Plum Acquisition (PLMK) sponsor swaps 5,649,999 Class B into Class A
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Plum Partners IV, LLC, the sponsor and 10% owner of Plum Acquisition Corp. IV, elected on July 9, 2026 to convert 5,649,999 Class B ordinary shares into Class A ordinary shares, raising its Class A holdings to 6,659,999 shares and leaving 1 Class B share. An April 25, 2025 restructuring transferred 25,000 Class B shares to director Aidin Aghamiri for services. Chairman and CEO Kanishka Roy, as managing member of the sponsor, may be deemed to share beneficial ownership but disclaims it except for his pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
5,649,999 shares exercised/converted
Mixed
3 txns
Insider
PLUM PARTNERS IV, LLC
Role
10% Owner
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Conversion | Class B ordinary shares | 5,649,999 | $0.00 | -- |
| Conversion | Class A ordinary shares | 5,649,999 | -- | -- |
| Other | Class B ordinary shares | 25,000 | $0.00 | -- |
Holdings After Transaction:
Class B ordinary shares — 1 shares (Direct);
Class A ordinary shares — 6,659,999 shares (Direct)
Footnotes (1)
- Each Class B ordinary share, par value $0.0001, ("Class B Shares") will automatically convert into Class A ordinary shares, par value $0.0001, of the Issuer ("Class A Shares") at a ratio of no less than one-to-one following the consummation of the Issuer's initial business combination, or earlier at the option of the holder thereof, subject to adjustment as set forth in the Issuer's registration statement on Form S-1 (File No. 333-281144). The Class B Shares have no expiration date. The securities are held directly by Plum Partners IV, LLC (the "Sponsor"). Kanishka Roy, the Issuer's Chairman and Chief Executive Officer, is the managing member of the Sponsor, therefore, he may be deemed to have beneficial ownership of the securities held directly by the Sponsor. Mr. Roy disclaims beneficial ownership of such shares, except to the extent of his pecuniary interest therein. Represents the Class B Shares transferred by the Sponsor to Aidin Aghamiri for services as a director. The reported Class B Shares converted into Class A Shares pursuant to an election by the Sponsor.
Key Figures
Class A shares acquired via conversion: 5649999.0000 shares
Class A shares owned after conversion: 6659999.0000 shares
Class B shares converted: 5649999.0000 shares
+2 more
5 metrics
Class A shares acquired via conversion
5649999.0000 shares
Class B to Class A conversion on 2026-07-09 by Plum Partners IV, LLC
Class A shares owned after conversion
6659999.0000 shares
Direct Class A holdings of Plum Partners IV, LLC after 2026-07-09 transaction
Class B shares converted
5649999.0000 shares
Class B ordinary shares converted into Class A ordinary shares on 2026-07-09
Class B shares remaining after conversion
1.0000 share
Class B ordinary shares held by Plum Partners IV, LLC following the 2026-07-09 conversion
Class B shares transferred to director
25000.0000 shares
Transferred by Plum Partners IV, LLC to director Aidin Aghamiri on 2025-04-25 for services
Key Terms
Class B ordinary shares, initial business combination, beneficial ownership, pecuniary interest, +1 more
5 terms
initial business combination financial
"will automatically convert into Class A ordinary shares ... following the consummation of the Issuer's initial business combination"
An initial business combination is the deal in which a special-purpose acquisition company (SPAC) merges with or acquires an operating business to bring that business onto public markets. Think of the SPAC as an empty shell that raises money from investors, then uses that cash to buy a private company—this transaction turns the private company into a public one and often changes its ownership, valuation, and access to capital, so investors should watch for shifts in risk, future growth prospects, and shareholder rights.
beneficial ownership financial
"he may be deemed to have beneficial ownership of the securities held directly by the Sponsor"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
pecuniary interest financial
"Mr. Roy disclaims beneficial ownership of such shares, except to the extent of his pecuniary interest therein"
derivative security financial
"transaction code description: Conversion of derivative security"
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
