Montana Technologies Corporation announced it has entered into a subscription agreement an aggregate of 588,235 newly issued shares of XPDB?s Class A common stock, par value $0.0001 for a purchase price of $8.50 per share for a gross proceeds $4,999,997.5 on March 8, 2024. The Class A Common Stock to be issued and sold to the PIPE Investor pursuant to the Subscription Agreement will not be registered under the Securities Act of 1933, as amended, and will be issued in reliance on the exemption from registration requirements thereof provided by Section 4(a)(2) of the Securities Act and/or Regulation D promulgated thereunder as a transaction by an issuer not involving a public offering.