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.