AirJoule Technologies Corporation priced a public offering of 6,153,847 shares of its Class A common stock at $3.25 per share, generating $20 million in net proceeds. The offering, conducted under an effective shelf registration statement on Form S‑3, is expected to close on or about January 15, 2026.
The company will deploy the proceeds to fund growth capital, working capital, and general corporate purposes, with a focus on advancing manufacturing readiness and supporting phased, demand‑aligned deployment with strategic partners. This capital injection is intended to accelerate the commercialization of AirJoule’s atmospheric‑water‑harvesting technology, which uses waste heat to extract potable water from ambient air, positioning the firm to serve data‑center, industrial, and HVAC markets.
AirJoule’s financial profile remains mixed. The company reported a net loss of $4 million for Q3 2025, a reversal from a $2.5 million net income in Q2 2025 and a $14.9 million net income in Q1 2025. Revenue growth has stalled, and the firm is classified as a distressed stock with a low Piotroski F‑Score. The offering price of $3.25 represents an 18 % discount to the trading price of $3.97 on the announcement day, a pricing decision that reflects market concerns about the company’s current financial trajectory.
Insider participation underscores management confidence: Executive Chairman Patrick C. Eilers, CEO Matthew B. Jore, and board member Stuart D. Porter each purchased shares at the offering price. The underwriter, Lucid Capital Markets, retained a 45‑day option to buy up to an additional 923,077 shares at the same price, providing flexibility for the firm to raise additional capital if needed.
While the capital raise will support AirJoule’s expansion plans, the discount and the company’s recent losses signal that investors remain cautious. The transaction underscores the firm’s need for liquidity to sustain its technology development and market entry, but it also highlights the challenges of scaling a niche, high‑efficiency water‑harvesting platform in a competitive industrial landscape.
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