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Montana Technologies (AIRJ) has shared an announcement.
Montana Technologies Corporation has struck a deal with investors for a Private Investment in Public Equity (PIPE) offering, selling 1.2 million shares of Class A common stock to raise $12 million. Additionally, the company has rolled out an Executive Severance Plan, providing severance payments and benefits to qualifying executives in cases of termination without cause or for good reason. The plan includes continued salary and COBRA benefits, with enhanced packages following a change in control. This strategic financial maneuvering and added executive security were announced in a recent press release by Montana Technologies.
Learn more about AIRJ stock on TipRanks’ Stock Analysis page.
