IPO - Montana Technologies Corp.

Form Type: S-1

Filing Date: 2025-03-27

Corporate Action: Ipo

Type: New

Accession Number: 000101376225002897

Filing Summary: AirJoule Technologies Corporation is registering a total of 4,250,000 shares of Class A Common Stock under the Securities Act of 1933. This prospectus outlines the offering related to these shares, which are to be sold by B. Riley Principal Capital II, LLC, the Selling Stockholder. The shares may be issued under a common stock purchase agreement dated March 25, 2025, allowing up to $30,000,000 worth of stock to be purchased by the Selling Stockholder, with sales occurring at varying prices as per specified conditions in the agreement. The company emphasizes that they will not receive any proceeds from the sale of shares by the Selling Stockholder but could receive proceeds from future sales of shares to B. Riley. The prospectus also outlines AirJoule's business model focused on addressing water scarcity through innovative technology that effectively harnesses atmospheric water vapor, aiming for commercialization with plans to manufacture units capable of producing significant water volumes by 2025. AirJoule is characterized as an emerging growth company subjected to reduced disclosure requirements. It previously underwent a merger and name change, transitioning from a prior entity in 2024. Risks and compliance aspects associated with securities laws are detailed, highlighting forward-looking statements related to the company's technology development and market position.

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