Plum Acquisition Corp. IV (NASDAQ: PLMK) is a blank check company incorporated in the Cayman Islands that was formed for the purpose of completing a merger, share exchange, asset acquisition, or similar business combination with one or more target businesses. The company generates no operating revenue. It raised $172,500,000 in gross proceeds from an initial public offering of 17,250,000 units at $10.00 per unit on January 16, 2025, and simultaneously raised $6,728,750 from the sale of 672,875 private placement units to its sponsor, Plum Partners IV, LLC. A total of $174,225,000 was placed in a trust account following the IPO. The company was incorporated on June 10, 2024, and is headquartered at 2021 Fillmore St., San Francisco, California. Kanishka Roy, a co-founder and Managing Partner of Plum Partners, has served as Chairman and Chief Executive Officer since June 2024. If no business combination is completed within the required time period, public shareholders may receive approximately $10.10 per share from the trust account upon liquidation.

Revenue model

No operating revenue. The company holds IPO proceeds and private placement proceeds in a trust account earning interest. For the year ended December 31, 2025, interest earned on investments held in the trust account was $7,060,220. The vehicle earns no revenue from products or services.

Products and services

Blank check SPAC units, consisting of ordinary shares and warrants, sold at $10.00 per unit in the January 16, 2025 IPO. Private placement units sold to the sponsor at $10.00 per unit. The company has no products or commercial services.

Customers and end markets

Public shareholders who purchased units in the January 2025 IPO. Westchester Capital Management, LLC held approximately 5.1% of outstanding ordinary shares as of the filing date. The sponsor, Plum Partners IV, LLC, held approximately 27.5% of outstanding ordinary shares.

Value-chain role

SPAC sponsor and acquisition vehicle. The company identifies, evaluates, and executes a business combination with a private target. The sponsor, Plum Partners IV, LLC, covers operating expenses and identifies targets. Directors and officers receive no cash compensation for services rendered, per the 10-K filed 2026-03-31.

Geographic exposure

Incorporated in the Cayman Islands. Principal executive offices located in San Francisco, California. No disclosed geographic target preference for acquisitions in the filing excerpts.

Source: SEC 10-K, filed 2026-03-31

Industry: Blank Checks