Highest-materiality recent filing
AirJoule Q2 update: Kubota exclusive deal, $41.4M cash, 2026 spend guidance raised
Cash of $41.4M at Q2 end, no debt; includes $14.2M net proceeds from June registered direct offering.
AirJoule Technologies raises $15M in registered direct offering at $4.10/share
3,658,536 shares issued at $4.10 each; gross proceeds ~$15M, net ~$14.2M.
AirJoule completes first full-scale AirJoule Prime build; Q1 cash $31.1M, no debt
First full-scale AirJoule Prime system (~2,000 L/day) built and operational in Newark, Delaware; second unit underway.
AirJoule Technologies reports 2025 operational milestones; cash position $44M pro forma
Ended 2025 with $21.8M cash; pro forma $44M after Jan 2026 offering; runway through 2027.
AirJoule grants performance-based RSUs to CEO, CFO, and Director
Grant to CEO Matthew B. Jore (116,822 target units), CFO Stephen S. Pang (59,579), Director Patrick C. Eilers (73,014).
AirJoule Technologies prices public offering of 6.15M shares at $3.25; expects $19.3M net proceeds
Priced underwritten public offering of 6,153,847 shares of Class A common stock at $3.25 per share.
AirJoule proposes public offering; cash $21.8M; adds $5M to GE Vernova JV; Red Dot Ranch partnership
Proposed public offering of Class A common stock; size, price, and timing not yet determined. Lucid Capital Markets sole book-runner.
AirJoule reports Q3 cash $26M, advances toward 2026 commercialization
Ended Q3 with $26.0M cash; made $2.75M capital contribution to GE Vernova JV.
AirJoule Q2 2025: A250 dehumidifier, data-center MOU, $30.5M cash
A250 system for industrial dehumidification offers up to 80% energy savings and 60% lower TCO.
AirJoule appoints Sterling and Murphy to board; two directors resign
Paul Dabbar resigned after Senate confirmation as Deputy Secretary of Commerce; Kyle Derham resigned for other opportunities.
AirJoule shareholders elect Jore and Porter as Class I directors at 2025 annual meeting
Matthew B. Jore received 38,870,576 votes for and 216,102 withheld.
Audit Committee approved Deloitte as new auditor for FY 2025, effective May 20, 2025.
AirJoule tech: $15M PIPE from GE Vernova, ASU purchase, Dubai deployment
Completed $15M private placement led by GE Vernova; net proceeds to accelerate A1000 commercialization.
AirJoule JV receives $10M additional capital from AIRJ and GE Vernova
Second Amended LLC Agreement of AirJoule, LLC reflects $10M in additional capital contributions.
AirJoule raises $15M via PIPE anchored by GE Vernova; launches waste heat-to-water project
Issued ~3.75M new shares at ~$4.00/sh for $15M gross proceeds; expected close April 25, 2025.
AirJoule enters $30M equity line with B. Riley; can sell shares at 3-5% discount over 36 months
Company may sell up to $30M of newly issued Class A common stock to B. Riley Principal Capital II, LLC on a discretionary basis.
AirJoule system achieves <160 Wh/L water from air; $30M equity facility with B. Riley
AirJoule system produces pure distilled water at <160 Wh/L using low-grade waste heat, up to 4x more efficient than refrigerant systems.
AirJoule posts investor presentation for upcoming conferences; no new material disclosed
Company furnished an investor presentation on its website for use at upcoming conferences.
AirJoule grants performance-based RSUs to CEO Jore and CFO Gutke; 3-year targets set
Approved 55,748 Shareholder Return RSUs and 22,601 Revenue RSUs for CEO Matthew B. Jore at target.
AirJoule Technologies (fka Montana Technologies) name change effective; Class B common eliminated
Name changed to AirJoule Technologies Corporation effective November 13, 2024; no action required by stockholders.
AirJoule Q3 update: $30.7M cash, partnerships, Newark facility progress
Cash and equivalents of $30.7M; sufficient liquidity through expected 2026 commercial sales.
Montana Technologies Q2 2024: No revenue reported; progress on AirJoule commercialization
Signed MOUs with TenX (UAE) and CIC (Australia) for AirJoule water production deployments.
