# Montana Technologies to combine with SPAC Power & Digital Infrastructure Acquisition II Corp

Montana Technologies LLC, developer of AirJoule HVAC and water harvesting technology, announced a business combination with Power & Digital Infrastructure Acquisition II Corp, a SPAC. The deal implies a pro forma enterprise value of $500 million and will result in Montana Technologies becoming publicly listed on NASDAQ.

- Type: Acquisition
- Announced: 2023-06-05
- Where: United States
- Value: $500.0M
- Status: announced
- Products: AirJoule HVAC technology, water harvesting systems
- Sectors: [HVAC and Industrial Refrigeration](https://endata.com/sectors/hvac-refrigeration.md)

## Companies

- [Montana Technologies](https://endata.com/companies/70669.md) (target)
- [Power & Digital Infrastructure Acquisition II Corp](https://endata.com/companies/70670.md) (acquirer)

## Sources

- [prnewswire.com](https://www.prnewswire.com/news-releases/montana-technologies-to-combine-with-power--digital-infrastructure-acquisition-ii-corp-to-commercialize-its-transformational-airjoule-technology-to-revolutionize-and-accelerate-decarbonization-of-hvac-systems-and-water-supply-301842311.html), 2023-06-05: "Montana Technologies LLC and Power & Digital Infrastructure Acquisition II Corp today announced that they have entered into a business combination to commercialize Montana Technologies' unique solution."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.