Ticker LaunchSPAC · Merger completed
Power & Digital Infrastructure Acquisition II Corp.
Business combination with Montana Technologies LLC
Power & Digital Infrastructure Acquisition II Corp. is a blank-check company (SPAC) that raised $250M in its initial public offering on Dec 13, 2021, listing on Nasdaq. It completed its business combination with Montana Technologies LLC on Mar 14, 2024; the combined company is Montana Technologies Corporation (now AirJoule Technologies Corp.) (AIRJ). Barclays led the IPO, with BofA Securities. Kirkland & Ellis advised the SPAC and Vinson & Elkins advised the underwriters on the IPO.
Montana Technologies LLC is an atmospheric energy and water harvesting technology company. Its AirJoule technology provides efficient air conditioning and pure water drawn from air. It is the target of a business combination with Power & Digital Infrastructure Acquisition II Corp.
- Status
- Merger completed
- IPO date
- Dec 13, 2021
- IPO size
- $250M
- IPO exchange
- Nasdaq
- Target
- Montana Technologies LLC (Montana Holdings LLC)
- Announced
- Jun 5, 2023
- Closed
- Mar 14, 2024
- Combined company
- Montana Technologies Corporation (now AirJoule Technologies Corp.) (AIRJ)
- IPO underwriters
- Barclays and BofA Securities
- SPAC counsel (IPO)
- Kirkland & Ellis
- Underwriters' counsel (IPO)
- Vinson & Elkins
More on this SPAC for subscribers
- Trust balance and value per share
- Redemptions at each extension and at the merger vote
- Liquidation deadline and extension history
- Merger proxy, registration statement and investor presentation
- Analyst notes from the filings
Every record in the database also has its full filing timeline, a daily-updated calendar, watchlist alerts and Excel export.
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Filings
- IPO prospectus (424B4) Dec 13, 2021
- Deal announcement (8-K) Jun 5, 2023
- Press release
- All filings on EDGAR CIK 1855474
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