Plum Acquisition Unveils Class A Shares and Warrants Trading Initiation
Deal News | Jan 29, 2025 | EIN
Plum Acquisition Corp. IV has announced that its Class A ordinary shares and warrants will commence separate trading on the Nasdaq Global Market on January 31, 2025. Initially sold together as units in the company's public offering, these can be traded separately under the symbols PLMK and PLMKW, while units that remain combined will continue under PLMKU. For the separation, unit holders must coordinate with brokers and the transfer agent, Continental Stock Transfer & Trust Company. The company, designed for mergers or acquisitions, aims to leverage its management’s expertise for potential business combinations across various sectors. Cohen & Company Capital Markets and Seaport Global Securities were pivotal in the offering, with the SEC having declared the registration effective. The announcement included forward-looking statements noting inherent risks and potential changes.
Sectors
- Financial Services
- Securities and Commodity Exchanges
- Corporate Finance
Geography
- United States – The activities described, including the trading initiation on Nasdaq and the SEC registration, are based in the United States.
Industry
- Financial Services – The article revolves around a special purpose acquisition company, Plum Acquisition Corp. IV, which is involved in the financial services sector through IPO and trading activities.
- Securities and Commodity Exchanges – The trading of Class A shares and warrants and the involvement of Nasdaq as the trading platform highlight this industry.
- Corporate Finance – Involvement of Cohen & Company Capital Markets in the underwriting process places this article within the corporate finance industry.
Financials
- N/A – The article does not provide specific financial figures related to the transaction or offering.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Plum Acquisition Corp. IV | Company | Target company | A special purpose acquisition company formed for effecting mergers, acquisitions, or similar business combinations. |
| Cohen & Company Capital Markets | Lead book-running manager | Corporate Finance | A division of J.V.B. Financial Group, LLC, involved in underwriting Plum Acquisition Corp. IV's initial public offering. |
| Seaport Global Securities | Joint book runner | Corporate Finance | Assisted in the underwriting process of Plum Acquisition Corp. IV's public offering. |
| Continental Stock Transfer & Trust Company | Transfer agent | Other | Responsible for separating units into ordinary shares and warrants. |
| U.S. Securities and Exchange Commission | Regulator | Government | Declared Plum Acquisition Corp. IV's registration statement effective. |