v3.26.1
Recapitalization (Tables)
12 Months Ended
Dec. 31, 2025
Capitalization, Long-Term Debt and Equity [Abstract]  
Schedule of Reconciles Business Combination

The number of shares of Common Stock issued immediately following the consummation of the Business Combination were:

 

XPDB Class A common stock, outstanding prior to the Business Combination

 

 

10,608,178

 

Less: Redemption of XPDB Class A common stock

 

 

(10,381,983

)

Class A common stock of XPDB

 

 

226,195

 

XPDB Class B common stock, outstanding prior to the Business Combination

 

 

7,187,500

 

PIPE subscription

 

 

588,235

 

Business Combination Class A common stock

 

 

8,001,930

 

Legacy Montana Shares

 

 

45,821,482

 

Class A and B Common Stock immediately after the Business Combination

 

 

53,823,412

 

Schedule of Number of Legacy Montana Shares

The number of Legacy Montana shares was determined as follows:

 

 

Legacy
Montana
Units

 

 

The Company’s
Shares after
conversion ratio

 

Class A common stock

 

 

1,725,418

 

 

 

41,061,840

 

Class B common stock

 

 

200,000

 

 

 

4,759,642