Extracted from this filing and checked against the source text.
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.95
AirJoule Technologies Corp. entered into First Amendment to Agreement and Plan of Merger with Montana Technologies, LLC valued at Amendment reducing Aggregate Transaction Proceeds condition from $85 million to $50 million (effective 2024-02-05).
- Action
- entry
- Agreement
- merger
- Counterparty
- Montana Technologies, LLC
- Value
- Amendment reducing Aggregate Transaction Proceeds condition from $85 million to $50 million
- Effective
- 2024-02-05
Exact text from the filing
Item 1.01 Entry into a Material Definitive Agreement. On February 5, 2024, Power & Digital Infrastructure Acquisition II Corp. (“XPDB”), XPDB Merger Sub, LLC, a Delaware limited liability company (“Merger Sub”) and Montana Technologies, LLC, a Delaware limited liability company (“Montana”) entered into that certain First Amendment to Agreement and Plan of Merger (the “Amendment”), amending that certain Agreement and Plan of Merger, dated June 5, 2023, by and among XPDB, Merger Sub and Montana (the “Business Combination Agreement”), to, among other things, (i) amend the definition of Aggregate Transaction Proceeds and (ii) reduce the Aggregate Transaction Proceeds condition from $85 million to $50 million.
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