Filing Analysis
AirJoule Technologies Corporation filed an 8-K to announce its second quarter 2026 financial and operational results via a press release. This is a routine earnings announcement filing.
📋 Key Facts
- The company announced Q2 2026 financial and operational results on August 13, 2026.
- Results were disclosed via a press release furnished as Exhibit 99.1.
- The filing is categorized under Item 2.02 (Results of Operations and Financial Condition).
AirJoule Technologies entered into a Securities Purchase Agreement on May 28, 2026, to sell 3,658,536 shares of Class A common stock at $4.10 per share. The offering is expected to generate approximately $14.2 million in net proceeds to fund the commercialization of AirJoule Core and Prime systems.
🚩 Red Flags
- Multiple 8-K items in a single filing (1.01, 5.07, 7.01)
- Dilution: Issuance of over 3.6 million new shares
📋 Key Facts
- Offering size: 3,658,536 shares of Class A common stock
- Offering price: $4.10 per share
- Expected net proceeds: Approximately $14.2 million
- Expected closing date: June 1, 2026
- Use of proceeds: Commercialization of AirJoule Core and Prime systems and general corporate purposes
- Placement Agent: Titan Partners Group LLC
- Lock-up: Company agreed not to sell common stock or debt securities for 30 days post-closing without Placement Agent consent
AirJoule Technologies Corp. reported its financial and operational results for the first quarter of 2026. The announcement was made via a press release furnished as an exhibit to the filing.
📋 Key Facts
- The company reported Q1 2026 financial results on May 14, 2026.
- The filing was made under Item 2.02 (Results of Operations and Financial Condition).
- AirJoule Technologies is classified as an emerging growth company.
- The report was signed by Stephen S. Pang, Chief Financial Officer.
AirJoule Technologies Corp. announced its financial and operational results for the fourth quarter and fiscal year ended December 31, 2025. The results were disclosed via a press release furnished as an exhibit to the filing.
📋 Key Facts
- Reporting date: March 30, 2026
- Period covered: Fourth quarter and full year ended December 31, 2025
- Item 2.02 used to furnish the press release rather than filing it
- The company is an emerging growth company listed on the Nasdaq Capital Market
AirJoule Technologies Corporation announced the approval of performance-based restricted stock unit (RSU) awards for three executives under its 2024 Incentive Award Plan. The awards are tied to absolute annualized total shareholder return (TSR) over a performance period ending December 31, 2028.
🚩 Red Flags
- None identified in this specific filing.
📋 Key Facts
- Approval date: February 11, 2026.
- Performance Period: February 11, 2026, to December 31, 2028.
- Vesting is based on Absolute Annualized Total Shareholder Return (TSR).
- Target RSU grants for executives: Matthew B. Jore (116,822 units), Stephen S. Pang (59,579 units), and Patrick C. Eilers (73,014 units).
- Vesting scale ranges from 0% (below threshold) to 200% (maximum achievement).
AirJoule Technologies Corporation announced a public offering of 6,153,847 shares of Class A common stock priced at $3.25 per share, led by Lucid Capital Markets, LLC. The company expects to raise approximately $19.3 million in net proceeds to fund growth capital and manufacturing readiness.
🚩 Red Flags
- Significant dilution for existing shareholders due to the issuance of over 6 million new shares.
📋 Key Facts
- Offering size: 6,153,847 shares of Class A common stock.
- Offering price: $3.25 per share.
- Underwriter: Lucid Capital Markets, LLC.
- Expected net proceeds from primary offering: ~$19.3 million.
- Underwriter option: 923,077 additional shares (exercised in full), providing an additional ~$2.9 million in expected net proceeds.
- Use of proceeds: Growth capital, working capital, manufacturing readiness, and strategic deployment with partners.
- Lock-up period: 75 days following the closing date.
AirJoule Technologies Corp. announced its intention to conduct an underwritten public offering of Class A common stock via a previously declared S-3 registration statement. The company also reported a $5 million capital contribution to its joint venture with GE Vernova and a new collaboration with Red Dot Ranch.
🚩 Red Flags
- Planned public offering of common stock typically results in shareholder dilution.
📋 Key Facts
- Intention to conduct an underwritten public offering of Class A common stock pursuant to Form S-3 (File No. 333-291527).
- Contributed $5.0 million in capital to the joint venture with GE Vernova on January 5, 2026.
