Plutonian Acquisition Corp.
PLTN
NASDAQ Capital Market2.43
USD
-3.34
- -
CIK
0001929231
ISIN
US72942P1049
CUSIP
72942P104
Return %
Stock
S&P500
1Y
-76.59
26.53
3Y
-75.84
76.60
5Y
-75.84
80.11
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- CEO
- Wei Kwang Ng
- Sector
- Financial Services
- Industry
- Shell Companies
- Address
- 1441 Broadway New York City NY United States of America 10018
- IPO Date
- Jan 11, 2023
- CIK
- 0001929231
- Similar Companies
- Business
- Plutonian Acquisition Corp. (PLTN) is a blank check company formed as a special purpose acquisition company whose sole purpose is to effect a merger, share exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. Incorporated in Delaware and headquartered in New York City, New York, the company went public in 2022 and targeted high-growth sectors including metaverse technologies, tourism, and e-commerce, particularly in the Asia-Pacific region. Prior to completing its de-SPAC transaction, it held capital in trust for deployment in such combinations without engaging in other operational activities. In October 2023, Plutonian entered into a definitive merger agreement with Shenzhen-based Big Tree Cloud International Group Limited, a manufacturer and distributor of personal care products focused on feminine hygiene items such as sanitary napkins and period underwear; the transaction valued Big Tree Cloud at an initial equity value of $500 million and included potential earnouts tied to retail expansion milestones. The business combination closed on June 6, 2024, resulting in the creation of Big Tree Cloud Holdings Limited (NASDAQ: DSY), with Big Tree Cloud shareholders retaining majority ownership and board control; the combined entity trades on Nasdaq alongside warrants (DSYWW) and utilizes proceeds for working capital and general corporate purposes. Multiple trust account extensions, including contributions from Big Tree Cloud in 2023 and 2024 up to August 2024, facilitated the deal's completion amid redemptions and regulatory processes.
Big Tree Cloud and Plutonian Announce Closing of Business Combination
Plutonian Acquisition Corp. Announces Additional Contribution to Trust Account to Extend Period to Consummate Business Combination
Why Is Plutonian Acquisition (PLTN) Stock Up 27% Today?
Plutonian Acquisition Corp. Announces Additional Contribution to Trust Account to Extend Period to Consummate Business Combination
Plutonian Acquisition Corp. Announces Additional Contribution to Trust Account to Extend Period to Consummate Business Combination
Big Tree Cloud Enters into Definitive Merger Agreement with Plutonian Acquisition Corp. (Nasdaq: PLTN)