AirJoule Technologies Corp. (AIRJ) Form 8-K — May 14, 2026
AirJoule Technologies reported a net loss of $49.8 million for Q1 2026, primarily driven by a $63.1 million equity loss from its 50/50 joint venture with GE Vernova, though operating cash burn remained manageable at $2.3 million. The company ended the quarter with $31.1 million in cash, rising to $35.0 million when including joint venture funds, and reaffirmed its $25 million annual spend guidance, stating it has sufficient liquidity to fund operations through 2027. Operationally, AirJoule completed the first full-scale build of its AirJoule Prime system and locked the design for its Core platform, while advancing commercial engagements with the U.S.
Key figures
- Total Assets
- 296489780
- Cash Position
- 31093127
- Joint Venture Cash
- 3900000
- Shares Outstanding
- 68472740
- Combined Cash Position
- 35000000
- Projected Annual Spend
- 25000000
- Capital Contributions To JV
- 10000000
- Gross Proceeds From Equity Offering
- 22100000
Price after filing
Close on the filing date to close N calendar days later (from $3.92). Historical, not a forecast.
AI analysis
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