AirJoule Technologies Announces ~$15.0 Million Registered Direct Offering of Common Stock

AirJoule Technologies Corporation has entered into a securities purchase agreement with institutional investors for a registered direct offering to raise approximately $15.0 million in gross proceeds. The company will issue 3,658,536 shares of its Class A common stock at a price of $4.10 per share.

Key Details

• Offering Details: The company will sell 3,658,536 shares of Class A common stock at $4.10 per share, with the offering expected to close on or about June 1, 2026.
• Financial Impact: The offering is expected to generate gross proceeds of approximately $15.0 million and net proceeds of approximately $14.2 million after fees and expenses.
• Use of Proceeds: Funds will be used for the commercialization of the company's AirJoule Core and Prime systems and for general corporate purposes. The press release indicates this financing is expected to fund the company into 2028.
• Agreement Terms: The company has agreed to a 30-day lock-up period, restricting it from selling additional common stock or debt securities without consent from the placement agent, Titan Partners Group LLC.