Power & Digital Infrastructure II Cuts Minimum Cash Requirement on Montana Technologies Deal by 41%

The parties last week added a $5 million PIPE to the financing package.

Announced last June, the deal is expected to provide approximately $421.9 million, which assumes no redemptions. The deal also includes up to $200 million in earn-out shares based on certain performance metrics post-merger.

Montana Technologies' signature offering is AirJoule, a renewable and cooling technology. Read more.


Source: Power & Digital Infrastructure II Cuts Minimum Cash Requirement on Montana Technologies Deal by 41%