--- schema_version: "secwatch.filing_event.v1" accession: "0001213900-24-001539" form_type: "8-K" ticker: "PLMJF" cik: "0001845550" company_name: "Plum Acquisition Corp. III" filed_at: "2024-01-05T23:59:59+00:00" generated_at: "2026-06-07T03:24:46.007365+00:00" event_type: "other_material" sentiment: "neutral" materiality_score: 0.75 calibrated_materiality_score: 0.75 confidence: "high" source: SEC EDGAR --- # Mercury Capital gains control of SPAC Alpha Partners; new management team appointed ## Summary - Mercury Capital purchased 3,902,648 founder units from sponsor Alpha Partners for $1, acquiring ~55% of Class B shares and control. - Former directors and officers (CEO Matt Krna, CFO Sean O'Brien) resigned Dec 28, 2023. - New directors Michael Dinsdale, Alan Black, David Sable appointed Jan 2; Kanishka Roy appointed CEO/President/Secretary/Treasurer Jan 3. - Mercury Capital and Palmeira Investment entered subscription agreement for up to $1.5M to fund extension payments and working capital. - Sponsor agreed to pay $112,500 in extension contributions for Dec 2023 and Jan 2024; Mercury Capital funds same amounts. ## SEC filing metadata - accession: 0001213900-24-001539 - form_type: 8-K - ticker: PLMJF - cik: 0001845550 - company_name: Plum Acquisition Corp. III - filed_at: 2024-01-05T23:59:59+00:00 - event_type: other_material - sentiment: neutral - materiality_score: 0.75 - calibrated_materiality_score: 0.75 - confidence: high - sec_items: 1.01, 3.02, 5.01, 5.02, 9.01 - EDGAR index: https://www.sec.gov/Archives/edgar/data/1845550/000121390024001539/0001213900-24-001539-index.htm - EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1845550/000121390024001539/ea191244-8k_alphapart.htm ## Machine-readable alternates - HTML: https://secwatch.observer/filing/0001213900-24-001539 - JSON: https://secwatch.observer/filing/0001213900-24-001539.json - Plain text: https://secwatch.observer/filing/0001213900-24-001539.txt ## Key facts - Executive change Tracy R. Wolstencroft resigned as member of the Board at Plum Acquisition Corp. III. - Action: resigned - Role: member of the Board source text: On December 28, 2023, Michael D. Ryan, Steve Brotman, Scott Grimes, John Rice, Marcie Vu and Tracy R. Wolstencroft resigned as members of the Board, and Matt Krna and Sean O’Brien resigned from their respective positions of Chief Executive Officer and Chief Financial Officer of the Company. evidence_url: https://www.sec.gov/Archives/edgar/data/1845550/000121390024001539/0001213900-24-001539-index.htm - Executive change Sean O'Brien resigned as Chief Financial Officer at Plum Acquisition Corp. III. - Action: resigned - Role: Chief Financial Officer source text: On December 28, 2023, Michael D. Ryan, Steve Brotman, Scott Grimes, John Rice, Marcie Vu and Tracy R. Wolstencroft resigned as members of the Board, and Matt Krna and Sean O’Brien resigned from their respective positions of Chief Executive Officer and Chief Financial Officer of the Company. evidence_url: https://www.sec.gov/Archives/edgar/data/1845550/000121390024001539/0001213900-24-001539-index.htm - Executive change Matt Krna resigned as Chief Executive Officer at Plum Acquisition Corp. III. - Action: resigned - Role: Chief Executive Officer source text: On December 28, 2023, Michael D. Ryan, Steve Brotman, Scott Grimes, John Rice, Marcie Vu and Tracy R. Wolstencroft resigned as members of the Board, and Matt Krna and Sean O’Brien resigned from their respective positions of Chief Executive Officer and Chief Financial Officer of the Company. evidence_url: https://www.sec.gov/Archives/edgar/data/1845550/000121390024001539/0001213900-24-001539-index.htm - Executive change Scott Grimes resigned as member of the Board at Plum Acquisition Corp. III. - Action: resigned - Role: member of the Board source text: On December 28, 2023, Michael D. Ryan, Steve Brotman, Scott Grimes, John Rice, Marcie Vu and Tracy R. Wolstencroft resigned as members of the Board, and Matt Krna and Sean O’Brien resigned from their respective positions of Chief Executive Officer and Chief Financial Officer of the Company. evidence_url: https://www.sec.gov/Archives/edgar/data/1845550/000121390024001539/0001213900-24-001539-index.htm - Executive change Michael D. Ryan resigned as member of the Board at Plum Acquisition Corp. III. - Action: resigned - Role: member of the Board source text: On December 28, 2023, Michael D. Ryan, Steve Brotman, Scott Grimes, John Rice, Marcie Vu and Tracy R. Wolstencroft resigned as members of the Board, and Matt Krna and Sean O’Brien resigned from their respective positions of Chief Executive Officer and Chief Financial Officer of the Company. evidence_url: https://www.sec.gov/Archives/edgar/data/1845550/000121390024001539/0001213900-24-001539-index.htm - Executive change Kanishka Roy was appointed as President, Chief Executive Officer, Secretary and Treasurer at Plum Acquisition Corp. III. - Action: appointed - Role: President, Chief Executive Officer, Secretary and Treasurer source text: On January 3, 2024, the Board appointed Kanishka Roy as President, Chief Executive Officer, Secretary and Treasurer of the Company. evidence_url: https://www.sec.gov/Archives/edgar/data/1845550/000121390024001539/0001213900-24-001539-index.htm - Executive change Michael Dinsdale was appointed as member of the Board at Plum Acquisition Corp. III. - Action: appointed - Role: member of the Board source text: On January 2, 2024, the holders of the Company’s Class B ordinary shares appointed Michael Dinsdale, Alan Black and David Sable to the Board of the Company. evidence_url: https://www.sec.gov/Archives/edgar/data/1845550/000121390024001539/0001213900-24-001539-index.htm - Executive change Steve Brotman resigned as member of the Board at Plum Acquisition Corp. III. - Action: resigned - Role: member of the Board source text: On December 28, 2023, Michael D. Ryan, Steve Brotman, Scott Grimes, John Rice, Marcie Vu and Tracy R. Wolstencroft resigned as members of the Board, and Matt Krna and Sean O’Brien resigned from their respective positions of Chief Executive Officer and Chief Financial Officer of the Company. evidence_url: https://www.sec.gov/Archives/edgar/data/1845550/000121390024001539/0001213900-24-001539-index.htm - Executive change Marcie Vu resigned as member of the Board at Plum Acquisition Corp. III. - Action: resigned - Role: member of the Board source text: On December 28, 2023, Michael D. Ryan, Steve Brotman, Scott Grimes, John Rice, Marcie Vu and Tracy R. Wolstencroft resigned as members of the Board, and Matt Krna and Sean O’Brien resigned from their respective positions of Chief Executive Officer and Chief Financial Officer of the Company. evidence_url: https://www.sec.gov/Archives/edgar/data/1845550/000121390024001539/0001213900-24-001539-index.htm - Executive change David Sable was appointed as member of the Board at Plum Acquisition Corp. III. - Action: appointed - Role: member of the Board source text: On January 2, 2024, the holders of the Company’s Class B ordinary shares appointed Michael Dinsdale, Alan Black and David Sable to the Board of the Company. evidence_url: https://www.sec.gov/Archives/edgar/data/1845550/000121390024001539/0001213900-24-001539-index.htm - Executive change John Rice resigned as member of the Board at Plum Acquisition Corp. III. - Action: resigned - Role: member of the Board source text: On December 28, 2023, Michael D. Ryan, Steve Brotman, Scott Grimes, John Rice, Marcie Vu and Tracy R. Wolstencroft resigned as members of the Board, and Matt Krna and Sean O’Brien resigned from their respective positions of Chief Executive Officer and Chief Financial Officer of the Company. evidence_url: https://www.sec.gov/Archives/edgar/data/1845550/000121390024001539/0001213900-24-001539-index.htm - Executive change Alan Black was appointed as member of the Board at Plum Acquisition Corp. III. - Action: appointed - Role: member of the Board source text: On January 2, 2024, the holders of the Company’s Class B ordinary shares appointed Michael Dinsdale, Alan Black and David Sable to the Board of the Company. evidence_url: https://www.sec.gov/Archives/edgar/data/1845550/000121390024001539/0001213900-24-001539-index.htm - M&A Transactions Plum Acquisition Corp. III underwent a change of control involving Mercury Capital, LLC (closed 2023-12-28). - Action: change of control - Counterparty: Mercury Capital, LLC - Closing: 2023-12-28 source text: Following the Closing, Mercury Capital beneficially owns approximately 55% of the Company's outstanding Class B shares, has the power to appoint all members of the Board other than the representative designated by the Investor, and may therefore be deemed to control the Company. evidence_url: https://www.sec.gov/Archives/edgar/data/1845550/000121390024001539/0001213900-24-001539-index.htm - Material Agreements Plum Acquisition Corp. III entered into Purchase Agreement with Alpha Partners Technology Merger Sponsor LLC and Mercury Capital, LLC (effective 2023-12-27). - Action: entry - Agreement: equity purchase - Counterparty: Alpha Partners Technology Merger Sponsor LLC and Mercury Capital, LLC - Effective: 2023-12-27 source text: On December 27, 2023, Alpha Partners Technology Merger Corp. (the “Company”), Alpha Partners Technology Merger Sponsor LLC (“Alpha Partners Sponsor”) and Mercury Capital, LLC (“Mercury Capital”) entered into a purchase agreement (the “Purchase Agreement”), pursuant to which, at a closing on December 28, 2023 (the “Closing”), Mercury Capital (i) purchased 3,902,648 founder units of the Company from Alpha Partners Sponsor evidence_url: https://www.sec.gov/Archives/edgar/data/1845550/000121390024001539/0001213900-24-001539-index.htm - Material Agreements Plum Acquisition Corp. III entered into Subscription Agreement with Palmeira Investment Limited (the “Investor”) valued at $1,500,000 (effective 2024-01-03). - Action: entry - Agreement: credit facility - Counterparty: Palmeira Investment Limited (the “Investor”) - Value: $1,500,000 - Effective: 2024-01-03 source text: On January 3, 2024, the Company, Mercury Capital and Palmeira Investment Limited (the “Investor”) entered into a subscription agreement (the “Subscription Agreement”), pursuant to which Mercury Capital may raise up to $1,500,000 from the Investor evidence_url: https://www.sec.gov/Archives/edgar/data/1845550/000121390024001539/0001213900-24-001539-index.htm This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.