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Tactical Resources (OTC PINK:USRED) received the Final Order of the Supreme Court of British Columbia on December 18, 2025 approving a plan of arrangement to complete a business combination with Plum Acquisition Corp. III and related parties.
The arrangement follows shareholder approval with ~99.979% of votes in favour (meeting held December 16, 2025). The transaction includes SPAC redomicile and amalgamations to form New PubCo, an intended Nasdaq listing in Q1 2026, and expected delisting from the TSXV after closing.
Between 80%–85% of New PubCo common shares issued to shareholders will be subject to six-month transfer restrictions; closing remains subject to customary conditions and Nasdaq approval.
Tactical Resources (OTC:USRED) announced Shareholders approved a plan of arrangement with Plum Acquisition Corp. III to complete a SPAC-style business combination.
The deal will redomicile Plum to British Columbia, amalgamate the parties into New PubCo, and seek a NASDAQ listing in Q1 2026 subject to approvals. Tactical Shares will be exchanged for New PubCo Common Shares at a closing exchange ratio to be determined.
Key items: Transfer restrictions will apply to 80–85% of New PubCo shares for six months; options convert by the exchange ratio; directors were elected; auditor reappointed; and a C$2,116,337 debt settlement resulted in issuance of 4,600,738 Tactical Shares (pre-consolidation). A British Columbia Supreme Court Final Order is sought on Dec 18, 2025 and closing is expected in Q1 2026.
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