- Reported cash, cash equivalents, and restricted cash of approximately $21.8 million as of December 31, 2025.
- Entered a collaboration with Red Dot Ranch Foundation to deploy an AirJoule system for atmospheric water production testing in early 2026.
AirJoule Technologies Corporation filed an 8-K to furnish its third quarter 2025 financial and operational results via a press release. The filing is a routine disclosure of quarterly performance under Item 2.02.
📋 Key Facts
- Report date: November 13, 2025
- Reporting period: Third Quarter 2025
- The company is an emerging growth company.
- Financial results were released via Exhibit 99.1.
AirJoule Technologies Corporation filed an 8-K to furnish its second quarter 2025 financial and operational results via a press release. The filing is a routine disclosure of quarterly performance under Item 2.02.
📋 Key Facts
- Report date: August 13, 2025
- Reporting period: Second Quarter of 2025
- The company furnished a press release as Exhibit 99.1 containing results of operations and financial condition.
AirJoule Technologies Corporation announced a restructuring of its Board of Directors effective June 25, 2025. The company appointed two new independent directors and saw the resignation of two existing directors.
🚩 Red Flags
- None identified in this filing; resignations were explicitly noted as non-dispute related.
📋 Key Facts
- Appointed Denise Sterling and Thomas Murphy as Class II directors, effective June 25, 2025.
- Denise Sterling appointed to Audit and Compensation Committees.
- Thomas Murphy appointed to Audit Committee (Chair) and Nominating/Corporate Governance Committee.
- Paul Dabbar and Kyle Derham resigned from the Board and all committees.
- The company stated that resignations were not due to disagreements regarding operations, policies, or practices.
- Board size remains constant at eight directors.
AirJoule Technologies Corporation held its 2025 Annual Meeting of Shareholders on May 29, 2025. The meeting resulted in the election of two Class I directors to the Board for three-year terms.
📋 Key Facts
- Annual Meeting held on May 29, 2025.
- Matthew B. Jore elected to the Board with 38,870,576 votes 'For'.
- Stuart D. Porter elected to the Board with 38,825,362 votes 'For'.
- Directors' terms expire at the 2028 annual meeting of shareholders.
AirJoule Technologies Corp. has dismissed its independent auditor, BDO USA, P.C., and appointed Deloitte & Touche LLP as its new accounting firm effective May 20, 2025. While the company claims no disagreements with the outgoing auditor, it disclosed a previously identified material weakness in internal controls related to complex accounting issues.
🚩 Red Flags
- Auditor change combined with a history of disclosed material weaknesses in internal controls.
- Material weakness specifically related to complex accounting (reverse recapitalization and VIE accounting) which are high-risk areas for micro-cap companies.
- The dismissal of an auditor often triggers increased scrutiny from regulators and investors, even if 'no disagreements' are stated.
📋 Key Facts
- Dismissal of BDO USA, P.C. effective May 20, 2025.
- Appointment of Deloitte & Touche LLP for the fiscal year ending December 31, 2025.
- BDO's reports for FY2024 and FY2023 contained no adverse opinions or disclaimers.
- The company identified a material weakness in internal control over financial reporting regarding complex accounting (reverse recapitalization and VIE accounting).
- Company claims the material weakness was remediated as of December 31, 2024.
AirJoule Technologies Corporation filed an 8-K to furnish its first quarter 2025 financial and operational results via a press release. The filing contains no substantive changes to capital structure, management, or material agreements.
📋 Key Facts
- The company issued a press release on May 12, 2025, regarding Q1 2025 financial and operational results.
- The information is furnished under Items 2.02 and 7.01 of Form 8-K.
- The filing includes Exhibit 99.1 containing the press release.
AirJoule Technologies Corp. announced that its wholly owned subsidiary entered into an Amended LLC Agreement for its joint venture (AJ JV). The amendment reflects a $10 million increase in capital contributions to the joint venture.
🚩 Red Flags
- Capital infusion via a subsidiary/JV may indicate a need for liquidity to fund operations or specific projects.
📋 Key Facts
- Date of event: April 25, 2025
- The agreement is between AJ Tech (subsidiary), GE Vernova Ventures LLC, and AirJoule, LLC.
- $10 million in additional capital contributions were made into the AJ JV.
- The amendment restates the prior Limited Liability Company Agreement of AirJoule, LLC.
