IPO - Plum Acquisition Corp, IV

Form Type: 8-K

Filing Date: 2025-01-23

Corporate Action: Ipo

Type: New

Accession Number: 000121390025006037

Filing Summary: On January 16, 2025, Plum Acquisition Corp. IV completed its initial public offering (IPO) of 17,250,000 units, which included the full exercise of the underwriters’ over-allotment option. Each unit consists of one Class A ordinary share and one-half of one redeemable warrant, priced at $10.00 per unit, generating gross proceeds of $172,500,000 before underwriting discounts and commissions. Additionally, a private placement of 672,875 private placement units and 570,000 restricted Class A ordinary shares was conducted, generating gross proceeds of $6,728,750. A total of $174,225,000 from the IPO and private placement was placed in a trust account for the benefit of the public shareholders, underwriters, and subject to conditions regarding its release related to the initial business combination or public share redemptions if the business combination is not completed within 18 months. An audited balance sheet as of January 16, 2025, is included as Exhibit 99.1 to this report on Form 8-K.

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Form Type: 8-K

Filing Date: 2025-01-16

Corporate Action: Ipo

Type: New

Accession Number: 000121390025004228

Filing Summary: On January 14, 2025, the SEC declared effective Plum Acquisition Corp. IV's Registration Statement relating to its initial public offering (IPO). On January 16, 2025, the Company completed the IPO, selling 17,250,000 units at $10.00 each, generating gross proceeds of $172,500,000. Each unit consists of one Class A Ordinary Share and one-half of one redeemable warrant, entitling holders to purchase additional shares at an exercise price of $11.50. The filing also outlines various agreements connected to the IPO, including an Underwriting Agreement with Cohen & Company Capital Markets and Seaport Global Securities, and private placements involving the Sponsor. Additional details include the issuance of shares and structure of the trust account established for holding proceeds. The Company’s Amended and Restated Memorandum and Articles of Association took effect on January 16, 2025. Furthermore, on January 14, 2025, several individuals were appointed to the Company's Board of Directors and certain indemnification agreements were introduced.

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Form Type: 424B4

Filing Date: 2025-01-15

Corporate Action: Ipo

Type: New

Accession Number: 000121390025003871

Filing Summary: Plum Acquisition Corp. IV, a Cayman Islands exempted company, is conducting an initial public offering (IPO) of 15,000,000 units at a price of $10.00 per unit, aimed at raising $150,000,000. The units consist of one Class A ordinary share and a half of one redeemable public warrant which can be exercised at $11.50 per share. The company is a blank check entity, focusing on completing a merger, share exchange, or similar business combination with another business within 18 months of the offering's closing date, potentially extendable. The proceeds from the offering will be placed in a trust account and will be released only upon the completion of the initial business combination, redemption of public shares, or if the company fails to complete its business combination within the specified timeframe. The company is classified as an emerging growth company and a smaller reporting company under federal securities laws, which means it will face reduced public company reporting requirements. The underwriters are Cohen & Company Capital Markets and Seaport Global Securities, who will receive commissions for their role in the offering. The prospectus outlines risks associated with investment in the shares, including the potential for significant dilution due to earlier purchases of shares by the Sponsor. The document emphasizes the operational focus of the management team, which aims to leverage their experience and global relationships for successful acquisitions, although no target has been identified yet.

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Form Type: CORRESP

Filing Date: 2025-01-13

Corporate Action: Ipo

Type: New

Accession Number: 000121390025003031

Filing Summary: Plum Acquisition Corp. IV is seeking acceleration of the effective date for its Registration Statement on Form S-1, scheduled to become effective at 4:00 PM, Eastern Time, on January 14, 2025. This request is made by representatives from Cohen & Company Capital Markets and Seaport Global Securities, acting on behalf of the several underwriters. The companies intend to ensure that adequate distribution of the Preliminary Prospectus is maintained as they move forward with the offering. The document outlines regulatory compliance with relevant securities laws.

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Form Type: S-1/A

Filing Date: 2025-01-07

Corporate Action: Ipo

Type: New

Accession Number: 000121390025001644

Filing Summary: Plum Acquisition Corp. IV is filing Amendment No. 4 to its Form S-1 registration statement for an initial public offering (IPO) to sell up to 15,000,000 units at a price of $10.00 per unit, which will consist of one Class A ordinary share and one-half of one redeemable public warrant. The company, a blank check entity incorporated in the Cayman Islands, seeks to effect a merger or business combination. The offering aims to raise approximately $150 million, with projections of substantial proceeds going into a U.S.-based trust account for use upon completion of an initial business combination. The existing management team includes Kanishka Roy, CEO, who highlights the company's intent to leverage their global sector expertise to identify a suitable business target. The document outlines the allocation of proceeds, underwriting commissions, and shareholders' redemption rights, emphasizing restrictions on redemptions for significant shareholders. Additionally, various mechanisms for financing, potential dilution concerns, and the uncertainties surrounding the public market for shares are addressed. The company is classified as an 'emerging growth company' and a 'smaller reporting company' under federal securities laws, which imposes reduced reporting requirements.

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