Plum Acquisition Corp. III is a special purpose acquisition company incorporated in Delaware in mid-2021. The company completed its initial public offering on the Nasdaq in December 2021, raising capital through the sale of units to pursue business combinations with private companies. As a blank check vehicle, Plum Acquisition Corp. III holds its proceeds in a trust account until it identifies and consummates a merger, share exchange, asset acquisition, share purchase, or other similar business combination.
The company is focused on identifying and acquiring businesses with strong growth potential across technology, healthcare, and consumer sectors. While its primary geographical focus is on North America and Europe, Plum Acquisition Corp. III also leverages connections in the Asia-Pacific region to source cross-border opportunities. The management team looks for targets with proven revenue streams, scalable business models, and experienced leadership that can benefit from public market access and capital support.
Leadership at Plum Acquisition Corp. III comprises seasoned finance professionals and industry executives. The company’s chief executive officer has over two decades of experience in mergers and acquisitions at global investment banks, while its finance head has a background in corporate accounting and private equity fund management. Together with a board of directors that includes former technology entrepreneurs and healthcare operators, the team brings a mix of transactional expertise and operational insight.
As a blank check company, Plum Acquisition Corp. III has a predefined timeline—typically two years—to complete a qualifying business combination. Until that time, its trust account funds may be invested in U.S. government securities or similar instruments. If no qualifying transaction is completed, the company is required to liquidate and return the trust account proceeds to its public stockholders.
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