AcquisitionsApr 15, 2026, 09:01 AM
Plum III Merger Corp. to Acquire 1.5M Tons of Tailings
AI Summary
Plum III Merger Corp. (PubCo), on behalf of Tactical Resources Corp., entered an Asset Purchase Agreement on April 7, 2026, to acquire approximately 1.5 million tons of processed tailings from Sierra Blanca Quarry, LLC. In exchange, PubCo will issue about 3,000,000 shares of its common stock to the seller. The transaction's closing is contingent upon the completion of the previously announced business combination involving Plum Acquisition Corp. III, Tactical, and PubCo.
Key Highlights
- Asset Purchase Agreement signed on April 7, 2026.
- PubCo to acquire approximately 1.5 million tons of processed tailings.
- Consideration includes 3,000,000 shares of PubCo common stock.
- Closing is subject to the Plum Acquisition Corp. III business combination.