AirJoule Technologies Corp.

AirJoule Technologies Corporation announced a partnership with Kubota Corporation for the initial deployment of its water-from-air technology in Texas and California. The collaboration includes an exclusive sales agreement for multi-unit residential developments in these territories. Kubota has purchased two AirJoule Core systems for deployments starting in Q3 2026, aiming to address water scarcity and quality challenges in residential areas. This partnership marks a significant step in commercializing AirJoule's technology and expanding its market reach.

AirJoule Technologies Corp. announced a registered direct offering of 3,658,536 shares of its Class A common stock at $4.10 per share, expecting gross proceeds of $15.0 million and net proceeds of approximately $14.2 million. The company intends to use these funds for the commercialization of its AirJoule Core and Prime systems and general corporate purposes, which is projected to fund operations into 2028. Additionally, at its Annual Meeting on May 28, 2026, shareholders elected two Class II directors and ratified Deloitte & Touche LLP as the independent registered public accounting firm for the fiscal year ending December 31, 2026.

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.

AirJoule Technologies Corp. reported a significant net loss of $(49.8) million for the first quarter of 2026, a sharp decline from a net income of $14.9 million in the prior-year quarter. This loss was primarily driven by a substantial equity loss of $(63.1) million from its investment in AirJoule, LLC, which included $110.3 million in-process R&D impairment and $76.1 million goodwill impairment charges. Despite the losses, the company bolstered its liquidity through a public offering in January 2026, raising $22.1 million in net proceeds, increasing cash to $31.1 million.

AirJoule Technologies reported a net loss of $(49.8) million for the first quarter of 2026. Despite the loss, the company announced significant operational progress, including the completion of the first full-scale AirJoule Prime system and the advancement of its AirJoule Core platform with a locked design and two new variants. The company ended the quarter with a strong cash position of $31.1 million, and a combined cash position of $35.0 million with its joint venture, reaffirming its 2026 spend framework and sufficient cash through 2027.