Extracted from this filing and checked against the source text.
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.98
AirJoule Technologies Corp. entered into Investment Agreement with Contemporary Amperex Technology Co., Limited (CATL) and affiliates valued at CATL Parties agreed to ownership limit of 9.8% on economic or voting basis and restrictions on acqui (effective 2023-09-29).
- Action
- entry
- Agreement
- equity purchase
- Counterparty
- Contemporary Amperex Technology Co., Limited (CATL) and affiliates
- Value
- CATL Parties agreed to ownership limit of 9.8% on economic or voting basis and restrictions on acqui
- Effective
- 2023-09-29
Exact text from the filing
On September 29, 2023, Power & Digital Infrastructure Acquisition II Corp. (“XPDB”) entered into an Investment Agreement (the “Investment Agreement”) with Montana Technologies LLC (“Montana”), Contemporary Amperex Technology Co., Limited (“CATL”), CATL US Inc., an affiliate of CATL (“CATL US”) and Contemporary Amperex Technology USA Inc. an affiliate of CATL (“CATL USA,” and, together with CATL US and CATL, the “CATL Parties”), pursuant to which the CATL Parties agreed, among other things, that they will not, directly or indirectly, (i) acquire any additional units of XPDB following the consummation of its proposed business combination with Montana (the “Business Combination,” and such surviving company, the “Post-Combination Company”), (ii) seek election to, or to place a representative on, Montana’s board of managers or the board of directors of the Post-Combination Company, or (iii) acquire any securities of the Post-Combination Company if, following such acquisition, the CATL Parti
View on SEC.gov