Alpha Partners Technology Merger Corp. shareholders approve extension to July 2024; ~$140.8M redeemed

Plum Acquisition Corp. III

Shareholders approved extending business combination deadline from July 30, 2023 to July 30, 2024.
Also approved founder share conversion (one-for-one) pre-combination and removal of $5,000,001 net tangible asset redemption limit.
13,532,591 Class A shares redeemed at ~$10.41/share, aggregate ~$140.8M; trust remaining ~$153.2M.
Sponsor committed $1.5M extension loan facility to fund monthly payments to extend.

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

Plum Acquisition Corp. III: Amended charter to extend business combination deadline, allow founder share conversion, and eliminate minimum net tangible assets redemption limit (effective 2023-07-28).

Change: charter amendment
Effective: 2023-07-28

Exact text from the filing

The Company filed the Charter Amendment with the Registrar of Companies in the Cayman Islands on July 28, 2023.

View on SEC.gov

Shareholder Votes SEC 8-K Item 5.07 confidence 0.9

Plum Acquisition Corp. III shareholders approved The Founder Share Amendment Proposal - to amend the Company’s Charter to provide for the right of a holder of Class B ordinary shares to convert such shares into Class A ordinary shares on a one-for-one basis.

Proposal: charter amendment
Outcome: passed

Exact text from the filing

Proposal No. 2 - The Founder Share Amendment Proposal - as a special resolution, to amend the Company’s Charter to provide for the right of a holder of Class B ordinary shares of the Company to convert such Class B ordinary shares into Class A ordinary shares on a one-for-one basis prior to the closing of a business combination at the election of the holder. For Against Abstain 25,640,380 1,373,342 18,816

View on SEC.gov

Shareholder Votes SEC 8-K Item 5.07 confidence 0.9

Plum Acquisition Corp. III shareholders approved The Extension Proposal - to amend the Company’s Charter to extend the date by which the Company must consummate a business combination at the 2023-07-30 meeting.

Proposal: charter amendment
Outcome: passed
Meeting: 2023-07-30

Exact text from the filing

Proposal No. 1 - The Extension Proposal - as a special resolution, to amend the Company’s Charter to extend the date by which the Company must (1) consummate a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination, which we refer to as our initial business combination, (2) cease its operations except for the purpose of winding up if it fails to complete such initial business combination, and (3) redeem all of the Class A ordinary shares, included as part of the units sold in the Company’s initial public offering if it fails to complete such initial business combination, for up to an additional twelve (12) months, from July 30, 2023 to up to July 30, 2024, or such earlier date as determined by the Company’s board of directors. For Against Abstain 25,393,381 1,620,342 18,815

View on SEC.gov

Shareholder Votes SEC 8-K Item 5.07 confidence 0.9

Plum Acquisition Corp. III shareholders approved Redemption Limitation Proposal - to amend the Company’s Charter to eliminate the limitation that the Company shall not redeem its Public Shares to the extent that such redemption would cause the Company’s net tangible assets to be less than the Redemption Limit.

Proposal: charter amendment
Outcome: passed

Exact text from the filing

Proposal No. 4 - Redemption Limitation Proposal - as a special resolution to amend the Company’s Charter to eliminate the limitation that the Company shall not redeem its Public Shares to the extent that such redemption would cause the Company’s net tangible assets to be less than the Redemption Limit. The Redemption Limitation Proposal would allow the Company to redeem its Public Shares irrespective of whether such redemption would exceed the Redemption Limit. For Against Abstain 26,643,381 370,342 18,815

View on SEC.gov

59 governance changes filed in the last 30 days. Browse all governance changes →

Plum Acquisition Corp. III filing history →

Source: SEC EDGAR

accession 0000950103-23-011005

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.