Montana Technologies to Combine with XPDB SPAC

Montana Technologies LLC announced a planned business combination with Power & Digital Infrastructure Acquisition II Corp. (XPDB), a SPAC. The deal is scheduled for March 12, 2024, and is supported by over $50 million in private capital commitments led by Carrier and Rice Investment Group.

“Montana Technologies LLC (“Montana”) today announced the execution of commitments by third parties to invest in excess of $50 million led by Carrier and Rice Investment Group. The private capital commitments are expected to satisfy the minimum cash condition and clear the way for Montana’s planned business combination with Power & Digital Infrastructure Acquisition II Corp. (“XPDB”) (NASDAQ: XPDB, XPDBU, XPDBW), which is currently scheduled for March 12th, 2024.”

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