Plum Acquisition Corp. III Files Q2 2024 10-Q
Ticker: PLMWF · Form: 10-Q · Filed: Oct 4, 2024 · CIK: 1845550
Sentiment: neutral
Topics: 10-Q, quarterly-report, spac
TL;DR
Plum Acquisition Corp. III (formerly Alpha Partners) filed its Q2 2024 10-Q.
AI Summary
Plum Acquisition Corp. III filed its quarterly report for the period ended June 30, 2024. The company, formerly known as Alpha Partners Technology Merger Corp., is incorporated in the Cayman Islands and its fiscal year ends on December 31. Its business address is in New York, NY, with a mailing address in San Francisco, CA.
Why It Matters
This filing provides an update on Plum Acquisition Corp. III's financial status and operations for the second quarter of 2024, which is crucial for investors tracking the company's progress.
Risk Assessment
Risk Level: low — This filing is a routine quarterly report and does not contain significant new risk factors.
Key Numbers
- 001-40677 — SEC File Number (Identifies the company's filing with the SEC.)
- 20240630 — Quarter End Date (Indicates the end of the reporting period for this 10-Q.)
Key Players & Entities
- Plum Acquisition Corp. III (company) — Registrant
- Alpha Partners Technology Merger Corp. (company) — Former company name
- June 30, 2024 (date) — Quarterly period end date
- 20210210 (date) — Date of name change
- 001-40677 (dollar_amount) — SEC file number
FAQ
What is the primary purpose of this 10-Q filing for Plum Acquisition Corp. III?
This 10-Q filing is a quarterly report under Section 13 or 15(d) of the Securities Exchange Act of 1934, providing financial and operational updates for the period ended June 30, 2024.
What was Plum Acquisition Corp. III formerly known as?
Plum Acquisition Corp. III was formerly known as Alpha Partners Technology Merger Corp., with a date of name change on 20210210.
In which jurisdiction is Plum Acquisition Corp. III incorporated?
Plum Acquisition Corp. III is incorporated in the Cayman Islands.
What is the business address of Plum Acquisition Corp. III?
The business address of Plum Acquisition Corp. III is Empire State Building, 20 West 34th Street, Suite 4215, New York, NY 10001.
What is the SEC file number for Plum Acquisition Corp. III?
The SEC file number for Plum Acquisition Corp. III is 001-40677.
Filing Stats: 4,757 words · 19 min read · ~16 pages · Grade level 18.9 · Accepted 2024-10-04 16:17:28
Key Financial Figures
- $0.0001 — ncluded as part of the Units, par value $0.0001 per share PLMJ The Nasdaq Stock Market
- $11.50 — ordinary share at an exercise price of $11.50 PLMJW The Nasdaq Stock Market LLC Unit
Filing Documents
- ea0216181-10q_plum3.htm (10-Q) — 654KB
- ea021618101ex31-1_plum3.htm (EX-31.1) — 7KB
- ea021618101ex31-2_plum3.htm (EX-31.2) — 7KB
- ea021618101ex32-1_plum3.htm (EX-32.1) — 4KB
- ea021618101ex32-2_plum3.htm (EX-32.2) — 4KB
- 0001213900-24-085562.txt ( ) — 4973KB
- aptm-20240630.xsd (EX-101.SCH) — 50KB
- aptm-20240630_cal.xml (EX-101.CAL) — 19KB
- aptm-20240630_def.xml (EX-101.DEF) — 275KB
- aptm-20240630_lab.xml (EX-101.LAB) — 403KB
- aptm-20240630_pre.xml (EX-101.PRE) — 265KB
- ea0216181-10q_plum3_htm.xml (XML) — 480KB
MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS
MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS 24 Item 3.
QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK
QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK 33 Item 4.
CONTROLS AND PROCEDURES
CONTROLS AND PROCEDURES 33
- OTHER INFORMATION
PART II - OTHER INFORMATION 34 Item 1.
LEGAL PROCEEDINGS
LEGAL PROCEEDINGS 34 Item 1A.
RISK FACTORS
RISK FACTORS 34 Item 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS 34 Item 3. DEFAULTS UPON SENIOR SECURITIES 34 Item 4. MINE SAFETY DISCLOSURES 34 Item 5. OTHER INFORMATION 34 Item 6. EXHIBITS 35
SIGNATURES
SIGNATURES 36 i PLUM ACQUISTION CORP. III CONDENSED BALANCE SHEETS June 30, 2024 December 31, 2023 (Unaudited) ASSETS Current assets: Cash $ 49,390 $ — Prepaid expenses 61,571 25,885 Extension contribution due from related parties — 225,000 Total current assets 110,961 250,885 Investments held in Trust Account 25,096,330 157,330,245 Total Assets $ 25,207,291 $ 157,581,130 LIABILITIES AND SHAREHOLDERS' DEFICIT Current liabilities: Accounts payable $ 262,788 $ — Accounts payable - related party 7,277 — Accrued expenses and other current liabilities 231,318 805 Promissory note - related party 718,867 — Total current liabilities 1,220,250 805 Warrant liabilities 844,142 723,550 Total Liabilities 2,064,392 724,355 Commitments (Note 6) Class A ordinary shares subject to possible redemption, 2,284,199 and 14,717,409 shares at redemption value of $ 10.99 and $ 10.71 per share at June 30, 2024 and December 31, 2023, respectively 25,096,330 157,555,245 Shareholders' Deficit Preference shares, $ 0.0001 par value; 1,000,000 shares authorized; none issued and outstanding — — Class A ordinary shares, $ 0.0001 par value; 200,000,000 shares authorized; 865,000 shares issued and outstanding at June 30, 2024 and December 31, 2023; excluding 2,284,199 and 14,717,409 shares subject to possible redemption, respectively, at June 30, 2024 and December 31, 2023 87 87 Class B ordinary shares, $ 0.0001 par value; 20,000,000 shares authorized; 7,062,500 shares issued and outstanding 706 706 Accumulated deficit ( 1,954,224 ) ( 699,263 ) Total Shareholders' Deficit ( 1,953,431 ) ( 698,470 ) Total Liabilities and Shareholders' Deficit $ 25,207,291 $ 157,581,130 The accompanying notes are an integral part of the unaudited condensed financial statements. 1 PLUM ACQUISTION CORP. III CONDENSED STATEMENTS OF OPERATIONS (UNAUDITED) Three Months Ended June 30, 2024 Three Months Ended Ju