AirJoule Technologies Corp. entered into subscription agreements for a $15 million Private Investment in Public Equity (PIPE) offering led by GE Vernova Ventures LLC. The offering involves the issuance of approximately 3.75 million newly issued Class A common shares.
🚩 Red Flags
- Issuance of newly issued shares leads to potential dilution for existing shareholders.
📋 Key Facts
- Total aggregate gross purchase price: approximately $15 million.
- Number of shares to be issued: approximately 3.75 million Class A common stock.
- Anchor investor identified as GE Vernova Ventures LLC (GEV).
- Expected closing date: on or about April 25, 2025.
- The transaction is being conducted under the Section 4(a)(2) exemption from registration requirements.
AirJoule Technologies Corporation issued an 8-K to announce its financial and operational results for the fourth quarter and fiscal year ended December 31, 2024.
📋 Key Facts
- Report date: March 25, 2025
- Reporting period: Q4 and full year ended December 31, 2024
- The filing includes a press release (Exhibit 99.1) containing the results.
- Company is an emerging growth company.
AirJoule Technologies Corp. entered into a $30 million Common Stock Purchase Agreement with B. Riley Principal Capital II, LLC, establishing an equity line of credit (ELOC) structure. The agreement allows the company to sell shares at a discount to VWAP under various conditions over a 36-month term.
🚩 Red Flags
- Equity Line of Credit (ELOC) structure: This is a highly dilutive financing method often used by companies with limited access to traditional capital.
- Significant dilution potential: The company can issue up to $30M in shares, which could significantly dilute existing shareholders.
- Variable pricing/Discounted issuance: Shares are sold at a discount (3-5%) to VWAP, which typically puts downward pressure on the stock price.
- Restrictive covenants: Prohibits 'Variable Rate Transactions' or other 'at the market' offerings with third parties during the term.
📋 Key Facts
- Entered into a Common Stock Purchase Agreement and Registration Rights Agreement with B. Riley Principal Capital II, LLC on March 25, 2025.
- The agreement allows for the sale of up to $30,000,000 in newly issued Class A common stock.
- Purchases are subject to a 'Threshold Price' where the closing price must be greater than $1.00.
- Pricing includes a 3.0% discount for Market Open/Intraday purchases and a 5.0% discount for Fixed Purchases relative to VWAP.
- The agreement has a term of 36 months following the commencement date.
- Includes an 'Exchange Cap' preventing issuance of more than 20% of outstanding shares without stockholder approval unless certain price conditions are met.
AirJoule Technologies Corporation filed an 8-K to furnish an investor presentation via its website under Regulation FD. The filing contains no material agreements, financial changes, or structural shifts.
📋 Key Facts
- The company posted a new investor presentation on the 'Investors' section of its website on March 5, 2025.
- The presentation is intended for use at upcoming investor conferences.
- The information provided under Item 7.01 is furnished but not filed for purposes of Section 18 liability.
AirJoule Technologies Corporation announced that its Compensation Committee approved performance-based restricted stock unit (RSU) awards for executives Matthew B. Jore and Jeffrey D. Gutke under the 2024 Incentive Award Plan.
🚩 Red Flags
- Performance-based equity grants can lead to significant dilution if targets are met or exceeded (up to 200% vesting).
📋 Key Facts
- Awards are split into two categories: Shareholder Return RSUs (linked to average stock price) and Revenue RSUs (linked to cumulative revenue).
- Performance period for both award types is January 1, 2025, through December 31, 2027.
- Shareholder Return RSUs for Matthew B. Jore: 55,748 target units; Jeffrey D. Gutke: 11,150 target units.
- Vesting can range from 0% to 200% of the target number based on performance achievement levels.
- RSUs include provisions for conversion into time-based RSUs in the event of a Change in Control.
AirJoule Technologies Corp. (formerly Montana Technologies Corporation) announced its third quarter 2024 financial and operational results via a press release on November 13, 2024.
📋 Key Facts
- Company name changed from Montana Technologies Corporation to AirJoule Technologies Corporation.
- The filing is an announcement of Q3 2024 financial and operational results.
- The report was signed by CFO Stephen S. Pang on November 13, 2024.