Montana Technologies to restate Q1 2024 financials due to JV accounting error
Company consolidated AirJoule JV in Q1; should have used equity method.
Private placement of ~1.2M Class A common shares for ~$12M gross proceeds to fund AirJoule commercialization.
Business combination with Legacy Montana closed March 14, 2024; $50M minimum cash condition exceeded; stock and warrants trade under AIRJ and AIRJW.
Montana Technologies appoints Stephen Pang as CFO, expands management team with CLO and VP IR
Stephen Pang appointed CFO; Jeff Gutke transitions to Chief Administrative Officer.
Montana Technologies expands board to 8, appoints Kyle Derham; Pat Eilers named Chairman
Board expanded from 7 to 8 members; Kyle Derham appointed as Class II director effective April 25, 2024.
Business combination consummated March 14; XPDB redemptions of 10,381,983 shares at ~$10.85/share.
XPDB closes business combination with Montana Technologies; shares to trade as AIRJ
Shareholders approved all proposals at March 8 meeting; 13.1M shares voted for the business combination.
10,381,983 shares redeemed at $10.86 each for total of $112.7M from trust; only 226,195 shares converted.
As of March 4, 2024, aggregate transaction proceeds expected at closing exceed $50M from additional subscription agreements.
SPAC Power & Digital Infrastructure II extends deadline to March 14, 2024
Board approved extension of Deadline Date from February 14, 2024 to March 14, 2024.
XPDB lowers minimum business combination proceeds condition from $85M to $50M
First Amendment to Business Combination Agreement reduces required Aggregate Transaction Proceeds from $85M to $50M.
Montana Tech & GE Vernova form 50/50 JV; Insiders subscribe $5M for 588K XPDB shares
JV with GE Vernova (AirJoule JV) to combine sorbent materials and AirJoule water capture tech; each holds 50% interest.
XPDB extends business combination deadline to Feb 14; Carrier invests in Montana Tech
Carrier granted board nomination rights in Letter Agreement with Montana Technologies and the SPAC.
Power & Digital Infrastructure Acquisition II extends deadline to Jan 14, 2024
Board approved extension of business combination deadline from Dec 14, 2023 to Jan 14, 2024.
XPDB signs Investment Agreement with CATL capping ownership at 9.8% in Montana deal
CATL parties agree to ≤9.8% economic/voting ownership in post-combination company; excess must be divested within 5 business days.
XPDB extends deadline to Dec 14, 2023; ~18.1M shares redeemed for $188M
Stockholders approved extension of business combination deadline from June 14 to December 14, 2023, with possible monthly extensions to March 14, 2024.
Power & Digital Infrastructure SPAC sees ~63% redemption ahead of Extension vote
18,141,822 shares redeemed as of June 7, 2023, in connection with Extension proposal.
XPDB agrees to acquire Montana Technologies for ~$421.9M; earnout up to $200M
Aggregate consideration of ~$421.9M to Montana equityholders, payable in Class A common stock at $10/share.
Overstatement of legal expenses by $87,187 in Q2 and Q3 2022; accounts payable also overstated by same amount.
28.75M units sold in IPO on Dec 14, 2021; each unit = 1 Class A share + 1/2 warrant.
Power & Digital Infrastructure II consummates $287.5M IPO; $290.4M placed in trust
IPO of 28.75M units at $10.00/unit, including full exercise of 3.75M over-allotment units.
SPAC PDI Acquisition II raises $287.5M in IPO; private placement adds $11.1M
IPO of 28,750,000 units at $10.00/unit completed Dec 14, 2021; gross proceeds $287.5M.
Montana Technologies Corporation (the “ Company ”) announced the expansion of its management team, including the appointment of Stephen Pang as the Company’s Chief Financial Officer.
In connection with Mr. Pang’s appointment, Jeff Gutke, who previously served as the Company’s Chief Financial Officer, transitioned to become the Company’s Chief Administrative Officer.
appointed Kyle Derham as a Class II director of the Board, effective immediately.
Patrick C. Eilers, a current member of the Board, was appointed to serve as Chairman of the Board.
Max materiality 0.90 · Median 0.60 · Most common event other_material