Power & Digital Infrastructure Acquisition Corp.
NASDAQ Global SelectCapital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- CEO
- Patrick C. Eilers
- Sector
- Financial Services
- Industry
- Shell Companies
- Address
- 321 North Clark Street Chicago IL United States of America 60654
- IPO Date
- Apr 5, 2021
- CIK
- 0001839341
- Website
- xpdispac.com
- Similar Companies
- Business
- Power & Digital Infrastructure Acquisition Corp is a special purpose acquisition company (SPAC) focused on effecting mergers, capital stock exchanges, asset acquisitions, stock purchases, reorganizations, or similar business combinations primarily in the power and digital infrastructure sectors. The company was incorporated in 2020 and is headquartered in Chicago, Illinois. Its core business involves identifying and combining with operating companies in the energy transition and digital infrastructure industries, particularly targeting businesses that innovate in renewable energy and digital data infrastructure. The company notably completed a significant business combination in March 2024 through its SPAC vehicle Power & Digital Infrastructure Acquisition II Corp (NASDAQ: XPDB) with Montana Technologies LLC, a renewable energy technology firm. Montana Technologies specializes in atmospheric thermal energy and water harvesting solutions, providing efficient and sustainable air conditioning technology branded as AirJoule™, which transforms renewable energy and cooling technology offerings. This transaction positioned Montana Technologies Corporation to commercialize its AirJoule™ technology globally, leveraging partnerships with major corporations such as BASF, GE Vernova, CATL, and Carrier to scale production and deployment. Recent major changes include the closing of the business combination with Montana Technologies, with the new combined entity trading under ticker symbols AIRJ and AIRJW on Nasdaq since March 2024. The company secured over $50 million in private capital commitments led by investors including Carrier Corporation, the Rice Investment Group, and GE Vernova to fund commercial expansion. This move aligns Power & Digital Infrastructure Acquisition Corp's strategic focus toward renewable and transitional energy technologies through advanced commercial partnerships and joint ventures within global markets. Previously, Power & Digital Infrastructure Acquisition Corp had also executed a reverse merger transaction with Core Scientific, a high-performance computing and digital infrastructure company, enhancing its footprint in data center operations and digital asset hosting. The company's broad targeting of sectors involves renewable energy, digital infrastructure services, high-performance computing, and advanced cooling technologies with geographic emphasis primarily in the United States and expanding global markets. In summary, Power & Digital Infrastructure Acquisition Corp operates as a transactional platform focused on acquiring and developing companies within the renewable energy and digital infrastructure spheres, with its latest major development being the acquisition and commercialization of Montana Technologies’ AirJoule™ energy solutions backed by substantial strategic investments and partnerships. It remains active in supporting energy transition technologies and digital infrastructure innovations through operational and financial collaborations.
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