Plum Acquisition Corp. IV Announces the Separate Trading of Its Class A Ordinary Shares and Warrants, Commencing on January 31, 2025
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 (Nasdaq: PLMKU) ha annunciato che a partire dal 31 gennaio 2025, i possessori delle unità della sua offerta pubblica iniziale possono negoziare separatamente le azioni ordinarie di Classe A e i warrant. Le azioni ordinarie e i warrant verranno scambiati su Nasdaq con i simboli PLMK e PLMKW rispettivamente, mentre le unità non separate continueranno a essere scambiate come PLMKU.
La società è una società di acquisizione per scopo speciale (SPAC) costituita per effettuare una combinazione aziendale, potenzialmente in qualsiasi settore. I possessori di unità devono contattare la Continental Stock Transfer & Trust Company per separare le loro unità. L'offerta iniziale è stata sottoscritta da Cohen & Company Capital Markets come principale gestore di book-running, con Seaport Global Securities come gestore joint book runner.
Plum Acquisition Corp. IV (Nasdaq: PLMKU) anunció que a partir del 31 de enero de 2025, los titulares de unidades de su oferta pública inicial pueden negociar por separado acciones ordinarias Clase A y warrants. Las acciones ordinarias y los warrants se negociarán en Nasdaq bajo los símbolos PLMK y PLMKW respectivamente, mientras que las unidades no separadas continuarán negociándose como PLMKU.
La compañía es una empresa de adquisición de propósito especial (SPAC) formada para llevar a cabo una combinación empresarial, potencialmente en cualquier industria. Los titulares de unidades deben contactar a Continental Stock Transfer & Trust Company para separar sus unidades. La oferta inicial fue suscrita por Cohen & Company Capital Markets como el gerente principal de book-running, con Seaport Global Securities como gerente conjunto de book runner.
Plum Acquisition Corp. IV (Nasdaq: PLMKU)는 2025년 1월 31일부터 초기 공개 모집에서 발행된 단위의 보유자가 클래스 A 보통 주식과 보증서를 따로 거래할 수 있다고 발표했습니다. 보통 주식과 보증서는 각각 PLMK 및 PLMKW 기호로 Nasdaq에서 거래될 예정이며, 분리되지 않은 단위는 PLMKU로 계속 거래됩니다.
회사는 어떤 산업에서도 사업 결합을 수행하기 위해 설립된 특수 목적 인수 회사(SPAC)입니다. 단위 보유자는 단위를 분리하기 위해 Continental Stock Transfer & Trust Company에 연락해야 합니다. 초기 공모는 Cohen & Company Capital Markets가 리드 북런닝 매니저로 참여하고, Seaport Global Securities가 공동 북런너로 참여하여 인수되었습니다.
Plum Acquisition Corp. IV (Nasdaq: PLMKU) a annoncé qu'à partir du 31 janvier 2025, les détenteurs d'unités de son introduction en bourse pourront négocier séparément des actions ordinaires de Classe A et des bons de souscription. Les actions ordinaires et les bons de souscription seront négociés sur Nasdaq sous les symboles PLMK et PLMKW respectivement, tandis que les unités non séparées continueront à se négocier sous PLMKU.
L'entreprise est une société d'acquisition à but spécial (SPAC) formée pour réaliser une combinaison d'entreprises, potentiellement dans n'importe quel secteur. Les détenteurs d'unités doivent contacter la Continental Stock Transfer & Trust Company pour séparer leurs unités. L'offre initiale a été souscrite par Cohen & Company Capital Markets en tant que principal gestionnaire de livre, avec Seaport Global Securities en tant que gestionnaire de livre conjoint.
Plum Acquisition Corp. IV (Nasdaq: PLMKU) gab bekannt, dass die Inhaber von Einheiten aus ihrem Börsengang ab dem 31. Januar 2025 die Class A Stammaktien und Warrants getrennt handeln können. Die Stammaktien und die Warrants werden an der Nasdaq unter den Symbolen PLMK und PLMKW gehandelt, während nicht getrennte Einheiten weiterhin als PLMKU gehandelt werden.
