Montana Tech & GE Vernova form 50/50 JV; Insiders subscribe $5M for 588K XPDB shares

AirJoule Technologies Corp.

JV with GE Vernova (AirJoule JV) to combine sorbent materials and AirJoule water capture tech; each holds 50% interest.
Montana Tech to contribute $10M at closing, up to additional $90M based on business plan.
Subscription agreements raise $5M from TEP Montana, XMS MT Holdings, and Stuart Porter for 588,236 XPDB shares upon business combination close.
Closing conditions include amendment to Battelle license; termination date March 31, 2024.
Investors include CEO Patrick Eilers (TEP MT) and other insiders; Porter nominated to board post-merger.

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