Corporate ActionJul 9, 2026, 05:22 PM
Plum Acquisition IV Estimates Redemption Price at $10.6973
AI Summary
Plum Acquisition Corp. IV announced the estimated per-share redemption price of approximately $10.6973 in connection with its upcoming shareholder meeting. The meeting, scheduled for July 10, 2026, will address a proposal to extend the deadline for consummating a business combination from July 16, 2026, to January 16, 2027, with further monthly extensions possible until July 16, 2027. The estimated redemption price is based on the trust account balance of approximately $184.5 million as of July 9, 2026.
Key Highlights
- Shareholder meeting on July 10, 2026, to vote on extending business combination deadline.
- Proposed extension from July 16, 2026, to January 16, 2027, with monthly options up to July 16, 2027.
- Estimated per-share redemption price is approximately $10.6973.
- Trust account balance as of July 9, 2026, was approximately $184,528,681.34.
- Closing price of public shares on Nasdaq on July 9, 2026, was $10.77.
- Shareholders can withdraw redemption requests until 9:00 a.m. ET on July 10, 2026.
Price Impact
More from PLMK