Company Overview - AirJoule Technologies focuses on harnessing low-grade waste heat to produce distilled water and dehumidified air, addressing water scarcity and improving energy efficiency[12] - The company's AirJoule system separates water from air with greater energetics than competitors[13] - Target industries include data centers, manufacturing, and the military[15] Q1 2025 Highlights - GE Vernova is collaborating with AirJoule on waste heat to water integration[16] - A $15 million private placement was completed to accelerate commercialization[17, 20] - Arizona State University will purchase an AirJoule system for third-party testing[17] - The company deployed its first showcase unit to Dubai in collaboration with the UAE government and TenX Investments[19] Financial Performance - Net operating expenses were $32 million in Q1 2025, including a $05 million expense reduction from the AirJoule JV[28] - The company reported a net loss of $149 million in Q1 2025[24] - The company ended Q1 2025 with $230 million in cash[24, 28] - Pro forma ending cash balance, including the April 2025 PIPE investment, is $380 million[24]

Core Insights - American Battery Technology Company (ABTC) has been awarded "Recycling Technology Solution of the Year" by CleanTech Breakthrough, recognizing its advancements in battery recycling technology and contributions to a circular supply chain for critical battery materials [1][2]. Company Achievements - ABTC's innovative "de-manufacturing" recycling process utilizes selective hydrometallurgical processing, allowing for high recovery rates of critical materials such as lithium, nickel, cobalt, manganese, copper, and aluminum [3][5]. - The company has transitioned from a commissioning phase to 24/7 operations, achieving significant milestones including sourcing large-scale batteries from automotive OEMs and producing low-impurity intermediate black mass material [4][6]. Technological Innovations - The strategic de-manufacturing recycling process is feedstock-agnostic, capable of processing various lithium-ion battery sizes and chemistries, producing recycled materials like copper, aluminum, steel, lithium intermediate, and black mass [3][5]. - ABTC's first commercial recycling facility commenced operations in 2023, featuring an internally-developed system to process lithium-ion batteries and produce intermediate materials [6][12]. Market Positioning - ABTC's technologies are designed to reduce reliance on imported critical materials while supporting a sustainable and circular supply chain, positioning the company as a leader in sustainable battery materials manufacturing [8][10]. - The establishment of the first North American commercial circular supply chain partnership with BASF aims to close the loop for lithium-ion batteries in North America [12]. Future Plans - ABTC secured a $144 million grant from the U.S. DOE in 2024 to construct a second commercial-scale lithium-ion battery recycling facility, which will increase processing capacity by 100,000 tonnes per year [12].

Core Insights - American Battery Technology Company (ABTC) has been awarded "Recycling Technology Solution of the Year" by CleanTech Breakthrough, recognizing its advancements in battery recycling technology and contributions to a circular supply chain for critical battery materials [1][2] Group 1: Technology and Innovation - ABTC's innovative "de-manufacturing" recycling process utilizes selective hydrometallurgical processing, allowing for high recovery rates of critical materials such as lithium, nickel, cobalt, manganese, copper, and aluminum [3][4] - The two-phase recycling process produces recycled materials in the first phase and refines them into battery-grade products like nickel sulfate and lithium hydroxide in the second phase [3][4] Group 2: Strategic Milestones - ABTC has established a feedstock-agnostic system capable of processing various lithium-ion battery sizes and chemistries, demonstrating sustainable practices with reduced waste and lower environmental impact compared to conventional methods [4] - The company was recognized as the sole winner of the Battery Recycling Circularity Challenge in 2019, highlighting its innovative recycling technologies [5] - In 2021, ABTC received a grant to demonstrate its integrated lithium-ion battery recycling system, focusing on producing battery-grade metals from recycled materials at lower costs and environmental impacts [5] Group 3: Commercialization and Operations - ABTC commenced commercial operations of its recycling technologies in 2023, with its first facility processing lithium-ion batteries and producing intermediate materials like black mass [6][8] - The company has transitioned to 24/7 operations, achieving key milestones such as sourcing large-scale batteries from automotive OEMs and producing low-impurity intermediate black mass material [6][7] - ABTC plans to enhance production quality and scale operations, targeting greater efficiencies and sustainable practices [6][8] Group 4: Future Developments - In 2024, ABTC announced a $144 million grant from the U.S. DOE to construct a second commercial-scale lithium-ion battery recycling facility, which will increase processing capacity by 100,000 tonnes per year [12] - The new facility aims to scale operations fivefold and implement strategic de-manufacturing and chemical extraction processes for battery-grade products [12]

