Corporate ActionApr 30, 2026, 05:22 PM
PLUN Closes $100M IPO; Units Trade on NYSE
AI Summary
Plutonian Acquisition Corp II (PLUN) announced the closing of its Initial Public Offering (IPO) on April 29, 2026, raising $100,000,000 by selling 10,000,000 units at $10.00 each. Concurrently, the company completed a private placement of 210,000 units to its Sponsor for $2,100,000. A total of $100,500,000 from both offerings was deposited into a trust account established for public shareholders. Additionally, Arin Vahanian, Hao Shen, and Joel A. Gallo were appointed to the board of directors.
Key Highlights
- PLUN completed its IPO of 10,000,000 units at $10.00 per unit.
- The IPO generated gross proceeds of $100,000,000.
- Each unit consists of one Class A ordinary share and one right (1/4 Class A share upon business combination).
- A private placement of 210,000 units to the Sponsor generated $2,100,000.
- A total of $100,500,000 from the IPO and private placement was deposited into a trust account.
- Arin Vahanian, Hao Shen, and Joel A. Gallo were appointed to the Board of Directors.