Plum Acquisition Corp. announces the preliminary estimated cash redemption price for public shareholders ahead of its upcoming extension vote. Based on approximately $184,528,681.34 held in the Trust Account as of July 9, 2026, the estimated per-share redemption price is about $10.6973 at the time of the shareholder meeting.
The extraordinary general meeting is scheduled for July 10, 2026, where shareholders will vote on extending the SPAC Termination Date from July 16, 2026 to January 16, 2027, with the ability to further extend monthly up to July 16, 2027. Shareholders may elect to redeem or withdraw prior redemption requests up to 9:00 a.m. Eastern Time on the meeting date. The closing market price of the public shares on July 9, 2026 was $10.77 per share.
Plum Acquisition Corp. IV describes plans around an upcoming shareholder vote to extend the deadline for completing its initial business combination. The proposed amendment would move the deadline to January 16, 2027, with up to six additional monthly extensions available through July 16, 2027, if exercised.
In connection with the July 10, 2026 meeting, Class A shareholders have until 5:00 p.m. Eastern on July 8, 2026 to submit redemption requests. The company and its sponsor intend to enter into Non-Redemption Agreements, under which certain unaffiliated holders would agree not to redeem in exchange for a future transfer of sponsor-owned Class B (or converted Class A) shares if the extension is approved and those shares are not redeemed. The sponsor and certain initial holders also plan to convert substantially all Class B shares into Class A shares, which will not be eligible to receive trust account funds and will remain subject to transfer restrictions.
Plum Acquisition Corp. IV is postponing its extraordinary general meeting of shareholders to July 10, 2026, at 9:00 a.m. Eastern Time. At this meeting, shareholders are scheduled to vote on an Extension Amendment Proposal to push the SPAC’s deadline to complete an initial business combination to January 16, 2027, or up to July 16, 2027 if all six additional one-month extensions are exercised. The company also moved the deadline for shareholders to submit redemption requests from June 30, 2026, to July 8, 2026, giving investors more time to decide whether to redeem their shares or remain invested ahead of the extension vote.
Plum Acquisition Corp. IV is asking shareholders to approve an amendment extending the deadline to complete its initial business combination from July 16, 2026 to January 16, 2027, with the ability for the board, at the sponsor’s request, to add up to six one‑month extensions to July 16, 2027 without another vote. The company has signed a Business Combination Agreement with Controlled Thermal Resources Holdings Inc. and says more time is needed to close that deal. Holders of public shares may redeem all or part of their shares for cash from the trust account in connection with the extension vote, while retaining warrant holdings. As of June 12, 2026, the trust account held about $184.1 million, implying an estimated redemption price of roughly $10.67 per public share versus a Nasdaq trading price of $10.61. If the extension is not approved and no business combination is completed by the current deadline, Plum will redeem all public shares and liquidate, leaving warrants worthless.
Plum Acquisition Corp. IV is asking shareholders to approve an amendment to extend the deadline to complete an initial business combination from July 16, 2026 to January 16, 2027, and to permit up to six additional monthly extensions by board resolution, potentially until July 16, 2027, to allow completion of the announced merger agreement dated March 8, 2026 with Controlled Thermal Resources Holdings Inc. If approved, public shareholders (other than initial shareholders) may redeem their Public Shares for a pro rata portion of the funds held in the Trust Account; the proxy cites an illustrative redemption price of approximately $[●] per Public Share as of [●], 2026. If the extension is not approved and no business combination closes by the Termination Date, Plum will redeem Public Shares and proceed to wind up and liquidate, with warrants expiring worthless.
Plum Acquisition Corp. filed an 8-K reporting an amendment to its Business Combination Agreement with Controlled Thermal Resources Holdings Inc. that extends several filing and deliverable deadlines. The amendment moves delivery of financial statements to June 15, 2026 and pro forma information to June 30, 2026, extends antitrust filing dates to July 31, 2026, and delays certain consents previously due on May 7, 2026 to dates listed on Schedule 8.01(m) of the agreement. Plum IV and the Company state they will file a Registration Statement on Form S-4 containing a preliminary proxy statement/prospectus.
Plum Acquisition Corp. IV entered Amendment No. 1 to its Business Combination Agreement with Controlled Thermal Resources Holdings Inc. and Plum IV Merger Sub Inc. The amendment mainly pushes back several closing-related deadlines for their planned merger.
The Company now has until June 15, 2026 to deliver required financial statements and until June 30, 2026 to provide pro forma financial information for inclusion in the proxy statement/prospectus. The deadline for required antitrust filings was moved to July 31, 2026, and dates for delivering certain material consents were also extended. The filing reiterates that a Form S-4 registration statement and combined proxy statement/prospectus will be submitted to the SEC for shareholder approval of the transaction.
Plum Acquisition Corp. IV reported net income of $1.2 million for the quarter ended March 31, 2026, driven almost entirely by $1.45 million of interest on investments held in its Trust Account, while general and administrative expenses were $252,715. The SPAC held $182.7 million in U.S. Treasury securities in the Trust Account and only $93,512 of cash for working capital, resulting in a working capital deficit of $318,003. Management disclosed substantial doubt about the company’s ability to continue as a going concern because it must complete a business combination by July 16, 2026 or liquidate. During the quarter the company signed a Business Combination Agreement to merge with Controlled Thermal Resources Holdings Inc., with Plum redomiciling from the Cayman Islands to Delaware before closing and all Class B founder shares converting into common stock at the merger’s effective time.
Plum Acquisition Corp reports a passive ownership disclosure of 1,151,242 shares of Class A Common Stock, equal to 6.22% of the class. The filing identifies Meteora Capital, LLC and Vik Mittal as the reporting persons with shared voting and dispositive power over these shares.
Plum Acquisition Corp. IV Schedule 13G/A: three affiliated reporting persons jointly disclose beneficial ownership positions in the issuer. Westchester Capital Management, LLC reports 921,100 shares (representing 4.98%), while Virtus Investment Advisers, LLC and The Merger Fund each report 873,367 shares (each 4.72%), based on 18,492,875 shares outstanding as of March 31, 2026.
The filing breaks out voting and dispositive powers: Westchester holds 47,733 shares of sole voting/dispositive power and shares power over 873,367 shares; Virtus and The Merger Fund report only shared voting and dispositive power over 873,367 shares. The statement is signed by compliance officers and counsel.