Montana Technologies Corp. Files 10-Q/A Amendment

TL;DR

Montana Technologies filed an amendment to their Q1 2024 10-Q. Check for updates.

AI Summary

Montana Technologies Corporation filed an amendment (No. 1) to its Form 10-Q for the quarterly period ended March 31, 2024. The company, formerly known as Power & Digital Infrastructure Acquisition II Corp., is incorporated in Delaware and headquartered in Ronan, Montana. This filing is an update to their previous quarterly report.

Why It Matters

This filing provides updated financial and operational information for Montana Technologies Corp. for the first quarter of 2024, which is crucial for investors to assess the company's performance and outlook.

Risk Assessment

Risk Level: low — This is a routine amendment to a quarterly report, not indicating any immediate or significant new risks.

Key Numbers

• 001-41151 — SEC File Number (Identifies the company's filings with the SEC.)
• 20240331 — Quarterly Period End (Specifies the period covered by the report.)

Key Players & Entities

• Montana Technologies Corporation (company) — Registrant
• Power & Digital Infrastructure Acquisition II Corp. (company) — Former company name
• March 31, 2024 (date) — Quarterly period end date
• 20240823 (date) — Filing date
• 001-41151 (other) — SEC File Number

FAQ

Key Financial Figures

• $0.0001 — stered Class A Common Stock, par value $0.0001 per share AIRJ The Nasdaq Stock Market

Filing Documents

• ea0211613-10qa1_montana.htm (10-Q/A) — 1147KB
• ea021161301ex10-6_montana.htm (EX-10.6) — 171KB
• ea021161301ex31-1_montana.htm (EX-31.1) — 16KB
• ea021161301ex31-2_montana.htm (EX-31.2) — 16KB
• ea021161301ex32-1_montana.htm (EX-32.1) — 7KB
• ea021161301ex32-2_montana.htm (EX-32.2) — 7KB
• 0001213900-24-071999.txt ( ) — 7442KB
• airj-20240331.xsd (EX-101.SCH) — 68KB
• airj-20240331_cal.xml (EX-101.CAL) — 38KB
• airj-20240331_def.xml (EX-101.DEF) — 324KB
• airj-20240331_lab.xml (EX-101.LAB) — 538KB
• airj-20240331_pre.xml (EX-101.PRE) — 328KB
• ea0211613-10qa1_montana_htm.xml (XML) — 1076KB

Signatures

Signatures 39 i Part 1 - Financial Information Item 1. Condensed Consolidated Financial Statements (Unaudited) MONTANA TECHNOLOGIES CORPORATION CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) March 31, December 31, 2024 2023 Assets (As Restated) Current assets Cash $ 27,417,369 $ 375,796 Prepaid expenses and other assets 486,338 126,971 Total current assets 27,903,707 502,767 Operating lease right-of-use asset 170,117 49,536 Property and equipment, net 2,747 3,832 Investment in AirJoule, LLC 343,473,618 - Total assets $ 371,550,189 $ 556,135 Liabilities and Stockholders' equity (deficit) Current liabilities Accounts payable $ 431,000 $ 2,518,763 Accrued transaction fees 3,077,107 3,644,100 Other accrued expenses 6,715,959 244,440 Due to related parties 1,440,000 - Operating lease liability, current 22,981 22,237 Total current liabilities 11,687,047 6,429,540 Earnout Shares liability 61,393,000 - True Up Shares liability 286,000 - liability 14,217,000 - Operating lease liability, non-current 147,858 27,299 Deferred tax liability 85,725,163 - Total liabilities $ 173,456,068 $ 6,456,839 Commitments and contingencies (Note 12) Stockholders' equity (deficit) Preferred stock, $ 0.0001 par value; 25,000,000 authorized shares and 0 shares issued and outstanding as of March 31, 2024 and December 31, 2023 $ - $ - Class A Common stock, $ 0.0001 par value; 600,000,000 authorized shares and 49,063,770 and 32,731,583 shares issued and outstanding as of March 31, 2024 and December 31, 2023, respectively 4,907 3,274 Class B Common stock, $ 0.0001 par value; 50,000,000 authorized shares and 4,759,642 shares issued and outstanding as of March 31, 2024 and December 31, 2023 476 476 Subscription receivable ( 6,000,000 ) - Additional paid-in capital 39,701,547 11,263,647 Retain

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View this 10-Q/A filing on SEC EDGAR