Plum Acquisition Corp. IV closes IPO raising $172.5M, total trust $174.2M

Plum Acquisition Corp, IV

IPO of 17,250,000 units at $10.00/unit, including full over-allotment; gross proceeds $172.5M.
Private placement of 672,875 units and 570,000 restricted shares grossed $6.73M from sponsor and underwriters.
Net proceeds of $174,225,000 placed in trust account; per-share redemption value $10.10.
Balance sheet as of Jan 16, 2025: total assets $175.3M, trust $174.2M, shareholders' deficit ($6.0M).
Company has 18 months from IPO to complete initial business combination.

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