secwatch.observer — SEC 8-K summary
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Issuer:     AirJoule Technologies Corp. (AIRJ)
CIK:        0001855474
Form:       8-K
Filed at:   2024-03-20T23:59:59+00:00
Accession:  0001213900-24-024441
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.90
Item codes: 2.01, 1.01, 5.06, 5.02, 3.02, 3.03, 5.03, 4.01, 5.01, 5.05, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Montana Technologies closes merger with XPDB; 10.4M shares redeemed for $112.7M; trading begins under AIRJ
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- Business combination consummated March 14; XPDB redemptions of 10,381,983 shares at ~$10.85/share.
- 53,823,412 total shares post-close (49.06M Class A, 4.76M Class B); 85.5% voting power held by legacy Montana holders.
- PIPE investor purchased 588,235 shares; lock-up agreements restrict ~32,382,023 shares.
- New board includes Matthew Jore (CEO), Stuart Porter, Max Baucus, Paul Dabbar, Patrick Eilers, Marwa Zaatari, Ajay Agrawal.
- Company no longer a shell; name changed to Montana Technologies Corporation; common stock and warrants trade on Nasdaq.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1855474/000121390024024441/0001213900-24-024441-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1855474/000121390024024441/ea0202160-8k_montana.htm
  HTML page:      https://secwatch.observer/filing/0001213900-24-024441

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer