Overview
- TickerPLMK on Nasdaq1
- IndustryElectric Services1
- HeadquartersSan Francisco, California1
- Incorporated inCayman Islands3
- Business address2021 Fillmore St. #2089, San Francisco, Ca 941153
- Filer category, Emerging growth company3
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Business Combination Agreement, at the Effective Time (as defined in the Business Combination Agreement):4 From its latest annual report
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Financial statements
Every line of the income statement as filed: the last 1 fiscal year, latest first.2
| Period ending | 2025-12-31 |
|---|---|
| Formation and general and administrative costs | $1.0M |
| Loss from operations | -$1.0M |
| Interest earned on marketable securities held in Trust Account | $7.1M |
| Interest earned on operating account | $12.9K |
| Total other income | $7.1M |
| Net income (loss) | $6.1M |
No quarter-by-quarter statement was filed.
Every line of the balance sheet as filed: the last 2 fiscal years (annual) or 2 quarters (quarterly), latest first.2
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Cash and cash equivalents | $296.2K | $3.9K |
| Prepaid expenses | $97.0K | |
| Total current assets | $393.2K | $3.9K |
| Long-term prepaid expenses | $3.5K | |
| Deferred offering costs | $438.4K | |
| Investments held in Trust Account | $181.3M | |
| Total Assets | $181.7M | $442.2K |
| Accrued expenses | $138.9K | $42.4K |
| Due to officer | $12.4K | |
| Accrued offering costs | $75.0K | $304.9K |
| Total current liabilities | $463.9K | $509.2K |
| Deferred underwriting fee | $6.9M | |
| Total Liabilities | $7.4M | $509.2K |
| Additional paid-in capital | $24.4K | |
| Accumulated deficit | -$7.0M | -$92.0K |
| Total Shareholders Deficit | -$7.0M | -$67.0K |
| Total Liabilities, Class A Ordinary Shares Subject to Possible Redemption, and Shareholders Deficit | $181.7M | $442.2K |
| Preference shares, par value (in Dollars per share) | $0.00 | $0.00 |
| Preference shares, shares authorized | 1.0M shares | 1.0M shares |
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Cash and cash equivalents | $296.2K | $3.9K |
| Prepaid expenses | $97.0K | |
| Total current assets | $393.2K | $3.9K |
| Long-term prepaid expenses | $3.5K | |
| Deferred offering costs | $438.4K | |
| Investments held in Trust Account | $181.3M | |
| Total Assets | $181.7M | $442.2K |
| Accrued expenses | $138.9K | $42.4K |
| Due to officer | $12.4K | |
| Accrued offering costs | $75.0K | $304.9K |
| Total current liabilities | $463.9K | $509.2K |
| Deferred underwriting fee | $6.9M | |
| Total Liabilities | $7.4M | $509.2K |
| Additional paid-in capital | $24.4K | |
| Accumulated deficit | -$7.0M | -$92.0K |
| Total Shareholders Deficit | -$7.0M | -$67.0K |
| Total Liabilities, Class A Ordinary Shares Subject to Possible Redemption, and Shareholders Deficit | $181.7M | $442.2K |
| Preference shares, par value (in Dollars per share) | $0.00 | $0.00 |
| Preference shares, shares authorized | 1.0M shares | 1.0M shares |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 1 fiscal year, latest first.2
| Period ending | 2025-12-31 |
|---|---|
| Net income (loss) | $6.1M |
| Payment of formation and operating costs through promissory note related party | $8.6K |
| Interest earned on investments held in Trust Account | -$7.1M |
| Compensation expense | $36.8K |
| Prepaid expenses | $11.7K |
| Due from Sponsor | $1.3K |
| Long-term prepaid expenses | -$3.5K |
| Due to officer | -$12.4K |
| Accounts payable and accrued expenses | $96.5K |
| Net cash used in operating activities | -$869.5K |
| Investment of cash into Trust Account | -$174.2M |
| Net cash used in investing activities | -$174.2M |
| Proceeds from sale of Units, net of underwriting discounts paid | $169.1M |
| Proceeds from sale of private placements units | $6.7M |
| Proceeds from promissory note - related party | $250.0K |
| Repayment of promissory note - related party | -$285.3K |
| Payment of offering costs | -$356.5K |
| Net cash provided by financing activities | $175.4M |
| Net Change in Cash | $292.4K |
| Deferred offering costs paid through promissory note related party | $17.3K |
| Deferred underwriting fee payable | $6.9M |
No quarter-by-quarter statement was filed.
Corporate structure
Plum Acquisition Corp. IV sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.
Major holders of Plum Acquisition Corp. IV
- METEORA CAPITAL, LLC Filed SCHEDULE 13G/A on Plum Acquisition Corp. IV, latest Aug 14, 2026 (2 filings since May 15, 2026)
- AQR CAPITAL MANAGEMENT LLC Filed SCHEDULE 13G/A on Plum Acquisition Corp. IV, latest Aug 12, 2026 (2 filings since May 13, 2025)
- Context Capital Management, LLC Filed SCHEDULE 13G on Plum Acquisition Corp. IV, latest Jul 21, 2026
- Linden Capital L.P. Filed SCHEDULE 13G on Plum Acquisition Corp. IV, latest Jul 17, 2026
- Westchester Capital Management, LLC Filed SCHEDULE 13G/A on Plum Acquisition Corp. IV, latest May 15, 2026 (2 filings since Aug 14, 2025)
- HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND Filed SCHEDULE 13G/A on Plum Acquisition Corp. IV, latest Aug 13, 2025 (2 filings since May 14, 2025)
- Barclays Filed SCHEDULE 13G/A on Plum Acquisition Corp. IV, latest Aug 12, 2025 (2 filings since May 13, 2025)
- PLUM PARTNERS IV, LLC Filed SCHEDULE 13G on Plum Acquisition Corp. IV, latest Mar 28, 2025
- Plum Acquisition Corp. IV San Francisco, California
Built from major holders from Schedules 13D and 13G. Each entity in the chart links to its source.
What it owns
What Plum Acquisition Corp. IV reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.
Investments
| Item | Latest | A year before | Change |
|---|---|---|---|
| Cash and cash equivalents | $296.2K2 Dec 31, 2025 | $3.9K2 Dec 31, 2024 | +7566.9% |
Properties, in its own words
We currently maintain our executive offices at 2021 Fillmore St. #2089, San Francisco, California 94115. We consider our current office space adequate for our current operations.
Item 2 of the 10-K filed Mar 31, 2026.4
Leadership
Who has led Plum Acquisition Corp. IV, and when. Pick a name to see everywhere that person has worked.
- Chief executive officerKanishka Roy Jan 14, 2025 to now9
- Chief financial officerSteven Handwerker Jan 14, 2025 to Jan 14, 202510
Board members and other officers (6)
- Board memberAllan Chou Jan 14, 2025 to now11
- Board memberAnjai Gandhi Jan 14, 2025 to now12
- Board memberAvanish Sahai Jan 14, 2025 to now13
- Board memberKanishka Roy Jan 14, 2025 to now9
- Board memberSteven Handwerker Jan 14, 2025 to Jan 14, 202510
- Board memberAidin Aghamiri May 6, 2025 to now14
Former names
- Plum Acquisition Corp, IVJul 31, 2024 to Aug 20, 20263
Timeline
- Oct 14, 20268-K Listing notice or transfer15
- Oct 9, 20268-K Executive or director change16
- Oct 1, 20268-K Regulation FD disclosure17
- Aug 20, 20268-K Regulation FD disclosure18
- Jul 16, 20268-K Bylaws or fiscal year changed; Shareholder vote; Other events19
- Jul 10, 20268-K Entered a material agreement20
- Jul 9, 20268-K Other events21
- Jul 1, 20268-K Other events22
- Jun 30, 20268-K Other events23
- May 19, 20268-K Entered a material agreement24
- Mar 12, 20268-K Entered a material agreement25
- Mar 9, 20268-K Regulation FD disclosure26
- Jan 14, 2025New chief executive Kanishka Roy becomes CEO9
Filings
83 filings to the SEC since October 2021: 2 annual reports, 5 quarterly reports, 20 major events, 15 insider forms, 13 large holders, 28 other. The latest 20:
- Oct 14, 20268-K CURRENT REPORT EDGAR
- Oct 9, 20268-K CURRENT REPORT EDGAR
- Oct 1, 2026425 CURRENT REPORT EDGAR
- Oct 1, 20268-K CURRENT REPORT EDGAR
- Aug 20, 20264 EDGAR
- Aug 20, 20264 EDGAR
- Aug 20, 20264 EDGAR
- Aug 20, 2026425 CURRENT REPORT EDGAR
- Aug 20, 20268-K CURRENT REPORT EDGAR
- Aug 14, 2026SCHEDULE 13G/A EDGAR
- Aug 14, 202610-Q QUARTERLY REPORT EDGAR
- Aug 12, 2026SCHEDULE 13G/A EDGAR
- Jul 21, 2026SCHEDULE 13G EDGAR
- Jul 17, 2026SCHEDULE 13G EDGAR
- Jul 16, 20268-K CURRENT REPORT EDGAR
- Jul 13, 20264 EDGAR
- Jul 13, 20264 EDGAR
- Jul 13, 20264 EDGAR
- Jul 10, 2026425 CURRENT REPORT EDGAR
- Jul 10, 20268-K CURRENT REPORT EDGAR
The 83 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Major holders
Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.
- METEORA CAPITAL, LLCSCHEDULE 13G/A, 2 filings May 15, 2026 to Aug 14, 202627
- AQR CAPITAL MANAGEMENT LLCSCHEDULE 13G/A, 2 filings May 13, 2025 to Aug 12, 202628
- Context Capital Management, LLCSCHEDULE 13G, 1 filing Jul 21, 202629
- Linden Capital L.P.SCHEDULE 13G, 1 filing Jul 17, 202630
- Westchester Capital Management, LLCSCHEDULE 13G/A, 2 filings Aug 14, 2025 to May 15, 202631
- HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUNDSCHEDULE 13G/A, 2 filings May 14, 2025 to Aug 13, 202532
- BarclaysSCHEDULE 13G/A, 2 filings May 13, 2025 to Aug 12, 202533
- PLUM PARTNERS IV, LLCSCHEDULE 13G, 1 filing Mar 28, 202534
SEC filer profile
How Plum Acquisition Corp. IV is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.
- Name on EDGARPlum Acquisition Corp. IV1
- CIK0002030482
- Employer ID (EIN)98-17957104
- Filer statusNon-accelerated filer an emerging growth company; a smaller reporting company; a shell company4
- Incorporated inCayman Islands4
- Fiscal year endsDecember 311
- Industry code (SIC)4911 Electric Services1
- SEC reviewing officeOffice of Energy & Transportation, Division of Corporation Finance1
- Business address2021 Fillmore St. #2089, San Francisco, CA 941151
- Phone(929) 529-71251
- Shares outstanding18,492,875 Common Class A shares; 5,750,000 Common Class B shares as of Mar 31, 20264
- Public float$177.3M as of Jun 30, 20254
- AuditorWithumSmith+Brown, PC, New York, New York PCAOB ID 100; no auditor attestation of internal control over financial reporting4
- On EDGAR sinceJul 31, 20241
- Filings83 in all: 8-K (20), 3 (9), 425 (8), SCHEDULE 13G (8), 4 (6), 10-Q (5), SCHEDULE 13G/A (5), CORRESP (4)1
All 19 form types
S-1/A (4), DEFA14A (3), 10-K (2), UPLOAD (2), 424B4 (1), 8-A12B (1), CERT (1), DEF 14A (1), EFFECT (1), PRE 14A (1), S-1 (1)
- Latest filingsAnnual report (10-K) Mar 31, 2026
Quarterly report (10-Q) Aug 14, 2026
Proxy statement (DEF 14A) Jun 16, 2026
Latest 8-K (8-K) Oct 14, 2026
Securities registered for trading
| Class | Symbol | Exchange |
|---|---|---|
| Class A ordinary shares, $0.0001 par value per share | PLMK | The Nasdaq Stock Market LLC |
| Warrants to purchase one share of Class A ordinary shares | PLMKW | The Nasdaq Stock Market LLC |
| Units, each consisting of one share of Class A ordinary shares and one-half of one redeemable warrant | PLMKU | The Nasdaq Stock Market LLC |
From the cover page of the 10-K filed Mar 31, 2026 (Section 12(b) of the Exchange Act).4
Risk factors and legal proceedings
The risks Plum Acquisition Corp. IV names in Item 1A of its 10-K filed Mar 31, 2026: 78 risks under these headings, as written.4
- For risk factors related to CTR and our proposed Business Combination, please review the S-4 Registration Statement, including our preliminary proxy statement/prospectus to be included therein, and the definitive proxy statement/prospectus to be filed by us.
- Risks Relating to our Search for, Consummation of, or Inability to Consummate, a Business Combination and Post-Business Combination Risks
- We have no operating history and no revenues, and you have no basis on which to evaluate our ability to achieve our business objective.
- Our public shareholders may not be afforded an opportunity to vote on our proposed business combination, which means we may complete our initial business combination even though a majority of our public shareholders do not support such a combination.
- If we seek shareholder approval of our initial business combination, our initial shareholders, directors and officers have agreed to vote in favor of such initial business combination, regardless of how our public shareholders vote.
- Your only opportunity to affect the investment decision regarding a potential business combination will be limited to the exercise of your right to redeem your shares from us for cash, unless we seek shareholder approval of such business combination.
- The ability of our public shareholders to redeem their shares for cash may make our financial condition unattractive to potential business combination targets, which may make it difficult for us to enter into a business combination with a target.
- The ability of our public shareholders to exercise redemption rights with respect to a large number of our shares may not allow us to complete the most desirable business combination or optimize our capital structure.
- The ability of our public shareholders to exercise redemption rights with respect to a large number of our shares could increase the probability that our initial business combination would be unsuccessful and that you would have to wait for liquidation in order to redeem your shares.
- The requirement that we complete our initial business combination within the prescribed time frame may give potential target businesses leverage over us in negotiating a business combination and may limit the time we have in which to conduct due diligence on potential business combination targets, in particular as we approach our dissolution deadline, which could undermine our ability to complete our initial business combination on terms that would produce value for our shareholders.
- We may not be able to complete our initial business combination within the prescribed time frame, in which case we would cease all operations except for the purpose of winding up and we would redeem our public shares and liquidate, in which case our public shareholders may receive only $10.10 per share, or less than such amount in certain circumstances, and our warrants will expire worthless.
- Our search for an initial business combination, and any target business with which we may ultimately consummate an initial business combination, may be materially adversely affected by current global geopolitical conditions resulting from the ongoing Russia-Ukraine conflict and the recent escalation of conflict in the Middle East.
The other 66 risks
- Military or other conflicts in Ukraine, the Middle East or elsewhere may lead to increased volume and price volatility for publicly traded securities, or affect the operations or financial condition of potential target companies, which could make it more difficult for us to consummate an initial business combination.
- Macro-economic turbulence and instability relating to recent and ongoing global conflicts and other drivers of uncertainty may adversely affect our business, investments and results of operations and our ability to successfully consummate a business combination.
- Inflation in the United States and elsewhere could make it more difficult for us to consummate a business combination.
- Changes in the market for directors and officers liability insurance could make it more difficult and more expensive for us to negotiate and complete an initial business combination.
- If we seek shareholder approval of our initial business combination, our sponsor, directors, officers, advisors or any of their affiliates may elect to purchase shares or public warrants from public shareholders, which may increase the likelihood of closing our initial business combination and reduce the public “float” of our securities.
- We may not be able to complete an initial business combination since such initial business combination may be subject to regulatory review and approval requirement, including foreign investment regulations and review by government entities such as the Committee on Foreign Investment in the United States (“CFIUS”), or may be ultimately prohibited.
- Because of our limited resources and the significant competition for business combination opportunities, it may be more difficult for us to complete our initial business combination. If we have not completed our initial business combination within the required time period, our public shareholders may receive only approximately $10.10 per share, or less in certain circumstances, on our redemption of their shares, and our warrants will expire worthless.
- Uncertainty in connection with certain international economic and political relationships, including the imposition of tariffs on international trade, political disputes, regulatory changes and other international matters could have a material adverse effect on our ability to identify potential targets and to consummate our initial business combination, and could adversely affect the financial performance of any target, either foreign or domestic.
- If the funds not being held in the trust account are insufficient to allow us to operate for at least the 18 months following the closing of our initial public offering, we may be unable to complete our initial business combination.
- If the net proceeds of our initial public offering and the sale of the private placement securities not being held in the trust account are insufficient, it could limit the amount available to fund our search for a target business or businesses and complete our initial business combination and we may depend on loans from our sponsor or management team to fund our search, to pay our taxes and to complete our initial business combination.
- Subsequent to our completion of our initial business combination, we may be required to subsequently take write-downs or write-offs, restructuring and impairment or other charges that could have a significant negative effect on our financial condition, results of operations and the price of our securities, which could cause you to lose some or all of your investment.
- If, after we distribute the proceeds in the trust account to our public shareholders, we file a winding-up or bankruptcy or insolvency petition or an involuntary winding-up or bankruptcy or insolvency petition is filed against us that is not dismissed, a bankruptcy court may seek to recover such proceeds, and the members of our board of directors may be viewed as having breached their fiduciary duties to our creditors, thereby exposing the members of our board of directors and us to claims of punitive damages.
- If, before distributing the proceeds in the trust account to our public shareholders, we file a winding-up or bankruptcy or insolvency petition or an involuntary winding-up or bankruptcy or insolvency petition is filed against us that is not dismissed, the claims of creditors in such proceeding may have priority over the claims of our shareholders and the per-share amount that would otherwise be received by our shareholders in connection with our liquidation may be reduced.
- Adverse developments affecting the financial services industry, including events or concerns involving liquidity, defaults or non-performance by financial institutions, could adversely affect our business, financial condition or results of operations, or our prospects.
- If we are deemed to be an investment company under the Investment Company Act, we may be required to institute burdensome compliance requirements and our activities may be restricted, which may make it difficult for us to complete our initial business combination.
- Holders of Class A ordinary shares will not be entitled to vote on any appointment of directors we hold prior to our initial business combination.
- Because we are not limited to a particular industry or any specific target businesses with which to pursue our initial business combination, you will be unable to ascertain the merits or risks of any particular target business’s operations.
- Although we have identified general criteria and guidelines that we believe are important in evaluating prospective target businesses, we may enter into our initial business combination with a target that does not meet such criteria and guidelines, and as a result, the target business with which we enter into our initial business combination may not have attributes entirely consistent with our general criteria and guidelines.
- We may seek acquisition opportunities with an early stage company, a financially unstable business or an entity lacking an established record of revenue or earnings.
- We are not required to obtain an opinion from an independent investment banking firm or from an independent accounting firm regarding fairness. Consequently, you may have no assurance from an independent source that the price we are paying for the business is fair to our company from a financial point of view.
- Resources could be wasted in researching acquisitions that are not completed, which could materially adversely affect subsequent attempts to locate and acquire or merge with another business. If we have not completed our initial business combination within the required time period, our public shareholders may receive only approximately $10.10 per share, or less than such amount in certain circumstances, on the liquidation of our trust account and our warrants will expire worthless.
- We may have limited ability to assess the management of a prospective target business and, as a result, may affect our initial business combination with a target business whose management may not have the skills, qualifications or abilities to manage a public company.
- We may issue notes or other debt securities, or otherwise incur substantial debt, to complete a business combination, which may adversely affect our leverage and financial condition and thus negatively impact the value of our shareholders’ investment in us.
- We may be able to complete only one business combination with the proceeds of our initial public offering and the sale of the private placement securities, which will cause us to be solely dependent on a single business which may have a limited number of products or services. This lack of diversification may negatively impact our operations and profitability.
- If we are unable to complete the proposed business combination with CTR, we may attempt to simultaneously complete business combinations with multiple prospective targets, which may hinder our ability to complete our initial business combination and give rise to increased costs and risks that could negatively impact our operations and profitability.
- We may attempt to complete our initial business combination with a private company about which little information is available, which may result in a business combination with a company that is not as profitable as we suspected, if at all.
