Plum Acquisition Corp. I Files 8-K for Material Agreement
Ticker: VEEAW · Form: 8-K · Filed: Jun 6, 2024 · CIK: 1840317
| Field | Detail |
|---|---|
| Company | Plum Acquisition Corp. I (VEEAW) |
| Form Type | 8-K |
| Filed Date | Jun 6, 2024 |
| Risk Level | low |
| Pages | 3 |
| Reading Time | 3 min |
| Key Dollar Amounts | $11.50, $9.50 |
| Sentiment | neutral |
Sentiment: neutral
Topics: material-agreement, 8-K, filing
TL;DR
Plum Acquisition Corp. I filed an 8-K on June 6, 2024, for a material definitive agreement.
AI Summary
On June 6, 2024, Plum Acquisition Corp. I filed an 8-K report detailing a material definitive agreement. The filing also includes financial statements and exhibits related to the company's operations. Plum Acquisition Corp. I is incorporated in the Cayman Islands and its fiscal year ends on December 31.
Why It Matters
This 8-K filing indicates a significant business development or contractual agreement for Plum Acquisition Corp. I, which could impact its future operations and financial performance.
Risk Assessment
Risk Level: low — The filing is a standard 8-K report for a material definitive agreement and does not inherently suggest immediate financial distress or significant operational changes.
Key Numbers
- 001-40218 — SEC File Number (Identifies the company's filing with the SEC.)
- 98-1577353 — IRS Number (Company's Employer Identification Number.)
Key Players & Entities
- Plum Acquisition Corp. I (company) — Registrant
- June 6, 2024 (date) — Date of earliest event reported
- Cayman Islands (jurisdiction) — State or other jurisdiction of incorporation
FAQ
What is the nature of the material definitive agreement filed by Plum Acquisition Corp. I?
The filing does not specify the exact nature of the material definitive agreement, only that one has been entered into.
When was the earliest event reported in this 8-K filing?
The earliest event reported was on June 6, 2024.
Where is Plum Acquisition Corp. I incorporated?
Plum Acquisition Corp. I is incorporated in the Cayman Islands.
What is the fiscal year end for Plum Acquisition Corp. I?
The fiscal year end for Plum Acquisition Corp. I is December 31.
What is the SEC file number for Plum Acquisition Corp. I?
The SEC file number for Plum Acquisition Corp. I is 001-40218.
Filing Stats: 807 words · 3 min read · ~3 pages · Grade level 13.2 · Accepted 2024-06-06 09:30:07
Key Financial Figures
- $11.50 — Ordinary Share at an exercise price of $11.50 per share PLMIW The Nasdaq Stock Ma
- $9.50 — n on deposit in the trust account, less $9.50. Plum may enter into other non-redempt
Filing Documents
- ea0207373-8k425_plum1.htm (8-K) — 36KB
- ea020737301ex10-1_plum1.htm (EX-10.1) — 50KB
- 0001213900-24-050218.txt ( ) — 323KB
- plmi-20240606.xsd (EX-101.SCH) — 4KB
- plmi-20240606_def.xml (EX-101.DEF) — 27KB
- plmi-20240606_lab.xml (EX-101.LAB) — 37KB
- plmi-20240606_pre.xml (EX-101.PRE) — 25KB
- ea0207373-8k425_plum1_htm.xml (XML) — 7KB
01
Item 1.01. Entry into a Material Definitive Agreement. On June 4, 2024, Plum Acquisition Corp. I (" Plum ") entered into a non-redemption agreement (the " Non-Redemption Agreement ") with certain investors named therein (each, a " Backstop Investor "), each acting on behalf of certain funds, investors, entities or accounts that are managed, sponsored or advised by each such Backstop Investor or its affiliates. Pursuant to the Non-Redemption Agreement, the Backstop Investors agreed that, on or prior to Closing, the Backstop Investors will rescind or reverse their previous election to redeem an aggregate of up to the number of shares of Plum common stock listed in Exhibit A to the Non-Redemption Agreement (the " Backstop Shares "), which redemption requests were made in connection with the extraordinary general meeting of stockholders held on June 4, 2024 for the purpose of approving the business combination (the " Business Combination ") contemplated by that certain business combination agreement, dated November 27, 2024, by and among Plum, Plum SPAC Merger Sub, Inc., a Delaware corporation and wholly-owned subsidiary, and Veea Inc., a Delaware corporation (the " Business Combination Agreement "). Plum agreed to accept any request to rescind or reverse redemption requests made no later than two business days prior to the closing of the Business Combination promptly once submitted by the Backstop Investors. Upon consummation of the Business Combination, Plum shall pay or cause to be paid to each Backstop Investor a payment in respect of its respective Backstop Shares in cash released from Plum's trust account in an amount equal to the product of (x) the number of Backstop Shares and (y) the price per share for a pro rata portion of the amount then on deposit in the trust account, less $9.50. Plum may enter into other non-redemption agreements with substantially similar terms with other investors or stockholders of Plum. The foregoing description of the Non-Redemp
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits Exhibit No. Description 10.1 Non-Redemption Agreement, dated June 4, 2024, by and between Plum Acquisition Corp. I and the parties named therein 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) 1
SIGNATURES
SIGNATURES 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. PLUM ACQUISITION CORP. I Dated: June 6, 2024 By: /s/ Kanishka Roy Name: Kanishka Roy Title: Co-Chief Executive Officer and President 2