Power & Digital Infrastructure Acquisition II Corp Class A (XPDB) has released an update to notify the public and investors about an entry into a material definitive agreement.
Power & Digital Infrastructure Acquisition II Corp. has amended its merger agreement with Montana Technologies, adjusting the deal’s financial terms. The amendment lowers the required Aggregate Transaction Proceeds from $85 million to $50 million, modifying a key condition of the original June 2023 agreement. This strategic move could signal a more achievable path to completing the merger, potentially interesting for market watchers and investors tracking developments in the infrastructure acquisition space.
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For a comprehensive understanding of the announcement, you can read the full document here.
