Montana Technologies to restate Q1 2024 financials due to JV accounting error

AirJoule Technologies Corp.

Company consolidated AirJoule JV in Q1; should have used equity method.
Q1 2024 financial statements no longer reliable; restatement to be filed as 10-Q/A.
Error discussed with auditor BDO USA, P.C.; SEC consultation initiated.
Prior earnings releases and investor communications derived from Q1 statements should not be relied upon.
Impact on internal controls over financial reporting being evaluated.

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