Plum Acquisition Corp. III Files Q3 2024 10-Q
Ticker: PLMWF · Form: 10-Q · Filed: Dec 20, 2024 · CIK: 1845550
Sentiment: neutral
Topics: spac, quarterly-report, sec-filing
TL;DR
**Plum Acquisition Corp. III (III) filed its 10-Q for Q3 2024. Formerly Alpha Partners Tech Merger Corp.**
AI Summary
Plum Acquisition Corp. III filed its 10-Q for the quarterly period ended September 30, 2024. The company, formerly known as Alpha Partners Technology Merger Corp., is incorporated in the Cayman Islands and operates in the blank checks sector. Its business address is located in New York, NY.
Why It Matters
This filing provides an update on Plum Acquisition Corp. III's financial status and operations for the third quarter of 2024, which is crucial for investors tracking special purpose acquisition companies.
Risk Assessment
Risk Level: low — This filing is a routine quarterly report and does not contain significant new risks or material adverse events.
Key Numbers
- 001-40677 — SEC File Number (Identifies the company's filing with the SEC.)
- 0001845550 — Central Index Key (Unique identifier for the filer in SEC systems.)
Key Players & Entities
- Plum Acquisition Corp. III (company) — Registrant
- Alpha Partners Technology Merger Corp. (company) — Former company name
- September 30, 2024 (date) — Quarterly period end date
- 20241220 (date) — Filing date
- Cayman Islands (location) — Jurisdiction of incorporation
FAQ
What is the primary business of Plum Acquisition Corp. III?
Plum Acquisition Corp. III is classified under 'BLANK CHECKS [6770]' and is related to Real Estate & Construction.
When was Plum Acquisition Corp. III previously known by another name?
The company was formerly known as Alpha Partners Technology Merger Corp., with a date of name change on 20210210.
What period does this 10-Q filing cover?
This 10-Q filing covers the quarterly period ended September 30, 2024.
Where is Plum Acquisition Corp. III incorporated?
Plum Acquisition Corp. III is incorporated in the Cayman Islands.
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: 4,776 words · 19 min read · ~16 pages · Grade level 19.5 · Accepted 2024-12-20 17:09:34
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
- ea0223853-10q_plumacq3.htm (10-Q) — 804KB
- ea022385301ex31-1_plumacq3.htm (EX-31.1) — 11KB
- ea022385301ex31-2_plumacq3.htm (EX-31.2) — 11KB
- ea022385301ex32-1_plumacq3.htm (EX-32.1) — 7KB
- ea022385301ex32-2_plumacq3.htm (EX-32.2) — 7KB
- 0001213900-24-111270.txt ( ) — 5199KB
- aptm-20240930.xsd (EX-101.SCH) — 47KB
- aptm-20240930_cal.xml (EX-101.CAL) — 21KB
- aptm-20240930_def.xml (EX-101.DEF) — 267KB
- aptm-20240930_lab.xml (EX-101.LAB) — 401KB
- aptm-20240930_pre.xml (EX-101.PRE) — 261KB
- ea0223853-10q_plumacq3_htm.xml (XML) — 567KB
FINANCIAL STATEMENTS
FINANCIAL STATEMENTS Condensed Balance Sheets as of September 30, 2024 (Unaudited) and December 31, 2023 1 Condensed 2 Condensed 3 Condensed 5 Notes to Condensed Financial Statements (Unaudited) 6 Item 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS 24 Item 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK 33 Item 4. CONTROLS AND PROCEDURES 33 PART II - OTHER INFORMATION 34 Item 1. LEGAL PROCEEDINGS 34 Item 1A. RISK FACTORS 34 Item 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS 35 Item 3. DEFAULTS UPON SENIOR SECURITIES 35 Item 4. MINE SAFETY DISCLOSURES 35 Item 5. OTHER INFORMATION 35 Item 6. EXHIBITS 36
SIGNATURES
SIGNATURES 37 i PLUM ACQUISTION CORP. III CONDENSED BALANCE SHEETS September 30, 2024 December 31, 2023 (Unaudited) ASSETS Current assets: Cash $ 115,044 $ — Prepaid expenses 71,741 25,885 Extension contribution due from related parties — 225,000 Total current assets 186,785 250,885 Investments held in Trust Account 25,381,830 157,330,245 Total Assets $ 25,568,615 $ 157,581,130 LIABILITIES AND SHAREHOLDERS' DEFICIT Current liabilities: Accounts payable $ 269,619 $ — Accounts payable - related party 26,027 — Accrued expenses and other current liabilities 1,083,498 805 Promissory note - related party 1,129,867 — Total current liabilities 2,509,011 805 Warrant liabilities 964,734 723,550 Total Liabilities 3,473,745 724,355 Commitments (Note 6) Class A ordinary shares subject to possible redemption, 2,284,199 and 14,717,409 shares at redemption value of $ 11.11 and $ 10.71 per share at September 30, 2024 and December 31, 2023, respectively 25,381,830 157,555,245 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 September 30, 2024 and December 31, 2023; excluding 2,284,199 and 14,717,409 shares subject to possible redemption, respectively, at September 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 ( 3,287,753 ) ( 699,263 ) Total Shareholders' Deficit ( 3,286,960 ) ( 698,470 ) Total Liabilities and Shareholders' Deficit $ 25,568,615 $ 157,581,130 The accompanying notes are an integral part of the unaudited condensed financial statements. 1 PLUM ACQUISTION CORP. III CONDENSED (UNAUDITED) Three Months Ended September 30, 20