m_and_a
confidence high
sentiment neutral
materiality 0.60
Plum III amends business combo pact with Tactical Resources; extends deadline to July 2026, adds 6-month lock-up
Plum Acquisition Corp. III
- Extended end date to July 30, 2026; Tactical authorized reverse stock split up to 25:1.
- 80-85% of Arrangement Consideration Shares subject to 6-month lock-up; key holders 100% locked.
- Lock-up releases early if Pubco stock hits $15, $20, or $25 per share thresholds on volume-weighted basis.
- Change of control triggers full release of all locked shares during lock-up period.
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