Plum Acquisition Corp. IV Announces Pricing of $150 Million Initial Public Offering
Plum Acquisition Corp. IV has announced the pricing of its initial public offering (IPO) of 15,000,000 units at $10.00 per unit on January 14, 2025. The units will trade on the Nasdaq Global Market under symbol 'PLMKU' starting January 15, 2025.
Each unit comprises one Class A ordinary share and one-half redeemable warrant. Each whole warrant allows purchase of one Class A ordinary share at $11.50 per share. Upon separate trading, shares and warrants will trade under 'PLMK' and 'PLMKW' respectively.
The company aims to pursue business combinations across any sector, leveraging management's expertise and relationships. Cohen & Company Capital Markets leads the offering, with Seaport Global Securities as joint book-runner. Underwriters have a 45-day option to purchase up to 2,250,000 additional units for over-allotments.
Plum Acquisition Corp. IV ha annunciato il prezzo della sua offerta pubblica iniziale (IPO) di 15.000.000 unit脿 a $10,00 per unit脿 il 14 gennaio 2025. Le unit脿 saranno scambiate sul Nasdaq Global Market con il simbolo 'PLMKU' a partire dal 15 gennaio 2025.
Ogni unit脿 猫 composta da un'azione ordinaria di Classe A e da met脿 di un warrant redimibile. Ogni warrant intero consente l'acquisto di un'azione ordinaria di Classe A a $11,50 per azione. Dopo il trading separato, le azioni e i warrant verranno scambiati rispettivamente con 'PLMK' e 'PLMKW'.
L'azienda mira a perseguire combinazioni aziendali in qualsiasi settore, sfruttando l'esperienza e le relazioni della direzione. Cohen & Company Capital Markets guida l'offerta, con Seaport Global Securities come co-bookrunner. Gli underwriter hanno un'opzione di 45 giorni per acquistare fino a 2.250.000 ulteriori unit脿 per coprire eventuali sovrallocazioni.
Plum Acquisition Corp. IV ha anunciado el precio de su oferta p煤blica inicial (IPO) de 15.000.000 unidades a $10.00 por unidad el 14 de enero de 2025. Las unidades se negociar谩n en el Nasdaq Global Market bajo el s铆mbolo 'PLMKU' a partir del 15 de enero de 2025.
Cada unidad consta de una acci贸n ordinaria de Clase A y media garant铆a redimible. Cada garant铆a entera permite la compra de una acci贸n ordinaria de Clase A a $11.50 por acci贸n. Tras la negociaci贸n separada, las acciones y las garant铆as se negociar谩n bajo 'PLMK' y 'PLMKW', respectivamente.
La empresa tiene como objetivo realizar combinaciones empresariales en cualquier sector, aprovechando la experiencia y las relaciones de la direcci贸n. Cohen & Company Capital Markets lidera la oferta, con Seaport Global Securities como co-l铆der de libro. Los suscriptores tienen una opci贸n de 45 d铆as para comprar hasta 2.250.000 unidades adicionales para sobreasignaciones.
Plum Acquisition Corp. IV電 2025雲 1鞗 14鞚检棎 15,000,000臧滌潣 雼渼鞚 靸侅灔 瓿惦(IPO) 臧瓴╈潉 雼渼雼 $10.00鞙茧 氚滍憸頄堨姷雼堧嫟. 鞚 雼渼電 2025雲 1鞗 15鞚茧秬韯 Nasdaq Global Market鞐愳劀 'PLMKU' 旮绊樃搿 瓯半灅霅╇媹雼.
臧 雼渼電 頃橂倶鞚 韥措灅鞀 A 氤错喌欤检檧 氚橁皽鞚 頇橂Г 臧電 鞗岆煱韸鸽 甑劚霅╇媹雼. 鞝勳泊 鞗岆煱韸鸽姅 韥措灅鞀 A 氤错喌欤茧ゼ 欤茧嫻 $11.50鞐 甑Г頃 靾 鞛堦矊 項堨毄頃╇媹雼. 氤勲弰鞚 瓯半灅 頉, 欤检嫕瓿 鞗岆煱韸鸽姅 臧侁皝 'PLMK'鞕 'PLMKW'搿 瓯半灅霅╇媹雼.
須岇偓電 瓴届榿歆勳潣 鞝勲靹标臣 甏瓿勲ゼ 頇滌毄頃橃棳 氇摖 攵氍胳棎靹 牍勳雼堨姢 臁绊暕鞚 於旉惮頃 瓿勴殟鞛呺媹雼. Cohen & Company Capital Markets臧 鞚措矆 瓿惦毳 欤茧弰頃橂┌, Seaport Global Securities臧 瓿惦彊 欤缄磤鞚 毵￡碃 鞛堨姷雼堧嫟. 鞚胳垬鞚胳潃 齑堦臣 氚办爼鞚 鞙勴暣 45鞚 霃欖晥 斓滊寑 2,250,000臧滌潣 於旉皜 雼渼毳 甑Г頃 靾 鞛堧姅 鞓奠厴鞚 鞛堨姷雼堧嫟.
Plum Acquisition Corp. IV a annonc茅 le prix de son offre publique initiale (IPO) de 15.000.000 d'unit茅s 脿 10,00 $ par unit茅, le 14 janvier 2025. Les unit茅s commenceront 脿 锚tre n茅goci茅es sur le Nasdaq Global Market sous le symbole 'PLMKU' 脿 partir du 15 janvier 2025.
