Plum Acquisition Corp, IV (PLMK): debt financing — Plum Acquisition Corp. IV issues up to $1.5M promissory note to sponsor

Plum Acquisition Corp, IV

Up to $1.5M unsecured promissory note issued July 8, 2025 to sponsor Plum Partners IV, LLC.
Note bears no interest; principal due upon consummation of initial business combination.
Sponsor may convert outstanding principal into post-combination shares at $10.00 per share.
If no business combination by charter deadline, repayment obligation is automatically forgiven.
Proceeds to fund working capital; note includes trust account waiver.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Plum Acquisition Corp, IV incurred loan of up to $1,500,000 with Plum Partners IV, LLC (the Sponsor) at does not bear interest maturing the date on which the Company consummates its initial business combination.

Instrument: loan
Principal: up to $1,500,000
Counterparty: Plum Partners IV, LLC (the Sponsor)
Rate: does not bear interest
Maturity: the date on which the Company consummates its initial business combination
Event: incurrence

Exact text from the filing

On July 8, 2025, Plum Acquisition Corp. IV (the “Company”) issued an unsecured promissory note (the “Note”) in the principal amount of up to $1,500,000 to Plum Partners IV, LLC (the “Sponsor”), the Company’s sponsor, which may be drawn down from time to time prior to the Maturity Date (as defined below) upon request by the Company. The Note does not bear interest and the principal balance will be payable on the date on which the Company consummates its initial business combination (the “Business Combination,” and such date, the “Maturity Date”).

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Source: SEC EDGAR

accession 0001213900-25-063705

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