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Plum Acquisition Corp. IVBullish
Plum Acquisition Corp. IV has received a notice from Nasdaq stating that it is not in compliance with the requirement to have at least 400 total holders. The company must submit a compliance plan within 45 days, and if accepted, it may be granted an extension of up to 180 days to regain compliance.…more
Plum Acquisition Corp. IV
Aidin Aghamiri resigned from the board of directors of Plum Acquisition Corp. IV, effective October 6, 2026. The company stated that his resignation was not the result of any disagreement regarding the company's operations, policies, or practices.…more
Plum Acquisition Corp. IV
Plum Acquisition Corp. IV and Controlled Thermal Resources (CTR) have entered into agreements with strategic investors to strengthen CTR's capital structure ahead of their proposed business combination. Approximately $205 million of CTR's $245 million in outstanding convertible debt is expected to convert to equity, with the remaining $40 million converting into a new PIPE structure upon closing. The transaction is expected to close in the fourth quarter of 2026, with the combined company planning to list on the Nasdaq under the ticker 'CTRH'.…more
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CTR Secures $245M Investment Ahead of SPAC Merger
Controlled Thermal Resources has secured approximately $245 million in capital through convertible debt-to-equity conversions ahead of its proposed SPAC merger. The funding is intended to strengthen the company's balance sheet to support its Nasdaq listing and geothermal power development for AI data centers.…more