Recent Updates — PLUN

Plutonian Acquisition Corp. II entered into a Business Combination Agreement with NT1 Pty Ltd on September 3, 2026. Under the deal, NT1 shareholders will transfer their shares to Purchaser in exchange for 50,000,000 Purchaser Shares, representing an aggregate consideration of $500,000,000 based on a deemed value of $10.00 per share. Following this acquisition transfer and exchange, Plutonian II will merge with Merger Sub as a wholly owned subsidiary of Purchaser. Each outstanding Plutonian II ordinary share will convert into the right to receive one Purchaser Share. The transaction is subject to customary closing conditions, including shareholder approval, regulatory clearances such as FIRB Approval, and antitrust waiting periods. A $500,000 breakup fee applies if either party materially breaches the agreement. Plutonian Acquisition Corp. II operates in the special purpose acquisition company (SPAC) industry, seeking to merge with a private target company.

On September 3, 2026, Plutonian Acquisition Corp. II announced it entered into an Agreement and Plan of Merger and Business Combination Agreement with NT1 Pty Ltd, an Australian mineral exploration company. The transaction is expected to result in a combined company listed on the New York Stock Exchange, with closing anticipated in 2027 subject to regulatory and shareholder approvals. Under the terms, NT1 shareholders will receive shares valued at USD $10.00 per share for purposes of exchange consideration, representing an estimated enterprise value of NT1 of USD $500 million. Plutonian Acquisition Corp. II is a special purpose acquisition company formed to effect business combinations.