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Plutonian Acquisition Corp. (PLTN) provides investors and market analysts with centralized access to official news and regulatory disclosures for this Asia-Pacific focused SPAC. Track verified updates on potential business combinations, corporate governance developments, and sector-specific analysis across metaverse technologies, tourism, and e-commerce markets.
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Big Tree Cloud International Group and Plutonian Acquisition Corp. announced the completion of their business combination. The new entity, Big Tree Cloud Holdings, will trade on Nasdaq under the tickers 'DSY' and 'DSYWW' starting June 7, 2024. This move marks a significant milestone for Big Tree Cloud, which has focused on personal care products in China since its inception in 2020. CEO Wenquan Zhu highlighted the benefits of the Nasdaq debut for expanding their product portfolio. Plutonian's CEO, Wei Kwang Ng, expressed optimism about the company's future growth and shareholder value.
Plutonian Acquisition Corp. (NASDAQ: PLTN) announced an addition of $210,000 to its trust account by Big Tree Cloud International Group to extend the deadline for completing a business combination from May 15, 2024, to August 15, 2024.
This extension is facilitated by a promissory note from Plutonian to Big Tree Cloud, which is convertible into shares of common stock at $10.00 per unit. The note bears no interest.
The extension aims to provide additional time to finalize a business combination.