AirJoule prices 6.15M shares at $3.25 in underwritten public offering

AirJoule Technologies (AIRJ) announced the pricing of an underwritten public offering of 6,153,847 shares of its Class A common stock, par value $0.0001 per share, at a public offering price of $3.25 per share, pursuant to an effective shelf registration statement on Form S-3 previously filed with the U.S. Securities and Exchange Commission. The offering included participation from directors, officers and executive management of the Company including Patrick Eilers, the Company’s Executive Chairman and member of its Board of Directors, Matthew Jore, the Company’s CEO and member of its Board of Directors and Stuart Porter, a member of the Company’s Board of Directors, who each purchased shares of Class A common stock in this offering at the public offering price per share and on the same terms as the other purchasers in this offering. In addition, the Company has granted the underwriter a 45-day option to purchase up to an additional 923,077 shares of Class A common stock at the public offering price, less the underwriting discounts and commissions. Lucid Capital Markets is acting as sole book-running manager for the offering. The offering is expected to close on or about January 15, subject to customary closing conditions.