Plum IV amends SPAC merger with Controlled Thermal Resources: valuation cut to $3.15B, earnout shares reduced to 70M

Plum Acquisition Corp, IV

Valuation reduced from $4.5B to $3.15B; earnout shares cut from 100M to 70M.
Outside date extended to April 30, 2027; antitrust filing deadline extended to Sept 30, 2026.
Non-redemption shares increased from 2M to 3M for holders who agree not to redeem.
Each of eight earnout tranches reduced proportionally from 12.5M to 8.75M shares.
Amendment dated July 6, 2026; parties include Plum IV, Merger Sub, and Controlled Thermal Resources.

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