Montana Technologies completes business combination, reports $37M cash, forms JV with GE Vernova, Carrier deal

AirJoule Technologies Corp.

Business combination with Legacy Montana closed March 14, 2024; $50M minimum cash condition exceeded; stock and warrants trade under AIRJ and AIRJW.
Joint venture with GE Vernova to develop and commercialize AirJoule technology; led by Bryan Barton; GE Vernova also made equity investment.
Carrier granted exclusive right to commercialize AirJoule in Americas for three years, non-exclusive in Europe/India/Middle East; Carrier committed $10M growth equity.
Ended Q1 2024 with $37 million cash on balance sheet.
Appointed Pat Eilers Executive Chairman; Stephen Pang CFO; Chad MacDonald CLO; added Ajay Agrawal and Kyle Derham to board.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.