Investment Rating - The report indicates a strong investment interest in the plant biotech sector, with a notable increase in venture capital funding and a focus on early-stage deals, despite a broader downturn in agtech funding [4][8]. Core Insights - Plant biotech startups attracted $1.2 billion in VC funding in 2024, marking a 78.3% year-over-year increase, demonstrating sector resilience [4]. - Gene-editing technologies like CRISPR have democratized seed development, allowing startups to innovate rapidly without the high costs associated with traditional GMO standards [4][10]. - The rising costs of fertilizers and pesticides are driving the adoption of biological inputs, with AI technology expected to enhance target identification and reduce development costs [4][8]. - Successful exits for agricultural biotech startups have been rare, making the next few years critical for establishing success in the plant biotech space [4]. Overview - Advances in biotechnology over the past 20 years have transformed agriculture, with genetic engineering becoming standard and biological inputs emerging as sustainable alternatives to traditional agrochemicals [7]. - The VC ecosystem has significantly contributed to the growth of plant biotech startups, with cutting-edge technologies enabling rapid innovation in agricultural sustainability and productivity [8]. Opportunities - AI and machine learning applications are revolutionizing the identification of gene targets and beneficial microbial interactions, streamlining the development of new crop varieties and biological products [36]. - Gene editing is facilitating the development of new traits at unprecedented speed and precision, with several startups approaching commercialization of innovative crop varieties [37]. Technologies and Processes - The report categorizes various segments within plant biotech, including genetic improvement, plant data and diagnostics, bionutrients, and biocontrol solutions, highlighting key startups in each area [28][30][33]. - Startups are leveraging advanced genetic technologies and bioinformatics to enhance crop traits, assess plant health, and develop sustainable agricultural practices [29][30][31]. Recent Deal Activity and Market Outlook - Despite a decline in overall agtech VC deal activity, plant biotech saw a significant increase in deal value, attributed to large rounds for maturing biotech companies and sustained interest in early-stage deals [47]. - The report notes that while VC funding for plant biotech startups is substantial, successful exits remain uncommon, with a few notable IPOs in related sectors [48].

Market Overview - The global activated carbon market is projected to grow from $6.6 billion in 2024 to $10.2 billion by 2029, at a CAGR of 9.3% [1][2][8] - Activated carbon is essential for sustainability, driven by environmental regulations and increasing demand for water purification, air filtration, and mercury emission reduction [1][3] Market Drivers - The U.S. EPA's MATS regulations and rising adoption in automotive, pharmaceuticals, and industrial sectors are fueling market expansion [1][4] - Growing legislation related to environmental protection is a key driver for the demand for activated carbon [3] - The demand is also influenced by the U.S. EPA's Disinfectants and Disinfection Byproducts Rule, which limits chemicals in drinking water [3] Market Segmentation - The market is segmented by type (powdered activated carbon, granular activated carbon, and others), feedstock material (wood and coal, coconut shell, and others), application (water treatment, air purification, food processing, mercury removal, medical and pharmaceutical, mining), and region (North America, Europe, Asia-Pacific, and Rest of the World) [5][12] Key Trends - Key trends include the development of reactivated carbon technologies, integration of nanotechnology, and compliance with ESG standards [1][3] - Activated carbon is gaining popularity in the automotive sector for reducing hydrocarbon emissions [4] Competitive Landscape - Industry leaders include Kuraray, Evoqua, and Jacobi Carbons, with detailed company profiles provided in the report [1][11][17] - The report includes an analysis of market shares, strategic alliances, and M&A activity within the activated carbon industry [11] Emerging Technologies - Innovations in activated carbon include microwave-assisted activation, plasma activation, and the incorporation of nanotechnology [12][16] - The report discusses the potential of reactivated carbon and other emerging technologies to provide profitable opportunities [12]

Core Insights - Nio's shares experienced a significant increase, reaching their highest level of the year, with a peak rise of 11.4% [1] - The company is set to report its critical fourth-quarter and full-year financial data on March 21, with investors already aware of its record EV deliveries in December [2] - Investors are particularly interested in updates regarding Nio's new mass-market brands, Onvo and Firefly, with Firefly priced around $20,500 [3] Financial Performance - Nio has improved its vehicle margin from 9.2% in Q1 to 13.1% in Q3, driven by higher sales volumes [4] - Deliveries for 2024 are projected to increase by 39% compared to 2023, with a nearly 50% year-over-year rise in the first two months of 2025 [4] - Continued margin improvement alongside increased volume may indicate a path to profitability for Nio [4] Strategic Developments - Nio announced a strategic partnership with BASF Coatings to focus on the exterior coatings of its vehicles [5] - This partnership is expected to lead to future efficiency and cost improvements, potentially enhancing Nio's product offerings [6] - Investor optimism is reflected in the rise of Nio's shares, reaching 2025 highs ahead of the upcoming earnings report [6]

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) _____________________ ...