Das Unternehmen ist eine Special Purpose Acquisition Company (SPAC), die gegründet wurde, um eine Unternehmenszusammenschluss durchzuführen, potenziell in jeder Branche. Einheitinhaber müssen die Continental Stock Transfer & Trust Company kontaktieren, um ihre Einheiten zu trennen. Das ursprüngliche Angebot wurde von Cohen & Company Capital Markets als Lead Book-Running Manager und von Seaport Global Securities als Joint Book Runner unterzeichnet.
- Increased trading flexibility for investors through unit separation option
- Successfully completed IPO and secured Nasdaq listing
- None.
Insights
This announcement marks a significant technical milestone for Plum Acquisition Corp. IV as it transitions to the next phase of its SPAC lifecycle. The separation of units into individual shares and warrants, commencing January 31, creates important trading dynamics that sophisticated investors should understand:
The ability to trade components separately offers enhanced flexibility for different investment strategies:
- Arbitrage opportunities may emerge between the unit price and the combined value of shares and warrants
- Risk-averse investors can sell warrants while maintaining share positions
- Speculative traders can focus on warrants for leveraged exposure
The requirement for whole warrant trading (no fractional warrants) is designed to maintain orderly markets, though it may impact smaller retail investors' trading strategies. Notably, unit holders must proactively contact their brokers to initiate separation - this isn't automatic.
This development typically occurs 52 days post-IPO, suggesting the SPAC is progressing according to standard timelines. While this is a procedural step rather than a fundamental change, it often precedes increased trading activity as investors optimize their positions based on their risk preferences and market views.
NEW YORK, NY, Jan. 29, 2025 (GLOBE NEWSWIRE) -- Plum Acquisition Corp. IV. (Nasdaq: PLMKU) (the “Company”) today announced that, commencing on January 31, 2025, holders of the units (the “Units”) sold in the Company’s initial public offering may elect to separately trade the Company’s Class A ordinary shares (the “Ordinary Shares”) and warrants (the “Warrants”) included in the Units.
The Ordinary Shares and Warrants received from the separated Units will trade on the Nasdaq Global Market (“Nasdaq”) under the symbols “PLMK” and “PLMKW”, respectively. Units that are not separated will continue to trade on Nasdaq under the symbol “PLMKU”. No fractional Warrants will be issued upon separation of the Units and only whole Warrants will trade. Holders of Units will need to have their brokers contact Continental Stock Transfer & Trust Company, the Company’s transfer agent, in order to separate the Units into Ordinary Shares and Warrants.
The Company was formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. The Company may pursue an initial business combination opportunity in any industry or sector but intends to capitalize on the ability of its management team to identify, acquire and operate a business or businesses that can benefit from its management team’s established global relationships, sector expertise and active management and operating experience.
The Units were initially offered by the Company in an underwritten offering. Cohen & Company Capital Markets, a division of J.V.B. Financial Group, LLC, acted as lead book-running manager, and Seaport Global Securities acted as joint book runner. Copies of the prospectus relating to the offering may be obtained from Cohen & Company Capital Markets, 3 Columbus Circle, 24th Floor, New York, NY 10019, Attention: Prospectus Department, or by email at: capitalmarkets@cohencm.com.
The registration statement relating to the securities of the Company was declared effective by the U.S. Securities and Exchange Commission (the “SEC”) on January 14, 2025. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
Forward Looking Statements
This press release contains statements that constitute “forward-looking statements” that involve risks and uncertainties. Forward-looking statements are statements that are not historical facts. Forward-looking statements are subject to numerous risks and uncertainties, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Company’s registration statement and final prospectus for the Company’s initial public offering filed with the SEC, which could cause actual results to differ from forward-looking statements. Copies of these documents are available on the SEC’s website, at www.sec.gov. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law. No assurance can be given that the Company will ultimately complete a business combination transaction.
Contact
Kanishka Roy
Plum Acquisition Corp. IV
Email: plumir@icrinc.com
Website: https://plumpartners.com
FAQ
When will Plum Acquisition Corp. IV (PLMKU) units begin trading separately?
What are the new trading symbols for Plum Acquisition Corp. IV's separated securities?
How can PLMKU unit holders separate their units into shares and warrants?
Will fractional warrants be issued when separating PLMKU units?
What is the business purpose of Plum Acquisition Corp. IV (PLMKU)?
