other material
confidence high
sentiment neutral
materiality 0.60
AirJoule enters $30M equity line with B. Riley; can sell shares at 3-5% discount over 36 months
AirJoule Technologies Corp.
- Company may sell up to $30M of newly issued Class A common stock to B. Riley Principal Capital II, LLC on a discretionary basis.
- Purchases executed via Market Open (3% VWAP discount), Intraday (3% discount), or Fixed ($50K per purchase, 5% VWAP discount) methods.
- Commitment fee of $450,000 (1.5% of total) payable via 10% withholding on each purchase; term ends after 36 months or $30M sold.
- Exchange cap of 11,261,790 shares without shareholder approval unless average price ≥ $7.21; investor capped at 4.99% beneficial ownership.
- Net proceeds to be used for working capital and general corporate purposes; no short sales or hedging by investor permitted.