AirJoule Technologies Corporation (formerly Montana Technologies Corporation) announced a corporate name change and the elimination of its Class B Common Stock. As part of this restructuring, all existing Class B shares held by CEO Matthew B. Jore were converted into an equal number of Class A Common Stock.
🚩 Red Flags
- Consolidation of share classes often precedes significant changes in corporate governance or capital structure, though here it appears to be a simplification of equity structure.
📋 Key Facts
- Company changed name from Montana Technologies Corporation to AirJoule Technologies Corporation effective Nov 13, 2024.
- Eliminated all provisions relating to Class B Common Stock via Third Amended and Restated Certificate of Incorporation.
- CEO Matthew B. Jore converted 4,759,642 shares of Class B Common Stock into an equal number of Class A Common Stock on Nov 8, 2024.
- Class A Common Stock is now the only outstanding class of common stock.
Montana Technologies Corporation filed an 8-K to announce its financial and operational results for the second quarter of 2024. The filing serves as a vehicle to furnish the press release containing these results via Exhibit 99.1.
📋 Key Facts
- Report date: August 23, 2024
- Reporting period: Second Quarter of 2024
- The company is an emerging growth company.
- Financial and operational results were released via press release (Exhibit 99.1).
Montana Technologies Corporation has determined that its Q1 2024 financial statements should no longer be relied upon due to an error in accounting for its 50/50 joint venture with GE Ventures LLC, AirJoule, LLC. The company will transition from full consolidation to the equity method of accounting for this entity.
🚩 Red Flags
- Non-reliance on previously issued financial statements (Item 4.02).
- Potential material weakness in internal controls over financial reporting due to accounting error.
- Involvement of a consultation process with the SEC regarding the accounting treatment.
📋 Key Facts
- The error involves the improper consolidation of AirJoule, LLC (a 50/50 JV between Montana Technologies and GE Ventures LLC) in Q1 2024 financial statements.
- The company must switch from full consolidation to the equity method of accounting for its interest in the JV.
- The Board of Directors and Audit Committee concluded that Q1 2024 unaudited financial statements should no longer be relied upon as of August 12, 2024.
- A restatement of the Q1 2024 Form 10-Q is being prepared and will be filed as an amendment as soon as reasonably practical.
- The company is currently evaluating the impact on internal controls over financial reporting.
Montana Technologies Corp. entered into subscription agreements for a $12 million PIPE offering involving the issuance of approximately 1.2 million shares of Class A common stock. Additionally, the company adopted an Executive Severance Plan establishing specific payout terms for its CEO and CAO.
🚩 Red Flags
- Unregistered sale of equity securities (Item 3.02) via PIPE offering, which can lead to future dilution.
- Significant severance obligations established for top executives (CEO and CAO) triggered by 'Qualifying Terminations' or 'Change in Control'.
📋 Key Facts
- Entered into Subscription Agreements on June 5, 2024, with PIPE Investors.
- PIPE Offering involves approximately 1.2 million newly issued shares of Class A common stock.
- Aggregate purchase price for the PIPE offering is approximately $12 million.
- The securities are being issued in reliance on exemptions under Section 4(a)(2) and/or Regulation D, not through a public offering.
- Adopted an Executive Severance Plan on June 6, 2024, covering the CEO (Matthew Jore) and CAO (Jeff Gutke).
- Severance for CEO includes 12 months of base salary and COBRA if terminated without cause; increases to 18 months/150% bonus in a change-in-control scenario.
Montana Technologies Corp. filed an 8-K to announce its financial and operational results for the first quarter of 2024 via a press release.
📋 Key Facts
- The filing is related to Item 2.02 (Results of Operations and Financial Condition) and Item 7.01 (Regulation FD Disclosure).
- The company issued a press release on May 20, 2024, regarding Q1 2024 results.
- The registrant is an emerging growth company.
Montana Technologies Corporation announced a management team expansion, specifically the appointment of Stephen Pang as Chief Financial Officer. The previous CFO, Jeff Gutke, has transitioned to the role of Chief Administrative Officer.
📋 Key Facts
- Stephen Pang appointed as Chief Financial Officer on May 7, 2024.
- Jeff Gutke transitioned from CFO to Chief Administrative Officer.
- Mr. Pang's compensation includes a $300,000 base salary, a 50% target annual incentive, and an annual long-term incentive target of $500,000.
- Mr. Pang has extensive SPAC/business combination experience (TortoiseEcofin, Hyliion Inc., Volta Industries).
