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Plum Acquisition Corp. IV gets Nasdaq notice over 400-holder listing rule breach
Nasdaq notice dated Oct 7, 2026 says Plum fails Listing Rule 5450(a)(2), which requires at least 400 total holders for Global Market listing.
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Plum Acquisition Corp. IV director Aidin Aghamiri resigns from board effective October 6, 2026
Aidin Aghamiri notified Plum Acquisition Corp. IV of his resignation as a member of the board of directors, effective immediately, on October 6, 2026.
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Plum IV and CTR announce agreements to convert ~$205M convertible debt to equity ahead of proposed business combination
CTR's outstanding convertible notes expected to total about $245M at closing; ~$205M expected to convert to equity and ~$40M into a new planned PIPE.
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Plum IV updates investor presentation for CTR geothermal-lithium merger; no new deal terms
Updated investor presentation dated Aug 19, 2026 supersedes March 9, 2026 version for proposed business combination with Controlled Thermal Resources.
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Plum Acquisition Corp. IV shareholders approve extension to Jan 2027; ~$145M redeemed
Shareholders approved extension of business combination deadline from July 16, 2026 to January 16, 2027, with option for monthly extensions up to July 16, 2027.
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Plum IV amends SPAC merger with Controlled Thermal Resources: valuation cut to $3.15B, earnout shares reduced to 70M
Valuation reduced from $4.5B to $3.15B; earnout shares cut from 100M to 70M.
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Plum Acquisition IV estimates redemption price ~$10.6973/share for extension vote on July 10, 2026
Trust account balance ~$184.5M as of July 9, 2026; estimated redemption price ~$10.6973 per share.
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Plum Acquisition Corp. IV extends business combination deadline to Jan 2027, enters non-redemption agreements
Extraordinary general meeting set for July 10, 2026 to approve extension of business combination deadline to January 16, 2027 (or up to July 16, 2027 with monthly extensions).
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Plum Acquisition Corp. IV postpones extraordinary general meeting to July 10, 2026 to allow more shareholder engagement
Meeting originally July 2, 2026 postponed to July 10, 2026 at 9:00 a.m. ET.
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Plum Acquisition Corp. IV amends business combination agreement, extends key deadlines
Company financial statements deadline extended to June 15, 2026 (audited) and June 30, 2026 (pro forma).
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Plum IV SPAC signs business combination agreement with Controlled Thermal Resources
Sponsor must fund at least $15M in PIPE investment; $10M bridge note also required prior to close.
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Plum IV (PLMK) to merge with Controlled Thermal Resources at ~$4.7B enterprise value
CTR valued at ~$4.7B pro forma enterprise value; combined entity to list on Nasdaq as 'CTRH'.
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Plum IV and American Critical Resources announce LOI for business combination
Non-binding LOI for SPAC merger with ACR, subsidiary of Controlled Thermal Resources.
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Plum IV and American Critical Resources sign non-binding LOI for business combination
ACR targets up to 100,000 metric tons annual lithium carbonate from Hell's Kitchen project at Salton Sea, CA.
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Plum Acquisition Corp. IV issues up to $1.5M promissory note to sponsor
Up to $1.5M unsecured promissory note issued July 8, 2025 to sponsor Plum Partners IV, LLC.
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Plum Acquisition Corp. IV appoints Aidin Aghamiri as independent director
Aghamiri, 41, appointed effective April 25, 2025; he is an entrepreneur and data center developer for AI workloads.
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Plum Acquisition Corp. IV announces separate trading of Class A shares and warrants starting Jan 31, 2025
Effective Jan 31, 2025, unit holders may elect to separate units into Class A ordinary shares and warrants.
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Plum Acquisition Corp. IV closes IPO raising $172.5M, total trust $174.2M
IPO of 17,250,000 units at $10.00/unit, including full over-allotment; gross proceeds $172.5M.
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Plum Acquisition Corp. IV amends trust agreement to limit interest withdrawals to taxes and dissolution expenses
Trust interest available only for taxes and up to $100,000 in dissolution expenses; no working capital withdrawals.
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Plum Acquisition Corp. IV completes $172.5M IPO, including full over-allotment
IPO of 17,250,000 units at $10.00 each, gross proceeds $172.5M.