- CEO
- Kanishka B. Roy
- Sector
- Financial Services
- Industry
- Shell Companies
- Address
- 2021 Fillmore Street San Francisco CA United States of America 94115
- IPO Date
- Feb 13, 2024
- Business
- Plum Acquisition Corp. III operates as a blank check company, or special purpose acquisition company (SPAC), focused on effecting a merger, capital stock exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses or entities. The company targets high-quality technology and technology-enabled businesses that address market needs through software or innovative business models; it generates no significant operations or revenues prior to completing an initial business combination. Incorporated in 2021 and headquartered in San Francisco, California, Plum Acquisition Corp. III maintains global geographic focus with an emphasis on North American opportunities.
In August 2024, the company announced a definitive business combination agreement with Tactical Resources Corp., a mineral exploration and development firm advancing the Peak Project in West Texas, a rare earth elements (REE) site featuring hard rock direct-leach-extractable deposits from quarry tailings and stockpiled materials; the transaction values the pro forma enterprise at $593.50 million and includes multiple amendments, including the third amendment in July 2025 extending terms. Recent developments encompass SEC effectiveness of the registration statement on December 1, 2025, with stockholder votes scheduled for Tactical Resources on December 16, 2025, and Plum on December 22, 2025, in New York; a November 2025 standby equity purchase agreement with Yorkville Advisors for up to $100 million, including a $7.5 million advance; repeated deadline extensions through July 2025; a February 2024 name change from Alpha Partners Technology Merger Corp.; and a January 2025 board appointment of Hume Kyle.