M&A
confidence high
sentiment positive
materiality 0.80
Plum IV (PLMK) to merge with Controlled Thermal Resources at ~$4.7B enterprise value
Plum Acquisition Corp, IV
- CTR valued at ~$4.7B pro forma enterprise value; combined entity to list on Nasdaq as 'CTRH'.
- Hell’s Kitchen Project targets 650 MW geothermal power and 100K tonnes Li/yr at full buildout.
- Stage 1 construction includes 50 MW power and 25K tonnes lithium capacity; $185M equipment staged.
- CTR raised >$285M private capital; Conditional Use Permit and FAST-41 federal coordination secured.
- Transaction expected to close H2 2026; subject to Plum IV shareholder and regulatory approvals.