Plum Acquisition Corp. IV filed a Form 8-K to disclose a joint press release with Controlled Thermal Resources Holdings Inc. announcing that CTR entered into agreements with strategic investors to strengthen its capital structure ahead of their proposed business combination. Approximately $205 million of existing convertible debt is expected to convert to equity at closing, with an additional approximately $40 million converting into a new planned PIPE financing. The combined company will operate as Controlled Thermal Resources and list on Nasdaq under the ticker CTRH in the fourth quarter of 2026. Plum Acquisition Corp. IV operates as a special purpose acquisition company focused on identifying companies for public-market transactions.
