Plum Acquisition Corp. IV Files 8-K with Key Corporate Updates

TL;DR

Plum Acquisition Corp. IV filed an 8-K detailing material agreements, equity sales, and board changes.

AI Summary

Plum Acquisition Corp. IV announced on January 14, 2025, the entry into a material definitive agreement. The company also reported on unregistered sales of equity securities, changes in its board of directors and officer appointments, and amendments to its articles of incorporation or bylaws. The filing also covers other events and financial statements/exhibits.

Why It Matters

This 8-K filing signals significant corporate actions and potential strategic shifts for Plum Acquisition Corp. IV, which could impact its future business operations and shareholder value.

Risk Assessment

Risk Level: medium — The filing involves material definitive agreements and unregistered sales of equity, which can introduce complexities and potential risks for investors.

Key Numbers

• 001-42472 — SEC File Number (Identifies the specific SEC filing for Plum Acquisition Corp. IV)
• 25536045 — Film Number (Internal SEC processing number for the filing)

Key Players & Entities

• Plum Acquisition Corp. IV (company) — Registrant
• January 14, 2025 (date) — Earliest event reported
• 0001213900-25-004228 (filing_id) — Accession Number
• 6770 (sic_code) — Standard Industrial Classification for Blank Checks
• 2021 Fillmore St. #2089 (address) — Principal executive offices

FAQ

Key Financial Figures

• $0.0001 — f one Class A ordinary share, par value $0.0001 per share, and one-half of one redeemab
• $11.50 — ordinary share at an exercise price of $11.50 PLMKW Nasdaq Global Market Indica
• $10.00 — Units were sold at an offering price of $10.00 per Unit, generating gross proceeds of
• $172,500,000 — per Unit, generating gross proceeds of $172,500,000 (before underwriting discounts and comm
• $6,728,750 — pplicable, generating gross proceeds of $6,728,750, as follows: (A) 440,000 Private Placem
• $4,400,000 — 0 Restricted Private Placement Shares ($4,400,000 in the aggregate) with the Sponsor, (B)
• $1,863,000 — r, (B) 186,300 Private Placement Units ($1,863,000 in the aggregate) with CCM and (C) 46,5
• $465,750 — and (C) 46,575 Private Placement Units ($465,750 in the aggregate) with Seaport (collect
• $20,833 — s Chief Financial Officer and director, $20,833 per month for consulting services rende
• $174,225,000 — Item 8.01 Other Events. A total of $174,225,000 of the net proceeds from the IPO and th
• $6,900,000 — iters’ deferred discount of up to $6,900,000) was placed in a trust account, with Co
• $100,000 — any to pay its taxes, if any, and up to $100,000 to pay dissolution expenses, if any , t

Filing Documents

• ea0227882-8k_plum4.htm (8-K) — 44KB
• ea022788201ex1-1_plum4.htm (EX-1.1) — 247KB
• ea022788201ex3-1_plum4.htm (EX-3.1) — 356KB
• ea022788201ex4-1_plum4.htm (EX-4.1) — 158KB
• ea022788201ex10-1_plum4.htm (EX-10.1) — 57KB
• ea022788201ex10-2_plum4.htm (EX-10.2) — 61KB
• ea022788201ex10-3_plum4.htm (EX-10.3) — 61KB
• ea022788201ex10-4_plum4.htm (EX-10.4) — 85KB
• ea022788201ex10-5_plum4.htm (EX-10.5) — 119KB
• ea022788201ex10-6_plum4.htm (EX-10.6) — 74KB
• ea022788201ex10-7_plum4.htm (EX-10.7) — 123KB
• ea022788201ex99-1_plum4.htm (EX-99.1) — 6KB
• 0001213900-25-004228.txt ( ) — 1391KB

01 Entry into a Material Definitive Agreement

Item 1.01 Entry into a Material Definitive Agreement. On January 14, 2025, the Registration (the “ IPO ”) of Plum Acquisition Corp. IV (the “ Company ”) was declared effective by the U.S. Securities and Exchange Commission. On January 16, 2025, the Company consummated the IPO of 17,250,000 units (the “ Units ”), which included the full exercise of the underwriters’ over-allotment option. Each Unit consists of one Class A Ordinary Share, par value $0.0001 per share (the “ Class A Ordinary Shares ”), and one-half of one redeemable warrant (the “ Public Warrants ”), each whole Public Warrant entitling the holder thereof to purchase one Class A Ordinary Share at an exercise price of $11.50 per share, subject to adjustment. The Units were sold at an offering price of $10.00 per Unit, generating gross proceeds of $172,500,000 (before underwriting discounts and commissions and offering expenses). Further, in connection with the IPO, the Company entered into the following agreements, forms of which were previously filed as exhibits to the Registration Statement: an Underwriting Agreement, dated January 14, 2025, between the Company and Cohen & Company Capital Markets, a division of J.V.B. Financial Group, LLC (“ CCM ”), and Seaport Global Securities LLC (“ Seaport ”), as representatives of the several underwriters named in Schedule A thereto, which contains customary representations and warranties by the Company, conditions to closing and indemnification obligations of the Company and the underwriters; a Unit and Restricted Share Subscription Agreement, dated January 14, 2025, between the Company and Plum Partners IV, LLC (“the Sponsor ”), pursuant to which the Sponsor purchased (i) 440,000 private placement units (including if the underwrite

