secwatch.observer — SEC 8-K summary
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Issuer:     AirJoule Technologies Corp. (AIRJ)
CIK:        0001855474
Form:       8-K
Filed at:   2024-06-11T23:59:59+00:00
Accession:  0001213900-24-051800
Event type: other_material
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 3.02, 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Montana Technologies raises ~$12M via PIPE of 1.2M shares for AirJoule; adopts executive severance plan
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- Private placement of ~1.2M Class A common shares for ~$12M gross proceeds to fund AirJoule commercialization.
- CEO Matt Jore gets 12-month base salary on non-cause/good-reason termination; up to 18 months plus bonus on change-in-control.
- CAO Jeff Gutke receives 9-month base salary severance; 12 months plus 100% target bonus on change-in-control.
- Company partners with GE Vernova and Carrier to target AC, water harvesting, and data-center cooling markets.
- Securities unregistered; company to file resale registration statement with SEC.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1855474/000121390024051800/0001213900-24-051800-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1855474/000121390024051800/ea0207647-8k_montana.htm
  HTML page:      https://secwatch.observer/filing/0001213900-24-051800

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