---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-24-022247"
form_type: "8-K"
ticker: "AIRJ"
cik: "0001855474"
company_name: "AirJoule Technologies Corp."
filed_at: "2024-03-13T23:59:59+00:00"
generated_at: "2026-06-04T22:32:50.957592+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001213900-24-022247
- form_type: 8-K
- ticker: AIRJ
- cik: 0001855474
- company_name: AirJoule Technologies Corp.
- filed_at: 2024-03-13T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1855474/000121390024022247/0001213900-24-022247-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1855474/000121390024022247/ea0201749-8k425_power2.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-24-022247
- JSON: https://secwatch.observer/filing/0001213900-24-022247.json
- Plain text: https://secwatch.observer/filing/0001213900-24-022247.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.