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Tactical Resources (TSXV:RARE)(OTC:USREF) has executed a third amendment to its business combination agreement with Plum Acquisition Corp. III (OTC:PLMJF). The amendment modifies the terms of their previously announced merger that will create a new Nasdaq-listed public company.
Key changes include: 80-85% of shares issued to Tactical Resources shareholders will be subject to a 6-month lock-up period, key securityholders have entered into lock-up agreements, and the completion deadline has been extended to July 30, 2026. The transaction is expected to close in Q4 2025, pending shareholder, regulatory, and court approvals.
The amendment received unanimous approval from the board's disinterested members following recommendation from the Special Committee, supported by Evans & Evans, Inc.'s updated fairness opinion.
