Plum Acquisition Corp. IV (PLMKW) Warrant
Each PLMKW warrant gives the holder the right to buy 1 share of Plum Acquisition Corp. IV at $11.50 per share, for five years after the company completes its merger. The stock last closed at $10.64, below the strike, so the warrant is out of the money. Plum Acquisition Corp. IV has a market value of about $113.93M. Plum Acquisition Corp. IV is a SPAC (deal signed with Controlled Thermal Resources Holdings Inc. (CTR)). It must complete a deal by January 16, 2027 or the warrants expire worthless. There are 8.62M listed warrants; exercising all of them would add 80.6% to the 10.70M shares outstanding.
Key terms
- Strike per share
- $11.50
- Shares per warrant
- 1
- Cash to exercise one warrant
- $11.50
- Expiry
- merger + 5 years
- Redemption trigger
- $18.00
- Cashless exercise
- allowed
- Break-even stock price
- $11.89
From the issuer's S-1/A (2025-01-07).
Company and stock
- Company
- Plum Acquisition Corp. IV
- Underlying stock
- PLMK
- Share price
- $10.64
- Market cap
- $113.93M
- Shares outstanding
- 10.70M
- 12-month range
- $10.32 – $11.30
- 12-month change
- +3%
- Value of all listed warrants
- $3.41M (3.0% of market cap)
- Industry
- Electric Services
- Head office
- San Francisco, CA
- Incorporated in
- Cayman Islands
Market cap is the last share price times shares outstanding (as of 10-Q 2026-). Industry and head office are as the company reports them to the SEC. All SEC filings for this company.
Model value vs price Pro
- Model value
- Last price
- $0.3950
- Price / model
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Dilution
- Shares outstanding
- 10.70M
- Listed warrants
- 8.62M
- Dilution if all exercised
- 80.6%
Warrant count from filing iXBRL: PublicWarrantsMember.
SPAC deal
- Status
- deal signed
- Target
- Controlled Thermal Resources Holdings Inc. (CTR)
- Deal announced
- 2026-03-08
- Deadline
- 2027-01-16
- Latest possible deadline
- 2027-07-16
- Trust per share
- $10.71
- Sponsor
- Plum Partners IV LLC
- Sponsor's earlier SPACs
- 1 (1 closed a deal)
- Chance of a deal
A SPAC warrant is worth nothing if no deal closes by the deadline.
Filings and events
Questions about PLMKW
When does the PLMKW warrant expire?
Five years after the SPAC completes its merger; if no merger closes by the deadline, the warrants expire worthless.
What is the strike price of PLMKW?
$11.50 per share; each warrant converts into 1 share, so exercising one warrant costs $11.50.
How many PLMKW warrants are outstanding?
8.62M listed warrants, equal to 80.6% dilution if all are exercised.
Related warrants
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