Montana Technologies Raises $50M+ via PIPE and Subscription Agreements

In connection with the Business Combination, XPDB entered into a subscription agreement with a PIPE investor for 588,235 shares, and Legacy Montana entered into subscription agreements with investors for over $50 million in aggregate transaction proceeds.

“Prior to the Closing, Legacy Montana entered into common unit subscription agreements (the “Subscription Agreements”) with certain investors party thereto (the “Investors”), resulting in Aggregate Transaction Proceeds in the Business Combination of over $50,000,000.”

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