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Latham & Watkins Advises Montana Technologies in Its Business Combination With Power & Digital Infrastructure Acquisition II Corp.

June 5, 2023
Firm advises the atmospheric energy and water harvesting technology company in the transaction.

Power & Digital Infrastructure Acquisition II Corp (XPDB) (NASDAQ: XPDB, XPDBW, XPDBU) – a special purpose acquisition company, focused on the renewable and transition energy sectors, sponsored by professionals of XMS Capital Partners, LLC, and Transition Equity Partners, LLC – and Montana Technologies, LLC (the Company), developer of AirJouletm, a transformational renewable energy and cooling technology, announced that they have entered into a business combination to commercialize Montana Technologies’ unique solution to revolutionize the HVAC sector, reduce emissions, and solve water issues.

Latham & Watkins LLP represents Montana Technologies LLC in the transaction with a corporate deal team led by Houston partners Ryan Maierson and John Greer, with associates Bryan Ryan, Monika Kluziak, Anji Yuan, and Christina Schrantz. Advice was also provided on tax matters by Houston partner Bryant Lee, with associate Dylan White; on benefits and compensation matters by Century City partner Julie Crisp, with associates Samantha Voutyras, and Morgan Wesner; on environmental matters by Los Angeles partner Joshua Marnitz, with associate Reilly Nelson; on intellectual property matters by Boston partner Sarah Gagan, with associate Deborah Hinck; and on antitrust matters by Washington, D.C. partner Jason Cruise and Washington, D.C. counsel Peter Todaro.