Montana Technologies to Combine with SPAC XPDB

Montana Technologies LLC has entered into a potential business combination with Power & Digital Infrastructure Acquisition II Corp. (XPDB), a publicly traded special purpose acquisition company (SPAC). The transaction values Montana Technologies at a $500 million pro forma enterprise value and is expected to raise $100 million in gross proceeds to fund commercialization of its AirJoule HVAC and water technology.

“a potential business combination among Montana Technologies LLC ("Montana Technologies“ or “MT”), Power & Digital Infrastructure Acquisition II Corp . ("XPDB") and the other parties thereto and related transactions (the "Potential Business Combination")”

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