InvestmentMay 28, 2026, 10:50 PM
AirJoule Technologies Secures $15.0M in Registered Direct Offering
AI Summary
AirJoule Technologies Corp. announced a definitive securities purchase agreement with institutional investors for a registered direct offering of 3,658,536 shares of common stock. The offering is expected to generate gross proceeds of approximately $15.0 million. The company plans to use the net proceeds for the commercialization of its AirJoule Core and AirJoule Prime systems and for general corporate purposes, extending its funding into 2028.
Key Highlights
- Secured approximately $15.0 million in gross proceeds from a registered direct offering.
- Issued 3,658,536 shares of common stock to certain institutional investors.
- Net proceeds will fund commercialization of AirJoule Core and AirJoule Prime systems.
- Proceeds, combined with existing cash, expected to fund the company into 2028.
- Offering closing is anticipated on or about June 1, 2026.
- Titan Partners acted as the sole placement agent for the offering.
Price Impact
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