AirJoule Technologies Corp. has entered into a definitive securities purchase agreement with institutional investors to issue 3.66 million common shares through a registered direct offering. The company expects gross proceeds of $15 million before deducting placement agents' fees and other offering costs, which combined with existing cash will fund operations through 2028. Titan Partners, an affiliate of American Capital Partners, is acting as sole placement agent for the deal, with closing anticipated around June 1st. The proceeds will support promotion of the AirJoule Core and AirJoule Prime products as well as general corporate purposes.
AirJoule Technologies CorporationCompany raises $15 million via direct offering to fund operations through 2028.