Plum Acquisition Corp. III Enters Material Definitive Agreement

Ticker: PLMWF · Form: 8-K · Filed: Aug 23, 2024 · CIK: 1845550

Plum Acquisition CORP. III 8-K Filing Summary
FieldDetail
CompanyPlum Acquisition CORP. III (PLMWF)
Form Type8-K
Filed DateAug 23, 2024
Risk Levelmedium
Pages15
Reading Time18 min
Key Dollar Amounts$0.0001, $11.50, $5,000,001, $2,000,000, $2,500,000
Sentimentneutral

Sentiment: neutral

Topics: spac, definitive-agreement, financial-statements

TL;DR

Plum Acquisition Corp. III signed a big deal, moving forward with its SPAC plans.

AI Summary

Plum Acquisition Corp. III entered into a material definitive agreement on August 22, 2024. The filing also includes financial statements and exhibits related to this agreement. The company, formerly known as Alpha Partners Technology Merger Corp., is a blank check company operating in the Real Estate & Construction sector.

Why It Matters

This filing indicates a significant development for Plum Acquisition Corp. III, likely a step towards its intended business combination as a special purpose acquisition company.

Risk Assessment

Risk Level: medium — As a SPAC, Plum Acquisition Corp. III's primary risk is the successful completion of its business combination within its mandated timeframe.

Key Numbers

Key Players & Entities

FAQ

What is the nature of the material definitive agreement entered into by Plum Acquisition Corp. III?

The filing does not specify the exact nature of the material definitive agreement, only that one was entered into on August 22, 2024.

When was Plum Acquisition Corp. III formerly known as?

Plum Acquisition Corp. III was formerly known as Alpha Partners Technology Merger Corp., with a name change date of February 10, 2021.

What is the Standard Industrial Classification (SIC) code for Plum Acquisition Corp. III?

The SIC code for Plum Acquisition Corp. III is 6770, which corresponds to Blank Checks.

What are the components of the units offered by Plum Acquisition Corp. III?

The units consist of one Class Ordinary Share and one-third of one redeemable warrant to acquire one Class Ordinary Share.

What is the exercise price of the redeemable warrants issued by Plum Acquisition Corp. III?

The exercise price of the redeemable warrants is $11.50 per share.

Filing Stats: 4,598 words · 18 min read · ~15 pages · Grade level 20 · Accepted 2024-08-23 07:46:25

Key Financial Figures

Filing Documents

01 Entry Into a Material Definitive Agreement

Item 1.01 Entry Into a Material Definitive Agreement. Business Combination Agreement On August 22, 2024, Plum Acquisition Corp. III, a Cayman Islands exempted company ("Plum"), Plum III Amalco Corp., a corporation formed under the Laws of the Province of British Columbia and a direct, wholly owned Subsidiary of Plum ("Amalco"), Plum III Merger Corp., a corporation formed under the Laws of the Province of British Columbia ("Pubco"), and Tactical Resources Corp., a corporation formed under the Laws of the Province of British Columbia (the "Company") entered into a Business Combination Agreement (the "Business Combination Agreement"). Capitalized terms used but not defined herein shall have the meanings assigned to such terms in the Business Combination Agreement. The Business Combination Agreement and the transactions contemplated thereby (the "Transactions") were unanimously approved by Plum's board of directors and by the disinterested members of the Company's board of directors based upon a unanimous recommendation of a special committee of independent directors. The Transactions were also unanimously approved by the boards of directors of each of Pubco and Amalco. The Business Combination and conditions, the Business Combination Agreement provides that (a) Plum shall change its jurisdiction of incorporation by transfer by way of continuation from the Cayman Islands to the Province of British Columbia, Canada (the "Domestication"); (b) following the Domestication and at the closing of the Transactions (the "Closing"), Plum and Pubco shall amalgamate pursuant to a Plan of Arrangement under the Business Corporations Act of British Columbia ("BCBCA") to form one corporate entity, except that the legal existence of Pubco will not cease and Pubco will survive the amalgamation (the "SPAC Amalgamation"); and (c) immediately following the SPAC Amalgamation , the Company and Amalco shall amalgamate (the "Company Amalgamation" and, together with

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