- The appointment was not pursuant to any arrangement with third parties.
Montana Technologies Corporation announced the expansion of its Board of Directors and a change in leadership roles. The company appointed Kyle Derham as a Class II director and updated its Audit Committee composition, while also appointing Patrick C. Eilers as Chairman of the Board.
📋 Key Facts
- Board size increased from seven to eight members effective April 25, 2024.
- Kyle Derham appointed as a Class II Director; determined to be 'independent' under Nasdaq Rule 10A-3.
- Ajay Agrawal and Kyle Derham appointed to the Audit Committee, replacing Max Baucus and Dr. Marwa Zaatari.
- Patrick C. Eilers appointed as Chairman of the Board effective April 25, 2024.
- The company intends to implement a compensation program for non-employee directors.
Montana Technologies Corporation (formerly Power & Digital Infrastructure Acquisition II Corp.) completed its business combination with Montana Technologies LLC on March 14, 2024. The transaction involved the redemption of over $112 million in Class A common stock and the issuance of new equity to Legacy Montana holders.
🚩 Red Flags
- Significant cash outflow due to shareholder redemptions ($112.7M).
- Risk factor noted regarding the ability to maintain Nasdaq listing.
- Potential for future dilution via warrants and PIPE shares.
📋 Key Facts
- Business combination consummated on March 14, 2024.
- Public stockholders redeemed 10,381,983 shares at $10.85 per share for a total of $112,697,085.95.
- Post-closing share count: 53,823,412 shares (49,063,770 Class A; 4,759,642 Class B).
- Legacy Montana equity holders received approximately 85.5% of the Company's voting power.
- A PIPE investment was completed for 588,235 newly issued shares of Class A common stock.
- New ticker symbol: AIRJ (Nasdaq Capital Market).
Power & Digital Infrastructure Acquisition II Corp. (XPDB) has successfully consummated its business combination with Montana Technologies LLC, renaming itself Montana Technologies Corporation (Ticker: AIRJ). The transaction involved significant shareholder redemptions and the entry into a PIPE investment agreement.
🚩 Red Flags
- Massive shareholder redemption: Over 10 million shares redeemed, representing a significant exit of public capital.
- Extremely low remaining trust account balance ($2.45M) relative to the scale of the previous SPAC structure.
- Significant dilution potential via PIPE investor's contingent share eligibility.
📋 Key Facts
- Consummated business combination with Montana Technologies LLC on March 14, 2024.
- Company to be renamed Montana Technologies Corporation; trading under symbol 'AIRJ' on Nasdaq starting March 15, 2024.
- Public stockholders redeemed 10,381,983 shares at $10.85 per share, totaling ~$112.7 million in redemptions.
- Remaining trust account balance after redemptions is approximately $2,455,361.
- Entered into a Subscription Agreement with a PIPE Investor for 588,235 shares of Class A Common Stock.
- PIPE Investor eligible to receive up to 840,336 additional shares at the one-year anniversary if certain conditions are met.
The company filed an 8-K to provide illustrative as adjusted unaudited pro forma condensed combined consolidated balance sheet following a business combination. The adjustments account for the Montana Technologies LLC merger and subsequent capital raises/redemptions.
📋 Key Facts
- Business combination with Montana Technologies LLC was approved at a special meeting on March 8, 2024.
- The filing includes an illustrative As Adjusted unaudited pro forma condensed combined consolidated balance sheet as of September 30, 2023.
- Adjustments to the pro forma balance sheet exclude non-cash charges related to earnouts for Montana Technologies LLC and certain equity awards.
- Pro forma figures also account for proceeds from subsequent capital raises and stockholder redemptions.
Power & Digital Infrastructure Acquisition II Corp. (XPDB) is supplementing its proxy statement regarding a proposed merger with Montana Technologies LLC. The company reports that the aggregate transaction proceeds are expected to exceed $50 million, satisfying a key closing condition of the merger agreement.
🚩 Red Flags
- Significant dilution potential: In a 'Maximum Contractual Redemptions Scenario,' XPDB Public Stockholders would hold 0% of the post-combination equity.
- High concentration of ownership: Montana Class B Equityholders are expected to own between 64.8% and 77.8% of the combined company.
📋 Key Facts
- Montana Technologies has entered into additional common unit subscription agreements as part of an ongoing capital raise.
