Power & Digital Infrastructure Acquisition II Corp.
Status: Deal Closed
U=S+W/2
W=S@11.5
| IPO Proceeds, $M | $287.50M |
|---|---|
| IPO Date | Dec 10, 2021 |
| CEO | Patrick C. Eilers |
| Left Lead | Barclays |
| IPO Cash in Trust | 101.0% |
| SPAC Tenor | 18 + 9 + 4 |
| IPO Sector |
Energy
Businesses in North America within the renewable and transition energy sector, with a focus on pursuing growth opportunities that are driving the electrical power grid transition, both on the electrical supply and on the demand side for high-intensity electrical users, as well as seeking co-optimization opportunities between supply and demand, of the electrical grid in the United States. |
| IPO Geography | US/Canada |
| Target Company | Montana Technologies |
| Deal Announced | Jun 5, 2023 |
| Deal Size, $M | $500.00M |
| Deal Sector | Energy |
| Deal Geography | US/Canada |
| SEC Filings | www.sec.gov |
| Approval Vote | Mar 8, 2024 |
| Amendment Vote | Mar 12, 2024 |
| Closing Date | Mar 14, 2024 |
Formerly XPDB
AIRJ
AIRJW
| Price | $7.58 |
|---|---|
| Last closing price | $7.53 |
| H/L, today | $7.29 / $7.59 |
| Volume, today | 11,712 |
| Volume, 3-month avg. | N/A |
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- Structure and cap table
- 8 directors & officers
- 36 filings and events
- 2 underwriters
- 1 deal advisors
- 2 legal advisors
Structure
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Team
| Name | Age | Title |
|---|---|---|
| Theodore J. Brombach | 57 | Chairman |
| Patrick C. Eilers | 54 | CEO and Director |
| James P. Nygaard, Jr. | 46 | CFO |
| Paul Dabbar | 53 | Director |
| Paul Gaynor | 55 | Director |
| Scott Widham | 63 | Director |
| John B. Sexton | 25 | Director |
| John P. McGarrity | 60 | Director |
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Advisors
Underwriters
| Barclays | Joint BR | 15,000,000 | units |
| BofA Securities | Joint BR | 10,000,000 | |
| 25,000,000 | units | ||
| Up-Front UW fee | 2.00 | % | |
| Deferred UW fee |
3.50 | % |
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Deal
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