AirJoule Secures $20 Million to Scale Water-from-Air Technology, Leadership Signals Confidence

RONAN, Mont. – January 14, 2026 – AirJoule Technologies Corporation (NASDAQ: AIRJ), a developer of sustainable water generation technology, today announced the pricing of a $20 million public offering to fuel its next phase of growth. The move provides the company with significant capital to scale manufacturing and deploy its innovative systems that create pure water from ambient air, even as it caused a near-term dip in its stock price.

The offering consists of 6,153,847 shares of Class A common stock priced at $3.25 per share. While the price represented an 18% discount to the previous day's trading, the company's own leadership team sent a powerful message of confidence by participating directly in the offering. Executive Chairman Patrick C. Eilers, Chief Executive Officer Matthew B. Jore, and board member Stuart D. Porter all purchased shares at the public price, a move often interpreted by market watchers as a strong belief in a company's long-term value proposition.

Proceeds from the offering, which could climb to over $22 million if underwriters exercise their option to purchase additional shares, are slated to advance capital-efficient manufacturing and support deployments with the company's growing list of strategic partners.

Decoding the Investment Signal

News of the offering prompted a predictable market reaction for a pre-revenue growth company. AirJoule's stock traded down nearly 5% on January 14, as the new shares introduce potential dilution for existing stockholders. However, the participation of its senior leadership provides a crucial counter-narrative to the short-term market jitters.

Insider buying in a public offering is a significant event. It demonstrates that those with the most intimate knowledge of the company’s technology, strategic plans, and financial health are willing to invest their own capital alongside the public. This act aligns leadership's interests directly with those of its shareholders and signals a conviction that the stock is favorably priced for future growth. This recent purchase builds on a pattern of insider belief, with corporate insiders collectively owning over 40% of the company's stock.

Despite being a pre-revenue entity, AirJoule maintains a strong balance sheet with a current ratio of over 14 and no debt, indicating robust liquidity. The new capital injection further solidifies its financial footing as it transitions from research and development to full-scale commercialization.

Fueling a New Wave of Water Technology

At the heart of AirJoule's strategy is its patented platform technology, which provides efficient and sustainable dehumidification and harvests pure, distilled-grade water from the atmosphere. Born from technology originally conceived at the U.S. Department of Energy’s Pacific Northwest National Laboratory (PNNL), the system uses proprietary materials to absorb moisture from the air and can be powered by low-grade waste heat from industrial processes, factories, or even solar thermal sources. This makes it a highly energy-efficient solution compared to traditional refrigeration-based atmospheric water generators (AWGs).

Crucially, the company's process ensures the production of PFAS-free water, a significant advantage in an era of increasing concern over so-called "forever chemicals" contaminating water sources. With the new funding, AirJoule plans to accelerate its product development cycles, enhance its manufacturing readiness, and support customer-specific validation projects. The company is developing systems of various scales, from its A250™ unit, designed to produce 250 liters of water per day, to the larger A1000™ system aimed at industrial and municipal clients.

A Web of Powerful Strategic Alliances

AirJoule is not embarking on its mission alone. The Montana-based company has systematically built a powerful ecosystem of global partners, validating its technology and creating clear pathways to market across multiple sectors. This network is a key differentiator in a competitive landscape and a primary focus for the deployment of the new capital.

A cornerstone of this strategy is a 50/50 joint venture with industrial giant GE Vernova, formed to commercialize the AirJoule system. GE Vernova has underscored its commitment with a total of $20 million in investment, aiming to integrate the technology to repurpose waste heat from power plants and factories into a valuable water resource.

Other key partnerships include:

• Carrier Corporation: A collaboration to integrate AirJoule’s dehumidification and water-generation technology into HVAC equipment in the Americas, opening a vast commercial building market.
• Contemporary Amperex Technology (CATL): A joint venture named CAMT Climate Solutions is focused on manufacturing and commercializing the technology for the rapidly growing Asian market.
• Nexus Data Centers: AirJoule has a water purchase agreement to deploy its systems at Nexus's Texas mega campus by the latter half of 2026. This project will utilize waste heat from data center operations to produce distilled water for cooling, reducing the facility's reliance on local water grids.
• Arizona State University (ASU): A partnership to independently test and validate the performance of AirJoule's technology in arid environments, providing critical third-party data on its effectiveness.

These collaborations demonstrate a multi-pronged strategy targeting industrial, commercial, and residential applications, from providing cooling water for data centers to securing off-grid water sources for rural communities.

Tapping into a Multi-Billion Dollar Market

The capital infusion and strategic alignments position AirJoule at a pivotal moment within the burgeoning AWG market. Driven by increasing global water scarcity, industrialization, and a push for sustainable solutions, the market was valued at approximately $2.8 billion in 2024 and is projected by industry analysts to more than double to over $6 billion by 2034.

AirJoule is working to translate this market potential into tangible results. The company already has operational systems in diverse climates, including Texas, Arizona, and Dubai, serving as crucial proof-of-concept deployments. The upcoming project with Nexus Data Centers and pilot programs with the Red Dot Ranch Foundation in California are set to further demonstrate the technology's commercial viability and real-world impact. These deployments are designed to showcase the system's capability to mitigate water stress for both large-scale industrial consumers and individual communities, marking a critical step in the company's journey from innovator to established market player.