4//SEC Filing
Transition Equity Partners, LLC 4
Accession 0001213900-24-023670
CIK 0001855474other
Filed
Mar 17, 8:00 PM ET
Accepted
Mar 18, 9:56 PM ET
Size
21.7 KB
Accession
0001213900-24-023670
Insider Transaction Report
Form 4
XPDI Sponsor II LLC
10% Owner
Transactions
- Other
Class B common stock
2024-03-14−269,531→ 6,827,969 total→ Class A common stock (269,531 underlying) - Exercise/Conversion
Class A common stock
2024-03-14+6,827,969→ 6,827,969 total - Exercise/Conversion
Class B common stock
2024-03-14−6,827,969→ 0 total→ Class A common stock (0 underlying)
Transactions
- Other
Class B common stock
2024-03-14−269,531→ 6,827,969 total→ Class A common stock (269,531 underlying) - Exercise/Conversion
Class B common stock
2024-03-14−6,827,969→ 0 total→ Class A common stock (0 underlying) - Exercise/Conversion
Class A common stock
2024-03-14+6,827,969→ 6,827,969 total
Transactions
- Exercise/Conversion
Class A common stock
2024-03-14+6,827,969→ 6,827,969 total - Other
Class B common stock
2024-03-14−269,531→ 6,827,969 total→ Class A common stock (269,531 underlying) - Exercise/Conversion
Class B common stock
2024-03-14−6,827,969→ 0 total→ Class A common stock (0 underlying)
Footnotes (5)
- [F1]In connection with the consummation of the transactions contemplated by the Agreement and Plan of Merger, dated June 5, 2024, by and among Power & Digital Infrastructure Acquisition II Corp. ("XPDB"), XPDB Merger Sub, LLC, and Montana Technologies LLC ("Legacy Montana") (the transactions contemplated thereby, the "Business Combination"), XPDB changed its name to Montana Technologies Corporation ("Montana").
- [F2]Reflects the conversion of 6,827,969 shares of Class B common stock, par value $0.0001 per share, of XPDB into 6,827,969 shares of common stock of Montana, par value $0.0001 per share, on a one-for-one basis pursuant to the closing of the Business Combination.
- [F3]This Form 4 is being filed by XPDI Sponsor II LLC (the "Sponsor"). The Sponsor is controlled by its managing members, Transition Equity Partners, LLC ("TEP") and XMS XPDI Sponsor II Holdings, LLC ("XPDI Holdings"). Patrick C. Eilers and Theodore J. Brombach are the managing members of TEP and XPDI Holdings, respectively. Accordingly, all of the shares held by the Sponsor may be deemed to be beneficially held by Messrs. Brombach and Eilers. Each such person disclaims beneficial ownership of these securities, except to the extent, if any, of his pecuniary interest therein and the filing of this Form 4 shall not be construed as an admission that any such reporting person is the beneficial owner of any Class B ordinary shares covered by this Form 4.
- [F4]As described in XPDB's registration statement on Form S-1 (File No. 333-261187) under the heading "Description of Securities--Founder Shares", the shares of Class B common stock, par value $0.0001 per share, automatically convert into shares of Montana Class A common stock, par value $0.0001 per share, at the time of the Business Combination, on a one-for-one basis, subject to adjustment for stock splits, stock dividends, reorganizations, recapitalizations and the like, and certain anti-dilution rights and have no expiration date.
- [F5]On March 14, 2024, the Reporting Person forfeited for no consideration 269,531 shares of Class B common stock in connection with the Business Combination and certain transactions with the Anchor Investors, as described on Form S-4 (File No. 333-273821) under the heading "The Business Combination."
Issuer
Montana Technologies Corp.
CIK 0001855474
Entity typeother
IncorporatedDE
Related Parties
1- filerCIK 0001845169
Filing Metadata
- Form type
- 4
- Filed
- Mar 17, 8:00 PM ET
- Accepted
- Mar 18, 9:56 PM ET
- Size
- 21.7 KB