Plum Acquisition IV, a blank check company sponsored by investment company Plum Partners, filed on Wednesday with the SEC to raise up to $200 million in an initial public offering.
The San Francisco, CA-based company plans to raise $200 million by offering 20 million units at $10. Each unit consists of one share of common stock and one warrant, exercisable at $11.50. At the proposed deal size, Plum Acquisition IV would command a market value of $273 million.
The company is led by CEO and Chairman Kanishka Roy, Managing Partner at Plum Partners, who also serves as the CEO and Chairman of Plum Acquisition I (Nasdaq: PLMI; pending a merger with Veea at a $281 million EV) and Plum Acquisition III (Nasdaq: PLMJU). It is also led by CFO and Director Steven Handwerker, a former Citadel analyst who advised on FinServ Acquisition I (which merged with Katapult Holdings at a $1 billion EV in June 2021) and was CFO of FinServ Acquisition II (which liquidated in November 2023).
The San Francisco, CA-based company was founded in 2024 and plans to list on the Nasdaq under the symbol PLMKU. Cohen & Company Securities is the sole bookrunner on the deal.
