Core Points - The company has changed its name from Montana Technologies Corporation to AirJoule Technologies Corporation to better reflect its focus on AirJoule® technology for atmospheric water harvesting [1][2] - The new name aligns with the company's joint venture with GE Vernova, aimed at advancing and commercializing products utilizing AirJoule® technology [2][4] - The CEO emphasized that the name change enhances the company's visibility and strengthens connections with customers, partners, and investors who share the vision for addressing global water needs [3] Company Overview - AirJoule Technologies Corporation (NASDAQ: AIRJ) is the developer of AirJoule®, a technology that efficiently harvests water from the atmosphere while providing sustainable air dehumidification [4] - The technology is designed to reduce energy consumption and generate cost efficiencies, and is being commercialized through partnerships with GE Vernova, Carrier Global Corporation, and BASF [4]

Core Viewpoint - Montana Technologies Corporation is set to report its third quarter 2024 financial results on November 13, 2024, and will host a conference call to discuss these results [1]. Group 1: Financial Reporting - The company will announce its third quarter 2024 financial results after market close on November 13, 2024 [1]. - A conference call and Q&A session will take place at 5:00 PM ET on the same day to discuss the financial results [1]. Group 2: Company Overview - Montana Technologies Corporation (NASDAQ: AIRJ) specializes in the development of AirJoule®, a technology for atmospheric water harvesting that efficiently extracts water from the air [3]. - The AirJoule® technology aims to reduce energy consumption and create cost efficiencies, and is being commercialized through a joint venture with GE Vernova and partnerships with Carrier Global Corporation and BASF [3].

Core Insights - Calumet, Inc. reported a net loss of $100.6 million for Q3 2024, with a basic loss per common share of $1.18, compared to a net income of $99.8 million in Q3 2023 [1][2] - The company achieved an Adjusted EBITDA of $49.8 million in Q3 2024, down from $75.4 million in the same quarter last year [1][2] - Montana Renewables set a new record for Sustainable Aviation Fuel (SAF) production, and the specialties business reached its highest production levels in over five years [1][2] - Calumet announced a conditional commitment for a $1.44 billion loan from the Department of Energy (DOE) to support renewable fuels and biomass energy facility expansion [1][2][3] - The company successfully transitioned from a Master Limited Partnership (MLP) to a C-Corporation structure [1][2] Financial Performance - Q3 2024 sales totaled $1,100.4 million, a decrease from $1,149.4 million in Q3 2023 [2][13] - Gross profit for Q3 2024 was $4.9 million, significantly lower than $261.5 million in Q3 2023 [2][13] - The Adjusted gross profit for Q3 2024 was $46.5 million, down from $56.7 million in the same quarter last year [2][13] - Total corporate costs for Q3 2024 were $(19.1) million, compared to $(14.6) million in Q3 2023 [2] Operational Highlights - The Specialty Products and Solutions segment reported an Adjusted EBITDA of $42.6 million in Q3 2024, up from $38.6 million in Q3 2023 [2] - The Performance Brands segment achieved an Adjusted EBITDA of $13.6 million in Q3 2024, slightly higher than $13.2 million in Q3 2023, driven by a 19% increase in year-over-year volumes [2] - The Montana/Renewables segment reported Adjusted EBITDA of $12.7 million in Q3 2024, down from $38.2 million in the prior year, reflecting improved operating results and higher volumes despite lower results from the specialty asphalt plant [2] Production Metrics - Total sales volume for Q3 2024 was 92,275 barrels per day (bpd), compared to 82,787 bpd in Q3 2023 [4] - The total feedstock runs for Q3 2024 were 81,480 bpd, slightly down from 82,409 bpd in Q3 2023 [4] - The Montana/Renewables segment produced 22,341 bpd in Q3 2024, an increase from 19,197 bpd in Q3 2023 [4] Strategic Initiatives - The company is focused on executing strategic initiatives to enhance shareholder value, including the expansion of renewable fuel production capabilities [1][2] - The DOE loan commitment is expected to position Montana Renewables as one of the largest SAF producers globally, with a production capacity of approximately 300 million gallons of SAF [1][3]

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 Copies to: Ryan J. Maierson John M. Greer Latham & Watkins LLP 811 Main Street, Suite 3700 Houston, TX 77002 (713) 546-5400 As filed with the Securities and Exchange Commission on June 27, 2024 Registration No. 333-278633 AMENDMENT NO. 2 TO FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 ________________________ Montana Technologies Corporation (Exact name of registrant as specified in its charter) _____________________ ...

As filed with the Securities and Exchange Commission on June 27, 2024 Registration No. 333-278633 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 AMENDMENT NO. 2 TO FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 ________________________ Montana Technologies Corporation (Exact name of registrant as specified in its charter) ________________________ Approximate date of commencement of proposed sale to the public: As soon as practicable after the effective date of this ...

As filed with the Securities and Exchange Commission on June 5, 2024 Registration No. 333-278633 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 AMENDMENT NO. 1 TO FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 ________________________ Montana Technologies Corporation (Exact name of registrant as specified in its charter) ________________________ | Delaware | 3585 | 86-2962208 | | --- | --- | --- | | (State or other jurisdiction of | (Primary Standard Industrial | ( ...

As filed with the Securities and Exchange Commission on June 5, 2024 Registration No. 333-278633 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 AMENDMENT NO. 1 TO FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 ________________________ Montana Technologies Corporation (Exact name of registrant as specified in its charter) ________________________ | Delaware | 3585 | 86-2962208 | | --- | --- | --- | | (State or other jurisdiction of | (Primary Standard Industrial | ( ...

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) | --- | --- | ...