Eilers Amends Montana Technologies Stake Filing

TL;DR

Patrick Eilers updated his 13D filing for Montana Technologies. Watch for any strategy changes.

AI Summary

Patrick C. Eilers, through TEP Montana, LLC and Transition Equity Partners, LLC, has amended their Schedule 13D filing for Montana Technologies Corp. as of July 24, 2024. This amendment updates information regarding their beneficial ownership and potentially their intentions concerning the company's Class A Common Stock.

Why It Matters

Changes in Schedule 13D filings can signal shifts in significant shareholder influence or strategy, potentially impacting the stock price and future corporate actions of Montana Technologies Corp.

Risk Assessment

Risk Level: medium — Schedule 13D filings indicate significant ownership stakes, and amendments can signal changes in strategy or potential activism, which carries inherent risk.

Key Players & Entities

• Patrick C. Eilers (person) — Filing person and authorized contact
• Montana Technologies Corp. (company) — Subject company
• TEP Montana, LLC (company) — Group member filing
• Transition Equity Partners, LLC (company) — Group member filing
• Power & Digital Infrastructure Acquisition II Corp. (company) — Former company name

FAQ

Key Financial Figures

• $0.0001 — ssuer) Class A Common Stock, par value $0.0001 per share (Title of Class of Securiti

Filing Documents

• ea0210106-13da1eilers_monta.htm (SC 13D/A) — 52KB
• 0001013762-24-001763.txt ( ) — 53KB

Interest in Securities of the Issuer

Item 5. Interest in Securities of the Issuer.

of the Schedule

Item 5 of the Schedule 13D is hereby amended and restated in its entirety as follows: (a) – (b) The following sets forth, as of the date of this Schedule 13D, the aggregate number of shares of Class A Common Stock and percentage of Class A Common Stock beneficially owned by each of the Reporting Persons, as well as the number of shares of Class A Common Stock as to which each Reporting Person has the sole power to vote or to direct the vote, shared power to vote or to direct the vote, sole power to dispose or to direct the disposition of, or shared power to dispose or to direct the disposition of, as of the date hereof, based on 55,767,670 shares of Class A Common Stock outstanding as of June 25, 2024. Reporting Person Amount beneficially owned Percent of class Sole power to vote or to direct the vote Shared power to vote or to direct the vote Sole power to dispose or to direct the disposition Shared power to dispose or to direct the disposition Patrick C. Eilers 8,475,186 15.2 % 1,647,217 6,827,969 1,647,217 6,827,969 Transition Equity Partners, LLC 6,827,969 12.2 % 0 6,827,969 0 6,827,969 TEP Montana, LLC 0 0 % 0 0 0 0 The amounts reflected in the table above consist of (i) 6,827,969 shares of Class A Common Stock held of record by the Sponsor and (ii) 1,647,217 shares of Class A Common Stock held of record by Mr. Eilers. The Sponsor is controlled by its managing members, TEP and XMS XPDI Sponsor II Holdings LLC, a Delaware limited liability company. Mr. Eilers is the managing partner of TEP, which is one of the managing members of the Sponsor. As a result, Mr. Eilers may be deemed to share beneficial ownership over the securities held by the Sponsor, but he disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein. (c) On July 24, 2024, TEP Montana made a pro-rata distribution in-kind of all of the shares of Class A Common Stock held of record by it to its members

SIGNATURES

SIGNATURES After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Date : July 26, 2024 Patrick C. Eilers /s/ Patrick C. Eilers Transition Equity Partners, LLC By: /s/ Patrick C. Eilers Name: Patrick C. Eilers Title: Managing Partner TEP Montana, LLC By: Transition Equity Partners, LLC Its: Managing Member By: /s/ Patrick C. Eilers Name: Patrick C. Eilers Title: Managing Partner

View Full Filing

View this SC 13D/A filing on SEC EDGAR