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Plum Acquisition Corp. IV (Nasdaq: PLMKU) announced that starting January 31, 2025, holders of units from its initial public offering can separately trade Class A ordinary shares and warrants. The ordinary shares and warrants will trade on Nasdaq under symbols PLMK and PLMKW respectively, while unseparated units continue trading as PLMKU.
The company is a special purpose acquisition company (SPAC) formed to effect a business combination, potentially in any industry. Unit holders must contact Continental Stock Transfer & Trust Company to separate their units. The initial offering was underwritten by Cohen & Company Capital Markets as lead book-running manager, with Seaport Global Securities as joint book runner.
Plum Acquisition Corp. IV has announced the pricing of its initial public offering (IPO) of 15,000,000 units at $10.00 per unit on January 14, 2025. The units will trade on the Nasdaq Global Market under symbol 'PLMKU' starting January 15, 2025.
Each unit comprises one Class A ordinary share and one-half redeemable warrant. Each whole warrant allows purchase of one Class A ordinary share at $11.50 per share. Upon separate trading, shares and warrants will trade under 'PLMK' and 'PLMKW' respectively.
The company aims to pursue business combinations across any sector, leveraging management's expertise and relationships. Cohen & Company Capital Markets leads the offering, with Seaport Global Securities as joint book-runner. Underwriters have a 45-day option to purchase up to 2,250,000 additional units for over-allotments.
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