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Tactical Resources (OTC: USREF) has completed its business combination with Plum Acquisition Corp. III (OTC: PLMJF), creating a new parent entity referred to as New PubCo, renamed Tactical Resources Corp., with Tactical continuing as a wholly owned subsidiary.
New PubCo Common Shares are expected to list on the Nasdaq Capital Market under ticker “TREO”, with trading anticipated to begin on Tuesday, August 18. In connection with closing, each Tactical share was exchanged for approximately 4.45396581 New PubCo shares, with 37% of those subject to six‑month transfer restrictions.
New PubCo will implement a 4‑for‑1 share consolidation, reducing outstanding shares from about 54,448,135 to approximately 13,612,034, to satisfy Nasdaq listing requirements. Tactical also issued 920,147 shares at a deemed $2.30 to settle about $2,116,337 of indebtedness. Tactical and Plum securities are expected to be delisted from TSXV and OTC Markets on August 13, 2026. New PubCo appointed Man Ching (“Jenny”) Shen as Chief Financial Officer, effective at closing.