Mergers & Acquisitions ·
On July 6, 2026, Plum Acquisition Corp. IV and Controlled Thermal Resources Holdings Inc. entered into a second…
PLMKUPlum Acquisition Corp. IV
On July 6, 2026, Plum Acquisition Corp. IV and Controlled Thermal Resources Holdings Inc. entered into a second amendment to their Business Combination Agreement. Key changes include reducing the merger valuation from $4.5 billion to $3.15 billion and decreasing potential earnout shares from 100 million to 70 million. The amendment extends the closing deadline to April 30, 2027, and the antitrust filing deadline to September 30, 2026. Additionally, the maximum shares issuable to Plum Partners IV, LLC for founder share reimbursement increased from 2 million to 3 million. Plum Acquisition Corp. IV is a special purpose acquisition company (SPAC) designed to effect a business combination.