DEF 14A of Plum Acquisition Corp. IV
Filed Jun 16, 20260001213900-26-068965
Interests of the Sponsor and Plum’s Directors and Officers
Interests of the Sponsor and Plum’s Directors and Officers When you consider the recommendation of the Board, Plum shareholders should be aware that aside from their interests as shareholders, the Sponsor and certain members of the Board and officers of Plum have interests that are different from, or in addition to, those of other shareholders generally. The Board was aware of and considered these interests, among other matters, in recommending to Plum shareholders that they approve the Extension Amendment Proposal. Plum shareholders should take these interests into account in deciding whether to approve the Extension Amendment Proposal:
Interests of the Sponsor and Plum’s Directors and Officers
| ● | if the Trust Account is liquidated, including in the event Plum is unable to complete an initial business combination within the required time period, Plum’s Sponsor has agreed to indemnify Plum to ensure that the proceeds in the Trust Account are not reduced below $10.10 per public share, or such lesser per public share amount as is in the Trust Account on the liquidation date, by the claims of prospective target businesses with which Plum has entered into an acquisition agreement or claims of any third party (other than Plum’s independent public accountants) for services rendered or products sold to Plum, but only if such a vendor or target business has not executed a waiver of any and all rights to seek access to the Trust Account; |
Interests of the Sponsor and Plum’s Directors and Officers
| ● | the fact that the Initial Shareholders, including the Sponsor, have invested in Plum an aggregate of $4,425,000, comprised of the $25,000 purchase price for 5,750,000 Class B Ordinary Shares and the $4,400,000 purchase price for 440,000 private placement units and 570,000 Class A Ordinary Shares acquired in a private placement. Even if the trading price of the Class A Ordinary Shares were as low as $0.77 per share, the aggregate market value of the Class B Ordinary Shares alone (without taking into account the value of the Class A Ordinary Shares acquired in a private placement) would be approximately equal to the initial investment in Plum by the Initial Shareholders. As a result, if a Business Combination is completed, the Initial Shareholders are likely to be able to make a substantial profit on their investment in Plum at a time when the Class A Ordinary Shares have lost significant value. On the other hand, if the Extension Amendment Proposal is not approved and Plum liquidates without completing a Business Combination before July 16, 2026, the Initial Shareholders will lose their entire investment in Plum; |
Interests of the Sponsor and Plum’s Directors and Officers
| ● | the fact that the Initial Shareholders have agreed not to redeem any Ordinary Shares held by them in connection with a shareholder vote to approve a Business Combination or the Extension Amendment Proposal; |
Interests of the Sponsor and Plum’s Directors and Officers
| ● | the fact that the Initial Shareholders have agreed to waive their rights to liquidating distributions from the Trust Account with respect to any Ordinary Shares (other than Public Shares) held by them if the Extension Amendment Proposal is not approved and Plum fails to complete a Business Combination by July 16, 2026; and |
Interests of the Sponsor and Plum’s Directors and Officers
| ● | our directors and executive officers may continue to be directors and officers of any acquired business after the consummation of an initial business combination. As such, in the future, if they continue as directors and officers following such initial business combination, our directors and executive officers will receive any cash fees, share options or share awards that a post-business combination board of directors determines to pay to its directors and officers. |