secwatch.observer — SEC 8-K summary
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Issuer:     AirJoule Technologies Corp. (AIRJ)
CIK:        0001855474
Form:       8-K
Filed at:   2024-03-14T23:59:59+00:00
Accession:  0001213900-24-022662
Event type: m_and_a
Sentiment:  positive
Materiality: 0.80
Item codes: 1.01, 3.02, 5.07, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

XPDB closes business combination with Montana Technologies; shares to trade as AIRJ
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- Shareholders approved all proposals at March 8 meeting; 13.1M shares voted for the business combination.
- Public shareholders redeemed 10,381,983 shares at ~$10.85 each, totaling $112.7M.
- Total capital commitments exceeded $50M minimum cash condition; investors include Carrier, GE Vernova, Rice Investment Group.
- Combined company renamed Montana Technologies Corp.; common stock and warrants begin trading on NASDAQ as AIRJ and AIRJW on March 15, 2024.
- PIPE investor subscribed for 588,235 shares at closing, with up to 840,336 additional shares eligible at one-year anniversary.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1855474/000121390024022662/0001213900-24-022662-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1855474/000121390024022662/ea0201788-8k425_power2.htm
  HTML page:      https://secwatch.observer/filing/0001213900-24-022662

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