Plum Acquisition Corp. IV
- Market Cap (Float-Adj) (Float-adjusted market cap computed by the low-float screener — matches the screener row. May differ from the standard cap (price × all shares outstanding) reported elsewhere.)
- $113.8M
- Price
- $10.63
- % Change (Daily % change from the live per-ticker quote feed.)
- +0.05%
- Volume
- 228
About
Plum Acquisition Corp. IV functions as a Special Purpose Acquisition Company (SPAC). Its foundational purpose is to achieve an acquisition or corporate combination, encompassing various forms such as a merger, an exchange of shares, an asset procurement, a stock acquisition, or a restructuring, with at least one other business entity. The organization was established on June 10, 2024, and maintains its principal place of business in San Francisco, California.
Quick stats
Shares outstanding10.7M
Computed float9.6M
Float / shares90.1%
Cash runway (months)-3
Key info
SectorFinancial Services
IndustryShell Companies
CIK (Central Index Key — the unique ID the SEC assigns to every filer. Use it to look up the company's filings on EDGAR.)0002030482
Websitehttps://www.plumpartners.com
AI Summary
AI-generated1/4
majorbullishm and a
Controlled Thermal Resources and Plum Acquisition Corp. IV Announce Strengthened Capital Structure to Advance Hell’s Kitchen Geothermal Power and Critical Minerals Project
Plum Acquisition Corp. IV (PLMK) and Controlled Thermal Resources announced agreements under which approximately $245 million of CTR convertible debt will be retired at close of the proposed business combination, with roughly $205 million converting to equity and $40 million into a planned PIPE.
The combined company is expected to list on Nasdaq under ticker 'CTRH' in the fourth quarter of 2026, subject to shareholder and regulatory approvals.
CTR is developing the Hell's Kitchen project with approximately $310 million invested to date, targeting a 50 MW Stage 1 power facility (2028) and 25,000 metric tons of annual battery-grade lithium capacity (2030), with roughly 650 MW of total planned geothermal generation and potential AI data center co-location.
Red flags
- deal remains subject to shareholder approval, regulatory approvals, and PIPE completion
- risk that transactions are not completed before Plum IV's business combination deadline
- heavily dilutive structure: ~$245M debt converting to equity plus planned PIPE