Plum Acquisition Corp. III (PLMJF) is a blank check special purpose acquisition company (SPAC) formed to identify and complete a merger or acquisition with one or more target businesses. It does not generate operating revenue. The company raised $291,150,000 in gross proceeds through its Initial Public Offering and concurrent private placement of 800,000 Private Placement Units at $10.00 per unit, placing $272,500,000 into a Trust Account (per the 10-K filed 2026-04-01). Successive redemption events reduced Trust Account balances materially: holders redeemed 13,532,591 Class A shares at approximately $10.41 per share in July 2023, and 12,433,210 Class A shares at approximately $10.78 per share in January 2024. As of December 31, 2025, the company carries $2,124,867 in outstanding sponsor promissory notes. Kanishka Roy has served as President, CEO, and Chairman since early 2024, and is co-founder and Managing Partner of Plum Partners, a late-stage investment firm active since 2020. Mercury Capital, LLC controls approximately 84.0% of Class B ordinary shares as of April 18, 2025.

Revenue model

No operating revenue. The company is a pre-combination SPAC. Funding comes from IPO proceeds and sponsor promissory notes held in or outside a Trust Account, to be deployed upon completion of an Initial Business Combination.

Products and services

Blank check company structure with Class A and Class B ordinary shares, founder units, and redeemable warrants. Private Placement Units were sold at $10.00 per unit at IPO closing. The company pays an affiliate of the Original Sponsor $55,000 per month under an Administrative Support Agreement.

Customers and end markets

No customers or end markets. The target of the Initial Business Combination has not been identified as of the 10-K filed 2026-04-01. The company may pursue targets with operations inside or outside the United States.

Value-chain role

SPAC sponsor vehicle. Raises capital through public markets, holds proceeds in trust, and seeks a merger or acquisition target. Sponsor and anchor investors provide private placement capital alongside IPO proceeds.

Geographic exposure

Incorporated as a Cayman Islands entity. Headquarters-related address on file in the United States. No operating business or geographic revenue exposure as of the 10-K filed 2026-04-01.

Source: SEC 10-K, filed 2026-04-01

Industry: Blank Checks