M&A
confidence high
sentiment neutral
materiality 0.75
Plum Acquisition Corp. III signs definitive agreement to acquire Tactical Resources Corp.
Plum Acquisition Corp. III
- Business Combination Agreement with Tactical Resources; expected close Q4 2024.
- SPAC shares exchanged for Pubco common shares; Tactical shareholders receive Pubco shares at exchange ratio.
- Termination fee of $2M plus up to $2.5M expenses payable by either party under certain conditions.
- Sponsor waives redemption and anti-dilution rights; transfers incentive units to PIPE investors.
- Domestication from Cayman to British Columbia followed by amalgamation with Pubco and Tactical.