Plum Acquisition Corp, IV

Plum Acquisition Corp. IV has called an extraordinary general meeting for July 10, 2026, to vote on extending the deadline for its initial business combination to January 16, 2027, with potential further extensions to July 16, 2027. The company and its Sponsor plan to enter into non-redemption agreements with unaffiliated shareholders, offering Class B shares as an incentive to retain funds in the trust account. Additionally, the Sponsor and initial shareholders intend to convert their Class B ordinary shares into Class A ordinary shares on a one-to-one basis.

Plum Acquisition Corp. IV has postponed its extraordinary general meeting from July 2, 2026, to July 10, 2026, to allow additional time for shareholder engagement. The meeting is intended to approve an amendment extending the deadline for the company's initial business combination to January 16, 2027. As a result of this postponement, the deadline for redemption requests has also been extended from June 30, 2026, to July 8, 2026.

Plum Acquisition Corp. IV (PLMK) has filed a definitive proxy statement seeking shareholder approval for an extension of its deadline to complete a business combination. The company proposes to extend the deadline from July 16, 2026, to January 16, 2027, with the possibility of further monthly extensions up to July 16, 2027. This extension is intended to provide additional time to finalize a business combination with Controlled Thermal Resources Holdings Inc. (CTR). Shareholders will have the option to redeem their shares at approximately $10.67 per share if the extension is approved.

Plum Acquisition Corp. IV, Plum IV Merger Sub, Inc., and Controlled Thermal Resources Holdings Inc. entered into an amendment to their Business Combination Agreement on May 15, 2026. This amendment extends several key deadlines for the ongoing merger process. The extensions cover the delivery of financial statements, pro forma financial information, antitrust law filings, and certain material consents, aiming to facilitate the completion of the transactions.

Plum Acquisition Corp. IV announced a definitive business combination agreement with Controlled Thermal Resources Holdings Inc. (CTR) on March 8, 2026. The transaction will involve Plum Acquisition Corp. IV domesticating to Delaware and then merging with CTR, with CTR continuing as the surviving entity. For the first quarter of 2026, the company reported a net income of $1,199,134, a slight increase from the prior year, while investments in the Trust Account grew to $182.7 million.