SPAC XPDB files adjusted pro forma balance sheet for Montana Technologies merger; 97.9% redemption rate

AirJoule Technologies Corp.

10,381,983 shares redeemed at $10.86 each for total of $112.7M from trust; only 226,195 shares converted.
Private placement and PIPE raise $53.995M: $48.995M Montana Common Units + $5M PIPE.
Earnout shares up to 20M shares; fair value estimated at $83.7M; 71.6% treated as contingent consideration.
Estimated transaction costs of $9.0M (XPDB) and $7.6M (Montana) accounted for in pro forma adjustments.
Combined company shows total assets of $35.2M and stockholders' deficit of $40.6M after adjustments.

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