02 Unregistered Sales of Equity Securities

Item 3.02 Unregistered Sales of Equity Securities. Simultaneously with the consummation of the IPO and the issuance and sale of the Units, on January 16, 2025, the Company consummated the private placement of an aggregate of 672,875 Private Placement Units and 570,000 Restricted Private Placement Shares at a price of $10.00 per Private Placement Unit or $10.00 per Non-Managing Investor Private Placement Security, as applicable, generating gross proceeds of $6,728,750, as follows: (A) 440,000 Private Placement Units and 570,000 Restricted Private Placement Shares ($4,400,000 in the aggregate) with the Sponsor, (B) 186,300 Private Placement Units ($1,863,000 in the aggregate) with CCM and (C) 46,575 Private Placement Units ($465,750 in the aggregate) with Seaport (collectively, the “ Private Placement ”). The Private Placement Units, which were purchased by the Sponsor, CCM and Seaport, are identical to the Units, except that, they (including the underlying securities) are (i) subject to certain limited exceptions, subject to transfer restrictions until 180 days following the consummation of the Company’s initial business combination and (ii) entitled to registration rights. The Restricted Private Placement Shares will be held by the Sponsor and will be transferred to the non-managing investors (as defined in the Registration Statement) (or their designees) only upon the consummation of an initial business combination. Other than such permitted transfer, the Restricted Private Placement Shares are (i) subject to transfer restrictions until 90 days following the consummation of the Company’s initial business combination and (ii) entitled to registration rights. 2

02 Departure of Directors or Certain

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On January 14, 2025, in connection with the IPO, Allan Chou, Anjai Gandhi and Avanish Sahai (collectively with Kanishka Roy and Steven Handwerker, the “ Directors ”) were appointed to the board of directors of the Company (the “ Board ”). Effective January 14, 2025, each of Allan Chou, Anjai Gandhi and Avanish Sahai was also appointed to the Board’s Audit Committee, Compensation Committee and Nominating and Corporate Governance Committee. The Company will reimburse the Directors for reasonable out-of-pocket expenses incurred in connection with fulfilling their roles as directors. In addition, as disclosed in the Registration Statement, the Company expects to pay each of Kanishka Roy, its Chairman and Chief Executive Officer, and Steven Handwerker, its Chief Financial Officer and director, $20,833 per month for consulting services rendered to us, commencing upon closing of the IPO, through the closing of the Company’s initial business combination, subject to availability of sufficient funds from working capital held outside the trust account. Other than the foregoing, none of the Directors is party to any arrangement or understanding with any person pursuant to which they were appointed as directors, nor is any Director party to any transaction required to be disclosed under Item 404(a) of Regulation S-K involving the Company.

03 Amendments to Articles of Incorporation

Item 5.03 Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year. The Company’s Amended and Restated Memorandum and Articles of Association became effective on January 16, 2025. The Amended and Restated Memorandum and Articles of Association is attached as Exhibit 3.1 hereto and the full text of such exhibit is incorporated by reference herein.

01 Other Events

Item 8.01 Other Events. A total of $174,225,000 of the net proceeds from the IPO and the Private Placement (which includes the underwriters’ deferred discount of up to $6,900,000) was placed in a trust account, with Continental Stock Transfer & Trust Company acting as trustee. Except with respect to interest earned on the funds held in the trust account that may be released to the Company to pay its taxes, if any, and up to $100,000 to pay dissolution expenses, if any , the funds held in the trust account will not be released from the trust account until the earliest to occur of: (1) the completion of the Company’s initial business combination; (2) the redemption of any public shares properly submitted in connection with a shareholder vote to amend the Company’s Amended and Restated Memorandum and Articles of Association (A) to modify the substance or timing of the Company’s obligation to allow redemption in connection with the Company’s initial business combination or to redeem 100% of the Company’s public shares if the Company has not completed its initial business combination within 18 months from the closing of the IPO or such earlier liquidation date as the Board may approve, or such later time as provided for in any amendment to our amended and restated memorandum and articles of association, (an “Extension Period”), subject to applicable law or (B) with respect to any other provision relating to shareholders’ rights or pre-initial business combination activity; and (3) the redemption of all of the Company’s public shares if the Company has not completed its initial business combination within 18 months from the closing of the IPO , or such earlier liquidation date as the Board may approve, or during any The proceeds deposited in the trust account could become Period, subje

01. Financial Statements and Exhibits

Item 9.01. Financial Statements and Exhibits. (d) Exhibits. 1.1 Underwriting Agreement, dated January 14, 2025, between the Company and Cohen & Company Capital Markets, a division of J.V.B. Financial Group, LLC, and Seaport Global Securities LLC, as representatives of the several underwriters 3.1 Amended and Restated Memorandum and Articles of Association 4.1 Warrant Agreement, dated January 14, 2025, between the Company and Odyssey Transfer and Trust Company 10.1 Units and Restricted Shares Subscription Agreement, dated January 14, 2025, between the Company and Plum Partners IV, LLC 10.2 Units Subscription Agreement, dated January 14, 2025, between the Company and Cohen & Company Capital Markets, a division of J.V.B. Financial Group, LLC 10.3 Units Subscription Agreement, dated January 14, 2025, between the Company and Seaport Global Securities LLC 10.4 Investment Management Trust Account Agreement, dated January 14, 2025, between the Company and Continental Stock Transfer & Trust Company 10.5 Registration Rights Agreement, dated January 14, 2025, among the Company, the Sponsor and the other Holders (as defined therein) signatory thereto 10.6 Letter Agreement, dated January 14, 2025, among the Company, the Sponsor and each of the initial shareholders, directors and officers of the Company 10.7 Form of Indemnity Agreement, January 14, 2025, between the Company and each of the officers and directors of the Company 99.1 Press Release, dated January 14, 2025 4 SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Date: January 16, 2025 PLUM ACQUISITION CORP. IV By: /s/ Kanishka Roy Name: Kanishka Roy Title: Chief Executive Officer 5

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View this 8-K filing on SEC EDGAR