SPAC PDI Acquisition II raises $287.5M in IPO; private placement adds $11.1M

AirJoule Technologies Corp.

IPO of 28,750,000 units at $10.00/unit completed Dec 14, 2021; gross proceeds $287.5M.
Each unit includes one Class A share and one-half redeemable warrant exercisable at $11.50.
Private placement of 11,125,000 warrants at $1.00 each raised $11.125M from sponsor XPDI Sponsor II LLC.
Underwriters' over-allotment option exercised for 3,750,000 additional units.
Company adopted Amended and Restated Certificate of Incorporation on Dec 9, 2021.

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