Plum Acquisition Corp. IV Prices $150 Million IPO

Deal News | Jan 15, 2025 | EIN

Plum Acquisition Corp. IV Prices $150 Million IPO

Plum Acquisition Corp. IV has announced the pricing of its initial public offering (IPO) at $150 million, with the offering comprising 15,000,000 units priced at $10.00 each. Scheduled to commence trading on the Nasdaq Global Market under the ticker PLMKU from January 15, 2025, each unit encompasses one Class A ordinary share and half of a redeemable warrant, which allows the purchase of an additional share at $11.50. The offering is anticipated to close on January 16, 2025, with additional units available for overallotment. The SPAC aims to merge with or acquire businesses that can leverage its management team's global relationships and sector expertise.

Sectors

  • Special Purpose Acquisition Companies (SPAC)
  • Financial Services

Geography

  • United States – Plum Acquisition Corp. IV is intending to list its IPO on the Nasdaq Global Market, a major U.S. stock exchange, and its activities are governed by the U.S. Securities and Exchange Commission.

Industry

  • Special Purpose Acquisition Companies (SPAC) – Plum Acquisition Corp. IV is a SPAC, established to raise capital through an IPO with the intention of merging with or acquiring other businesses.
  • Financial Services – The involvement of financial advisors and underwriters such as Cohen & Company Capital Markets and Seaport Global Securities classifies this as a financial services industry activity.

Financials

  • $150 million – The initial public offering price for Plum Acquisition Corp. IV, consisting of 15,000,000 units at $10.00 per unit.

Participants

NameRoleTypeDescription
Plum Acquisition Corp. IVTarget CompanyCompaniesA Special Purpose Acquisition Company (SPAC) focusing on merging with or acquiring businesses.
Cohen & Company Capital MarketsLead BookrunnerCompaniesA division of J.V.B. Financial Group, LLC, serving as the lead manager for Plum Acquisition's IPO.
Seaport Global SecuritiesJoint BookrunnerCompaniesFinancial services firm acting as joint manager for Plum Acquisition's IPO.