Financing and Investment - Montana Technologies completed a $12 million private placement financing, issuing approximately 1.2 million shares to support the commercialization of the AirJoule system[12]. - The investment in AirJoule, LLC is valued at approximately $342.9 million[19]. - The company incurred transaction costs of $54,693,103 related to business combinations, highlighting strategic growth initiatives[21]. Financial Performance - Net income for June 2024 reached $194,985,187, a significant increase from a net loss of $3,872,471 in June 2023[23]. - Total operating expenses for June 2024 were $60,729,375, compared to $3,876,022 in June 2023, indicating a substantial increase in operational costs[21]. - The company reported a gain of $333,500,000 from its contribution to AirJoule, LLC, which positively impacted overall income[21]. - Basic net income per share for Class A common stock was $0.25 in June 2024, compared to a loss of $0.08 in June 2023[21]. - Cash flows from operating activities showed a net cash used of $17,576,561 in 2024, compared to $1,856,812 in 2023, reflecting increased operational expenditures[23]. - The company experienced a net increase in cash of $34,272,815, ending the period with $34,648,611 in cash compared to $3,523,090 in the previous year[23]. - Equity loss from investment in AirJoule, LLC was $607,170, reflecting the company's ongoing involvement in this venture[23]. - The weighted average Class A common stock outstanding increased to 49,560,529 in June 2024 from 32,667,171 in June 2023, indicating potential dilution effects[21]. Operations and Development - The company ended the quarter with $35 million in cash, providing sufficient liquidity to support operations through expected commercialization in 2026[2]. - A new 30,000 square foot manufacturing facility is being built in Newark, Delaware, with an expected operational date in mid-2025[11]. - The company expanded its business development and operations teams by hiring several key personnel to enhance commercialization efforts[9]. - Research and development expenses totaled $1,896,961 for the year ending June 2024, up from $1,704,087 in the previous year, indicating ongoing investment in innovation[21]. Strategic Partnerships and Technology - The company signed a Memorandum of Understanding with TenX to deploy AirJoule units for water security projects in the UAE[7]. - Collaboration with Climate Impact Corporation aims to develop solar-powered hydrogen production using AirJoule technology in Australia[8]. - AirJoule technology is expected to significantly reduce power consumption in HVAC systems compared to conventional moisture removal methods[5]. - AirJoule's atmospheric water harvesting capabilities are positioned to outperform competing technologies, targeting industries such as agriculture and manufacturing[6].

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ______________ to ______________ Commission File Number 001-41151 MONTANA TECHNOLOGIES CORPORATION (Exact name of registrant as specified in its charter) | --- | --- | ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ______________ to ______________ Commission File Number 001-41151 MONTANA TECHNOLOGIES CORPORATION (Exact name of registrant as specified in its charter) | --- | --- | ...

Exhibit 99.1 Montana Technologies Announces First Quarter 2024 Results Ronan, MT, May 20, 2024 - Montana Technologies Corporation (NASDAQ: AIRJ) ("Montana Technologies"), the developer of AirJoule, a transformational atmospheric thermal energy and water harvesting technology, today announced its first quarter results. Key Highlights ● Closed business combination (the "Business Combination") with Montana Technologies LLC ("Legacy Montana") and renamed the combined company "Montana Technologies Corporation" o ...

SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 For the period from to POWER & DIGITAL INFRASTRUCTURE ACQUISITION II CORP. (Exact name of registrant as specified in its charter) | --- | --- | --- | |-----------------------------------------|----------------------------- ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File No. 001-41151 POWER & DIGITAL INFRASTRUCTURE ACQUISITION II CORP. (Exact name of registrant as specified in its charter) Delaware 86-29 ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Title of Each Class Trading Symbol Name of Each Exchange On Which Registered Units, each consisting of one share of Class A common stock, $0.0001 par value per share, and one-half of one redeemable warrant XPDBU The Nasdaq Stock Market LLC Class A common stock included as part of the units XPDB The Nasdaq Stock Market LLC Warrants included as part of the units, each whole warrant exercisable for one share of Class A common stock at an e ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File No. 001-41151 POWER & DIGITAL INFRASTRUCTURE ACQUISITION II CORP. (Exact name of registrant as specified in its charter) | --- | --- | |--- ...

SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2022 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 For the period from to POWER & DIGITAL INFRASTRUCTURE ACQUISITION II CORP. (Exact name of registrant as specified in its charter) | --- | --- | --- | |-----------------------------------------|----------------------------- ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2022 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File No. 001-41151 POWER & DIGITAL INFRASTRUCTURE ACQUISITION II CORP. (312) 262-5642 (Registrant's telephone number, including area code) Not Ap ...