- We do not have a specified maximum redemption threshold. The absence of such a redemption threshold may make it possible for us to complete a business combination with which a substantial majority of our shareholders do not agree.
- In order to effectuate an initial business combination, blank check companies have, in the past, amended various provisions of their charters and modified governing instruments, including their warrant agreements. We cannot assure you that we will not seek to amend our amended and restated memorandum and articles of association or governing instruments in a manner that will make it easier for us to complete our initial business combination that some of our shareholders may not support.
- We may be unable to obtain additional financing to complete our initial business combination or to fund the operations and growth of a target business, which could compel us to restructure or abandon a particular business combination.
- Because we must furnish our shareholders with target business financial statements, we may lose the ability to complete an otherwise advantageous initial business combination with some prospective target businesses.
- Compliance obligations under the Sarbanes-Oxley Act may make it more difficult for us to effectuate our initial business combination, require substantial financial and management resources, and increase the time and costs of completing an acquisition.
- After our initial business combination, our results of operations and prospects could be subject, to a significant extent, to the economic, political, social and government policies, developments and conditions in the country in which we operate.
- The outbreak of infectious diseases, endemics, pandemics and other public health crises and the impact on businesses and debt and equity markets could have a material adverse effect on our search for an initial business combination, and any target business with which we ultimately consummate an initial business combination.
- Risks Relating to our Securities
- We may issue our shares to investors in connection with our initial business combination at a price which is less than the prevailing market price of our shares at that time.
- There is currently no market for our securities and a market for our securities may not develop, which would adversely affect the liquidity and price of our securities.
- If a shareholder fails to receive notice of our offer to redeem our public shares in connection with our initial business combination, or fails to comply with the procedures for tendering its shares, such shares may not be redeemed.
- You will not have any rights or interests in funds from the trust account, except under certain limited circumstances. To liquidate your investment, therefore, you may be forced to sell your public shares and/or warrants, potentially at a loss.
- Nasdaq may delist our securities from trading on its exchange, which could limit investors’ ability to make transactions in our securities and subject us to additional trading restrictions.
- If we seek shareholder approval of our initial business combination and we do not conduct redemptions pursuant to the tender offer rules, and if you or a “group” of shareholders are deemed to hold in excess of 15% of our Class A ordinary shares, you will lose the ability to redeem all such shares in excess of 15% of our Class A ordinary shares.
- If third parties bring claims against us, the proceeds held in the trust account could be reduced and the per-share redemption amount received by shareholders may be less than $10.10 per share.
- Our directors may decide not to enforce the indemnification obligations of our sponsor, resulting in a reduction in the amount of funds in the trust account available for distribution to our public shareholders.
- If we have not completed our initial business combination within 18 months of the closing of our initial public offering, our public shareholders may be forced to wait beyond such 18 months before redemption from our trust account.
- Our shareholders may be held liable for claims by third parties against us to the extent of distributions received by them upon redemption of their shares.
- We did not register the Class A ordinary shares issuable upon exercise of the warrants under the Securities Act or any state securities laws in our initial public offering, and such registration may not be in place when an investor desires to exercise warrants, thus precluding such investor from being able to exercise its warrants except on a cashless basis and potentially causing such warrants to expire worthless.
- The grant of registration rights to our initial shareholders, the underwriters and their permitted transferees may make it more difficult to complete our initial business combination, and the future exercise of such rights may adversely affect the market price of our Class A ordinary shares.
- Members of our management team and board of directors have significant experience as founders, board members, officers, executives or employees of other companies. Certain of those persons have been, may be, or may become, involved in litigation, investigations or other proceedings, including related to those companies or otherwise. The defense or prosecution of these matters could be time-consuming and could divert our management’s attention, and may have an adverse effect on us, which may impede our ability to consummate an initial business combination.
- We may issue additional Class A ordinary shares or preference shares to complete our initial business combination or under an employee incentive plan after completion of our initial business combination.
- Holders of our founder shares will control the appointment of our board of directors until consummation of our initial business combination and will hold a substantial interest in us. As a result, they will appoint all of our directors prior to our initial business combination and may exert a substantial influence on actions requiring shareholder vote, potentially in a manner that you do not support.
