- CEO
- Kanishka B. Roy
- Sector
- Financial Services
- Industry
- Shell Companies
- Address
- 2021 Fillmore Street San Francisco United States of America 94115
- Business
- Plum Acquisition Corp. I (PLMIW) operates as a special purpose acquisition company, or blank check company, focused on effecting mergers, share exchanges, asset acquisitions, share purchases, reorganizations, or similar business combinations with one or more businesses, particularly those seeking public market access. Incorporated in 2021 as a Cayman Islands exempted company and headquartered in San Francisco, California, it functions as a subsidiary of Plum Partners LLC and offers no significant independent operations or products beyond its SPAC structure, including units, common stock, and warrants traded on Nasdaq under symbols such as PLMIU and PLMIW; it provides operator-led support services to target companies post-combination, encompassing strategic guidance in diversity, equity and inclusion initiatives, introductions to Fortune 500 executives, international growth acceleration, and public market playbook execution across ten key areas. Plum targets operating businesses across various industries and geographies, leveraging a team of experienced operators to maximize partner success in public markets.
In a major development, Plum Acquisition Corp. I completed a reverse merger business combination with Veea Inc., a pioneer in hyperconverged multiaccess networks and AI-driven edge computing, on September 16, 2024, approved by shareholders on June 4, 2024; the transaction valued the combined entity at approximately $335 million enterprise value, raised $36 million in a prior private placement and an additional $15 million concurrently, and resulted in the new company trading as Veea Inc. under Nasdaq tickers VEEA and VEEAW starting September 17, 2024, with former Plum directors continuing involvement in the post-merger entity.