Plum Acquisition Corp IV

PLMK

Börsenwert 114 Mio. $

Approximately $205 Million of Existing Convertible Debt Expected to Convert to Equity at Close of the Proposed Business Combination, with an Additional Approximately $40 Million Expected to Convert into a New Planned PIPE Simplified Capital Structure Expected to Support Financing of CTR's Power-First Development Strategy Ahead of Proposed Nasdaq Listing CTR plans to develop approximately 650 MW of renewable baseload geothermal generation for potential of co-location of AI data centers IMPERIAL, Calif. and SAN FRANCISCO, Oct. 01, 2026 (GLOBE NEWSWIRE) -- Controlled Thermal Resources Holdings Inc. ("CTR" or the "Company"), developer of one of America's largest and most advanced geothermal power and critical minerals projects, and Plum Acquisition Corp. IV (Nasdaq: PLMK) ("Plum IV"), a publicly traded special purpose acquisition company, today announced a series of agreements between CTR and certain strategic investors that are expected to materially strengthen CTR's capital structure in connection with their previously announced proposed business combination.

NEW YORK, NY, June 29, 2026 (GLOBE NEWSWIRE) -- Plum Acquisition Corp. IV (Nasdaq: PLMK) (the “Company”) today announced that its extraordinary general meeting of shareholders (the “Shareholder Meeting”), originally scheduled to be held on July 2, 2026, will be postponed to July 10, 2026, at 9:00 a.m., Eastern Time, to allow additional time for the Company to engage with shareholders. As a result of the postponement of the Shareholder Meeting, the Company has extended the deadline for delivery of redemption requests from the Company's shareholders from 5:00 p.m., Eastern Time, on June 30, 2026, to 5:00 p.m., Eastern Time, on July 8, 2026.