- Aggregate Transaction Proceeds at Closing are estimated to be over $50,000,000, satisfying the minimum proceeds requirement in the Merger Agreement.
- The merger is scheduled for a stockholder vote (Special Meeting) on March 8, 2024.
- Estimated redemption price per Public Share as of March 1, 2024, was approximately $10.84.
- Redemption deadline for public shareholders is March 6, 2024.
The Company's board of directors approved an extension of the deadline to complete a business combination from February 14, 2024, to March 14, 2024.
🚩 Red Flags
- Tight timeline: The extension is only for approximately one month (from Feb 14 to Mar 14), indicating a highly compressed window to finalize a target or transaction.
- SPAC lifecycle risk: Extensions are often required when a Special Purpose Acquisition Company (SPAC) has failed to secure a definitive agreement before its expiration date.
📋 Key Facts
- Board approval granted on February 8, 2024.
- Deadline for business combination extended from February 14, 2024, to March 14, 2024.
- Extension authorized pursuant to Paragraph Twenty-Fourth of the Amended and Restated Certificate of Incorporation.
Power & Digital Infrastructure Acquisition II Corp. (XPDB) entered into a First Amendment to its Business Combination Agreement with Montana Technologies, LLC. The amendment significantly lowers the minimum aggregate transaction proceeds requirement from $85 million to $50 million.
🚩 Red Flags
- Reduction in minimum transaction proceeds requirement (from $85M to $50M) suggests a potential struggle to meet original financing/valuation thresholds or concerns regarding high redemption rates by SPAC shareholders.
- SPAC structure carries inherent risks of failure to complete the business combination before the deadline.
📋 Key Facts
- Amendment dated February 5, 2024, to the original June 5, 2023, Business Combination Agreement.
- The Aggregate Transaction Proceeds condition has been reduced from $85 million to $50 million.
- The Form S-4 registration statement for the business combination was declared effective by the SEC on January 17, 2024.
- A Special Meeting of stockholders is being organized to vote on the proposed business combination.
Power & Digital Infrastructure Acquisition II Corp. announced a joint venture framework agreement between its target, Montana Technologies LLC, and GE Vernova to develop water capture technology. Additionally, the company disclosed subscription agreements for $5.0 million in equity related to the pending business combination.
🚩 Red Flags
- Related-party transactions: Company CEO (Patrick C. Eilers), General Counsel (John McGarrity), CFO (James P. Nygaard, Jr.), and Chairman (Theodore J. Brombach) are all investors in the entities purchasing shares via subscription agreements.
- Potential for dilution/complexity due to Class B unit conversions into Class A common stock upon business combination closing.
📋 Key Facts
- Montana Technologies and GE Vernova agreed to form a 50/50 joint venture ('AirJoule JV') on January 25, 2024.
- The JV aims to combine GE Vernova's sorbent materials with Montana Technologies' AirJoule water capture technology for markets in the Americas, Africa, and Australia.
- Montana Technologies will contribute $10 million at closing and up to an additional $90 million based on business plans.
- Investors (including company insiders) agreed to purchase $5.0 million of Montana Class B Common Units via subscription agreements signed Jan 26 and Jan 29, 2024.
- The transaction is subject to a termination date of March 31, 2024, unless extended.
Power & Digital Infrastructure Acquisition II Corp. entered into a letter agreement with Montana Technologies and Carrier Corporation, granting Carrier the right to nominate a board director post-business combination. Additionally, Carrier agreed to subscribe for units in Montana Technologies that will convert into 1,176,471 shares of Class A Common Stock upon closing.
🚩 Red Flags
- Extension of Deadline Date: The company has extended its deadline to complete a business combination by one month (from Jan 14 to Feb 14, 2024), indicating potential time pressure in closing the deal.
📋 Key Facts
- Entered into a Letter Agreement with Montana Technologies LLC and Carrier Corporation (NYSE: CARR) on January 7, 2024.
- Carrier is granted the right to nominate one board director for election, subject to Company approval, contingent on investment conditions post-business combination.
- Carrier entered into a Subscription Agreement to purchase Montana Class B Common Units.
- Upon closing of the business combination, Carrier's units will convert into 1,176,471 shares of Class A Common Stock.
- The Company's Board approved an extension of the 'Deadline Date' from January 14, 2024, to February 14, 2024.