PLMJF
Plum Acquisition Corp. III11.55
+0.00+0%
Dec 16, 4:00:00 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
92.05MP/E (TTM)
-Basic EPS (TTM)
-0.33Dividend Yield
0%Recent Filings
8-K
10-Q
Q3 FY2025 results
Plum Acquisition Corp. III narrowed its Q3 net loss to $276K from $1.1M a year earlier, thanks to a $239K gain on warrant fair value changes that offset $521K in operating costs; year-to-date, the net loss widened to $1.5M from $862K, driven by higher formation expenses while trust interest income dipped to $88K from $1.7M amid redemptions. The trust balance shrank to $491K after $25M in shareholder payouts during extensions, leaving $107K in cash outside but a $4.8M working capital deficit funded by $2M in related-party notes. Progress on the Tactical merger includes a July 2025 amendment extending the deadline to July 2026 and locking 80-85% of shares for six months post-close. Yet Nasdaq delisting risks loom if relisting fails.
8-K
Sponsor units vesting amended
Plum Acquisition Corp. III amended its sponsor support and purchase agreements on September 5, 2025, to adjust handling of untransferred Sponsor Incentive Units ahead of the Tactical Resources Corp. business combination closing. Retained units now vest fully if Pubco shares hit $12 average over 20 trading days in any 30-day period, or half at $11, within a 10-year earnout; otherwise, they forfeit for nothing. This ties sponsor rewards to post-merger performance. Vesting hinges on market success.
10-Q
Q2 FY2025 results
Plum Acquisition Corp. III posted a net loss of $884,943 for Q2 FY2025 ended June 30, 2025, swinging from a $407,059 profit in the year-ago quarter, driven by $659,031 in operating costs up 9.8% y/y and a $241,183 loss on warrant fair-value changes, offset by just $15,271 in trust interest income. For the half-year, losses widened to $1,249,483 from $258,823 profit, with operating costs rising 19.7% y/y to $1,191,762 while trust income plunged 94.1% to $81,368 amid heavy redemptions that shrank the trust to $1.7M from $25.6M at year-end. Cash outside trust sits at $240,081, but a $4.3M working capital deficit and $1.9M in related-party notes highlight liquidity strains. Progress on the Tactical merger advanced with a July 2025 amendment extending the deal to July 2026 and imposing six-month lock-ups on 80-85% of shares, yet Nasdaq delisting to OTC adds relisting hurdles. Sponsor funding keeps the hunt alive. Delays in closing the deal risk mandatory liquidation.
8-K
SPAC extends merger timeline
Plum Acquisition Corp. III amended its business combination agreement with Tactical Resources Corp. on July 30, 2025, extending the termination date to July 30, 2026, while allowing Tactical a potential reverse stock split up to 25:1. Crucially, 80% to 85% of shares issued to Tactical shareholders will lock up for six months post-closing, with key holders fully restricted to ensure stability. Key insiders signed binding lock-up pacts. This buys time yet ties hands on liquidity.
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