M&A: Plum Acquisition Corp. III

Form Type: DEF 14A

Filing Date: 2024-12-31

Corporate Action: Merger

Type: New

Accession Number: 000121390024113923

Comments: Plum Acquisition Corp. III is conducting an extraordinary general meeting on January 16, 2025, to vote on proposals related to extending the timeline for completing a business combination. The proposals include an Extension Amendment Proposal to extend the termination date for the combination from January 30, 2025, to July 30, 2025, an amendment to eliminate the net tangible asset requirement for the business combination, and an Adjournment Proposal if necessary. If the extension is not approved, Plum may be forced to liquidate despite shareholder preferences. The proxy statement outlines the procedures for voting and provisions for shareholders to redeem their shares. As of December 30, 2024, the redemption price is approximately $11.19 per share, based on the trust account value. The Board believes that securing the extension is critical for the future of the business combination, emphasizing its importance for the company and its shareholders.

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