secwatch.observer — SEC 8-K summary
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Issuer:     AirJoule Technologies Corp. (AIRJ)
CIK:        0001855474
Form:       8-K
Filed at:   2023-06-05T23:59:59+00:00
Accession:  0001213900-23-045982
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

XPDB agrees to acquire Montana Technologies for ~$421.9M; earnout up to $200M
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- Aggregate consideration of ~$421.9M to Montana equityholders, payable in Class A common stock at $10/share.
- Capital raise of at least $85.0M required as condition to closing.
- Earnout shares capped at $200M based on production capacity and EBITDA milestones.
- Sponsor to vest 1,380,736 shares (20%) based on price thresholds ($12, $14) or earnout milestones.
- Extension meeting on June 9, 2023 to extend deadline to Dec 14, 2023 (or later).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1855474/000121390023045982/0001213900-23-045982-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1855474/000121390023045982/ea179769-8k425_power2.htm
  HTML page:      https://secwatch.observer/filing/0001213900-23-045982

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer