commercial scale, will mitigate water scarcity through distributed water generation for businesses and consumers around the world.
Our products are especially valuable for industrial users, which generate significant amounts of waste heat that can be used to power our sorption technologies to produce low cost pure distilled water and dehumidified air two key inputs for a variety of industrial activities, including data centers and advanced manufacturing.
We are commercializing and scaling manufacturing of our AirJoule systems through our global collaborations, including our 50/50 joint venture with GE Vernova Inc.
(NYSE: GEV) and our commercial partnerships with Carrier Global Corporation (NYSE: CARR) and TenX Investment in Energy Enterprises Management Co.
We believe that deploying AirJoule systems worldwide will unleash the power of water from air and help to improve global water security.
REMOVED
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C.
As of March 1, 2025, there were 55,997,661 shares of the registrant s Class A common stock, par value $0.0001 per share, issued and outstanding.
iii CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS This Report, including, without limitation, statements under the heading Item 7.
Overview We are a water harvesting technology company that produces pure distilled water by harvesting the water vapor in the atmosphere.
Our proprietary AirJoule system, once commercialized, will provide cost-effective water to businesses and consumers around the world and help address growing concerns around water scarcity.
Our system is especially valuable for industrial users, which generate significant amounts of waste heat that can be utilized to produce pure distilled water and dehumidified air two key inputs for a variety of industrial activities, including data centers and advanced manufacturing.
We are focused on commercialization and scaling manufacturing of our AirJoule systems through our global partnerships, including with GE Ventures LLC GE Vernova and Carrier Global Corporation ( Carrier ), and we believe that deploying AirJoule units worldwide can help to improve water security and reduce global emissions.
We plan to manufacture AirJoule units capable of producing 1,000 liters per day in 2025, which we intend to use for customer demonstrations, and we expect to scale capacities for commercial sales in 2026.
In November 2024, to better align our name with our business operations and proprietary technology, we changed our name from Montana Technologies Corporation to AirJoule Technologies Corporation, and our wholly-owned subsidiary changed its name from Montana Technologies LLC to AirJoule Technologies LLC.
At present, the sorbent used in AirJoule systems is a proprietary metal organic framework ( MOF ).