- We may amend the terms of the warrants in a manner that may be adverse to holders of public warrants with the approval by the holders of at least 50% of the then outstanding public warrants.
- Our warrant agreement designates the courts of the State of New York or the United States District Court for the Southern District of New York as the sole and exclusive forum for certain types of actions and proceedings that may be initiated by holders of our warrants, which could limit the ability of warrant holders to obtain a favorable judicial forum for disputes with our company.
- Unlike some other similarly structured blank check companies, our initial shareholders will beneficially own 25% of our issued and outstanding ordinary shares.
- We may redeem your unexpired public warrants prior to their exercise at a time that is disadvantageous to you, thereby making your public warrants worthless.
- Our management’s ability to require holders of our public warrants to exercise such public warrants on a cashless basis will cause holders to receive fewer Class A ordinary shares upon their exercise of the public warrants than they would have received had they been able to exercise their public warrants for cash.
- Our warrants, founder shares, private placement units and restricted private placement shares may have an adverse effect on the market price of our Class A ordinary shares and make it more difficult to effectuate our initial business combination.
- Because each unit contains one-half of one public warrant and only a whole public warrant may be exercised, the units may be worth less than units of other blank check companies.
- Because we are incorporated under the laws of the Cayman Islands, you may face difficulties in protecting your interests, and your ability to protect your rights through the U.S. federal courts may be limited.
- Provisions in our amended and restated memorandum and articles of association may inhibit a takeover of us, which could limit the price investors might be willing to pay in the future for our Class A ordinary shares and could entrench management.
- Risks Relating to our sponsor and Management Team
- Past performance by our management team and their affiliates may not be indicative of future performance of an investment in the company.
- Our directors and officers will allocate their time to other businesses thereby causing conflicts of interest in their determination as to how much time to devote to our affairs. This conflict of interest could have a negative impact on our ability to complete our initial business combination.
- We are dependent upon our directors and officers and their departure could adversely affect our ability to operate.
- Our ability to successfully effect our initial business combination and to be successful thereafter will be dependent upon the efforts of our key personnel, some of whom may join us following our initial business combination. The loss of our or a target’s key personnel could negatively impact the operations and profitability of our post-combination business.
- Our key personnel may negotiate employment or consulting agreements with a target business in connection with a particular business combination. These agreements may provide for them to receive compensation following our initial business combination and as a result, may cause them to have conflicts of interest in determining whether a particular business combination is the most advantageous.
- Certain of our directors and officers are now, and all of them may in the future become, affiliated with entities engaged in business activities similar to those intended to be conducted by us and, accordingly, may have conflicts of interest in determining to which entity a particular business opportunity should be presented.
- Our directors, officers, security holders and their respective affiliates may have competitive pecuniary interests that conflict with our interests.
- We may engage in a business combination with one or more target businesses that have relationships with entities that may be affiliated with our sponsor, our non-managing investors, and our directors or officers which may raise potential conflicts of interest.
- The nominal purchase price paid by our sponsor and certain of our independent directors for the founder shares may result in significant dilution to the implied value of your public shares upon the consummation of our initial business combination.
Legal proceedings
There is no material litigation, arbitration or governmental proceeding currently pending against us or any members of our management team in their capacity as such.
The opening of Item 3, Legal Proceedings.4
Sources
The numbers on this page point here. Each one links to the record it came from.
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- 11SEC EDGARAllan Chou, Board member
- 12SEC EDGARAnjai Gandhi, Board member
- 13SEC EDGARAvanish Sahai, Board member
- 14SEC EDGARAidin Aghamiri, Board member
- 15SEC EDGARListing notice or transfer
- 16SEC EDGARExecutive or director change
- 17SEC EDGARRegulation FD disclosure
- 18SEC EDGARRegulation FD disclosure
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- 20SEC EDGAREntered a material agreement
- 21SEC EDGAROther events
- 22SEC EDGAROther events
- 23SEC EDGAROther events
- 24SEC EDGAREntered a material agreement
- 25SEC EDGAREntered a material agreement
- 26SEC EDGARRegulation FD disclosure
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