Chaque unit茅 se compose d'une action ordinaire de Classe A et d'une demi-garantie remboursable. Chaque garantie enti猫re permet l'achat d'une action ordinaire de Classe A 脿 11,50 $ par action. Lors d'une n茅gociation s茅par茅e, les actions et les garanties seront n茅goci茅es respectivement sous 'PLMK' et 'PLMKW'.
L'entreprise vise 脿 poursuivre des combinaisons commerciales dans tous les secteurs, en s'appuyant sur l'expertise et les relations de sa direction. Cohen & Company Capital Markets dirige l'offre, avec Seaport Global Securities en tant que co-leader. Les souscripteurs disposent d'une option de 45 jours pour acheter jusqu'脿 2.250.000 unit茅s suppl茅mentaires pour les surallocations.
Plum Acquisition Corp. IV hat den Preis f眉r ihr Initial Public Offering (IPO) von 15.000.000 Einheiten zu je 10,00 $ am 14. Januar 2025 bekannt gegeben. Die Einheiten werden ab dem 15. Januar 2025 unter dem Symbol 'PLMKU' an der Nasdaq Global Market gehandelt.
Jede Einheit besteht aus einer Stammaktie der Klasse A und einem halben r眉ckkaufbaren Warrant. Jeder ganze Warrant erm枚glicht den Erwerb einer Stammaktie der Klasse A zu 11,50 $ pro Aktie. Nach dem separaten Handel werden die Aktien und Warrants unter 'PLMK' bzw. 'PLMKW' gehandelt.
Das Unternehmen beabsichtigt, Unternehmenszusammenschl眉sse in allen Sektoren anstreben, indem es die Fachkenntnisse und Beziehungen des Managements nutzt. Cohen & Company Capital Markets f眉hrt das Angebot, w盲hrend Seaport Global Securities als Mitbuchf眉hrer fungiert. Die Underwriter haben die Option, innerhalb von 45 Tagen bis zu 2.250.000 zus盲tzliche Einheiten f眉r 脺berplatzierungen zu erwerben.
- IPO raising $150 million through 15 million units
- Listing on major exchange (Nasdaq Global Market)
- Underwriter over-allotment option could add $22.5 million in proceeds
- Blank check company with no current business operations
- No specific target industry identified for acquisition
- Warrant exercise price ($11.50) represents 15% premium to unit price
Insights
The launch of Plum Acquisition Corp. IV's
The unit structure, combining one Class A share with half a warrant, provides investors with both immediate equity exposure and leveraged upside potential. The 45-day over-allotment option suggests confidence in market demand. Cohen & Company's involvement as lead book-runner adds credibility, given their track record in SPAC offerings.
For investors, key considerations include: 1) The management team's ability to identify attractive targets in an increasingly competitive SPAC market, 2) The broad sector focus which provides flexibility but may also signal less specialized expertise and 3) The standard
This SPAC IPO emerges during a period of evolving market dynamics for blank-check companies. The
The timing of this offering is strategic, capitalizing on renewed interest in alternative investment vehicles. While the SPAC market has seen fluctuating enthusiasm, this offering's conventional structure and pricing indicates a measured approach to market conditions. The dual book-runner arrangement between Cohen & Company and Seaport Global provides broader distribution channels and institutional access.
Market participants should monitor: 1) Initial trading performance when units begin trading on Nasdaq, 2) The pace of capital deployment given the typical 18-24 month acquisition window and 3) Potential target sectors based on management's background and market opportunities.
NEW YORK, NY, Jan. 14, 2025 (GLOBE NEWSWIRE) -- Plum Acquisition Corp. IV (the 鈥Company鈥) announced the pricing of its initial public offering of 15,000,000 units at a price of
The Company was formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. The Company may pursue an initial business combination opportunity in any industry or sector but intends to capitalize on the ability of its management team to identify, acquire and operate a business or businesses that can benefit from its management team鈥檚 established global relationships, sector expertise and active management and operating experience.
Cohen & Company Capital Markets, a division of J.V.B. Financial Group, LLC, is acting as lead book-running manager, and Seaport Global Securities is acting as joint book-runner. The Company has granted the underwriters a 45-day option to purchase up to 2,250,000 additional units at the initial public offering price to cover over-allotments, if any.
The public offering is being made only by means of a prospectus. When available, copies of the prospectus relating to the offering may be obtained from Cohen & Company Capital Markets, 3 Columbus Circle, 24th Floor, New York, NY 10019, Attention: Prospectus Department, or by email at: .
A registration statement relating to the securities became effective on January 14, 2025. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
Forward-Looking Statements
This press release contains statements that constitute 鈥渇orward-looking statements,鈥 including with respect to the proposed initial public offering and the anticipated use of the net proceeds from the offering. No assurance can be given that the offering discussed above will be completed on the terms described, or at all, or that the Company will ultimately complete a business combination transaction. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Company鈥檚 registration statement and preliminary prospectus for the Company鈥檚 offering filed with the U.S. Securities and Exchange Commission (the 鈥SEC鈥). Copies of these documents are available on the SEC鈥檚 website, at . The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.
Contact
Kanishka Roy
Plum Acquisition Corp.聽IV聽
Email:
Website:
FAQ
What is the IPO price and size of Plum Acquisition Corp. IV (PLMKU)?
When will PLMKU begin trading on Nasdaq?
What do PLMKU units consist of?
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