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AirJoule Technologies Announces Pricing of $20 Million Public Offering of Class A Common Stock
Globenewswire· 2026-01-14 12:30
Core Viewpoint - AirJoule Technologies Corporation has announced a public offering of 6,153,847 shares of its Class A common stock at a price of $3.25 per share, aiming to raise capital for growth and operational purposes [1][3]. Group 1: Offering Details - The public offering consists of 6,153,847 shares priced at $3.25 each, under an effective shelf registration statement [1]. - The offering includes participation from key executives and board members, who purchased shares at the same price as other investors [2]. - The underwriter has a 45-day option to purchase an additional 923,077 shares at the public offering price [3]. Group 2: Use of Proceeds - The net proceeds from the offering will be utilized for growth capital, working capital, and general corporate purposes, including enhancing manufacturing readiness and supporting strategic partnerships [3]. Group 3: Underwriter and Closing - Lucid Capital Markets is the sole book-running manager for the offering, which is expected to close around January 15, 2026, pending customary closing conditions [4]. Group 4: Company Overview - AirJoule Technologies Corporation is focused on developing AirJoule™, a technology platform that provides efficient dehumidification and pure water from air [7].
AirJoule Technologies and the U.S. Army Engineer Research and Development Center to Collaborate on Atmospheric Water Generation Using Waste Heat
Globenewswire· 2025-10-07 12:30
Core Insights - AirJoule Technologies Corporation has entered into a three-year Cooperative Research and Development Agreement (CRADA) with the U.S. Army Engineer Research and Development Center (ERDC) to enhance water supply solutions for military applications [1][2][3] Company Overview - AirJoule Technologies is a technology platform focused on extracting water from air, aiming to alleviate global water and energy constraints through innovative sorption technologies [4] Collaboration Details - The partnership will utilize ERDC's tactical generator waste heat recovery systems alongside AirJoule's technology to create a reliable supply of potable water for military personnel in diverse environmental conditions [2][3] - The collaboration is expected to advance heat-driven atmospheric water generation technology and contribute to future sustainability and resiliency capabilities [3]