Plum Acquisition IV to Merge With Controlled Thermal Resources; Earnout Up to 100M Shares

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2026.03.12 10:03
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Plum Acquisition IV has signed a Business Combination Agreement to merge with Controlled Thermal Resources, facilitating a SPAC transaction to take the company public. The deal includes an earnout of up to 100 million shares based on share price milestones and involves a domestication to Delaware. Key CTR holders have signed a Transaction Support Agreement to secure shareholder approvals. The merger will also feature amended registration rights and a lock-up agreement to stabilize trading post-merger, with plans to list common stock and warrants on a national exchange.