Power & Digital Infrastructure Acquisition II Corp. Announces Closing Of Business Combination With Montana Technologies LLC; Will Commence Trading On Nasdaq Under The Symbols "AIRJ"
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Power & Digital Infrastructure Acquisition II Corp. (XPDB) announced the closing of its business combination with Montana Technologies LLC, inventor of AirJoule®, a renewable energy and cooling technology. The combination, supported by over $50 million in capital commitments from Carrier Corporation, Rice Investment Group, and GE Vernova, will enable the commercialization of AirJoule®. Montana Technologies Corporation will trade on NASDAQ under the symbols 'AIRJ' and 'AIRJW'. The funding and partnerships with companies like BASF, GE Vernova, CATL, and Carrier aim to scale and deploy AirJoule® units globally.
March 14, 2024 | 7:47 pm
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XPDB announced its merger with Montana Technologies LLC, supported by significant capital commitments for the commercialization of AirJoule® technology. The company will trade under new symbols 'AIRJ' and 'AIRJW'.
The successful closing of the merger and the significant capital commitments from notable investors for the commercialization of AirJoule® technology are likely to be viewed positively by the market. The transition to trading under new symbols marks a significant milestone for the company.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100