secwatch.observer — SEC 8-K summary
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Issuer:     AirJoule Technologies Corp. (AIRJ)
CIK:        0001855474
Form:       8-K
Filed at:   2025-03-25T23:59:59+00:00
Accession:  0001013762-25-002249
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

AirJoule enters $30M equity line with B. Riley; can sell shares at 3-5% discount over 36 months
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1855474/000101376225002249/0001013762-25-002249-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1855474/000101376225002249/ea023564501-8k_air.htm
  HTML page:      https://secwatch.observer/filing/0001013762-25-002249

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