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Plum Acquisition I(PLMI) - 2022 Q3 - Quarterly Report
2022-11-14 21:29
Financial Performance - For the three months ended September 30, 2022, the company reported a loss from operations of $633,050, with other income of $3,118,342, including an unrealized gain on warrant liabilities of $1,674,871[109]. - For the nine months ended September 30, 2022, the company had a loss from operations of $2,686,622, with other income of $10,422,422, which included an unrealized gain on warrant liabilities of $8,499,501[110]. - For the nine months ended September 30, 2022, cash used in operating activities was $748,365, with net income of $7,735,800 primarily offset by an unrealized gain on warrant liabilities[119]. Cash and Assets - As of September 30, 2022, the company held $321,155,523 in the Trust Account, with cash outside the Trust Account amounting to $108,859[113]. - The company generated gross proceeds of $319,216,340 from the sale of 31,921,634 units at $10.00 per unit during its Public Offering[116]. - The company incurred $18,336,269 in Initial Public Offering related costs, including $6,384,327 in underwriting fees[117]. - The company has committed to loan funds as needed, with $750,000 in Working Capital Loans issued as of September 30, 2022[122]. Business Operations and Risks - If the company cannot complete a Business Combination by March 18, 2023, it will cease operations and liquidate[125]. - The company has no long-term debt or off-balance sheet arrangements as of September 30, 2022[126][127]. Accounting and Reporting - The company recognizes changes in the redemption value of its Class A ordinary shares immediately as they occur, affecting the carrying value of the security[132]. - Management does not believe that any recently issued accounting standards would have a material effect on the Company's unaudited condensed financial statements[134]. - The Company is classified as a smaller reporting company and is not required to provide additional market risk disclosures[135].
Plum Acquisition I(PLMI) - 2022 Q2 - Quarterly Report
2022-08-15 16:56
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to PLUM ACQUISITION CORP. I (Exact name of registrant as specified in its charter) Cayman Islands 001-40218 98- 1577353 (State or other juris ...
Plum Acquisition I(PLMI) - 2022 Q1 - Quarterly Report
2022-05-16 20:55
Financial Performance - For the three months ended March 31, 2022, the company reported a loss from operations of $509,076, with other income of $3,880,155 primarily from an unrealized gain on warrant liabilities of $3,854,102[106]. - Cash used in operating activities for the three months ended March 31, 2022, was $339,506, with net income of $3,371,079 primarily offset by an unrealized gain on warrant liabilities[116]. - The company has not generated any realized income other than interest income from the Trust Account[108]. Trust Account and Liquidity - As of March 31, 2022, the company held $319,258,655 in the Trust Account, with cash outside the Trust Account amounting to $267,718[108]. - The company intends to use substantially all funds held in the Trust Account to acquire a target business and cover related expenses[118]. - If the company cannot complete a Business Combination by March 18, 2023, it will cease operations and liquidate[122]. Initial Public Offering (IPO) Costs - The company generated gross proceeds of $319,216,340 from the sale of 31,921,634 units at $10.00 per unit during March and April 2021[112]. - The company incurred $18,336,269 in Initial Public Offering related costs, including $6,384,327 in underwriting fees[114]. Debt and Financial Structure - As of March 31, 2022, the company had no long-term debt or off-balance sheet arrangements[123][125]. - The company recognizes changes in the redemption value of Class A ordinary shares immediately as they occur, affecting the carrying value of the security[129].
Plum Acquisition I(PLMI) - 2021 Q4 - Annual Report
2022-04-22 01:53
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 For the period from January 11, 2021 through December 31, 2021 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to PLUM ACQUISITION CORP. I (Exact name of registrant as specified in its charter) Cayman Islands 001-40218 98-1577353 (State or ...
Plum Acquisition I(PLMI) - 2021 Q3 - Quarterly Report
2021-11-22 21:40
Financial Performance - For the three months ended September 30, 2021, the company reported a loss from operations of $481,907 and a total loss of $1,394,368 since inception [111]. - The company recognized other income of $3,325,655 for the three months ended September 30, 2021, primarily from an unrealized gain on warrant liability of $3,320,750 [111]. - For the nine months ended September 30, 2021, cash used in operating activities was $1,877,420, with net income of $5,265,141 primarily offset by an unrealized gain on warrant liability [120]. Trust Account and Cash Position - As of September 30, 2021, the company held $319,226,549 in the Trust Account, with cash outside the Trust Account amounting to $368,210 [111]. - The company intends to use substantially all funds held in the Trust Account to acquire a target business and cover related expenses [121]. Public Offering and Costs - The company generated gross proceeds of $319,216,340 from the sale of 31,921,634 units at $10.00 per unit during its Public Offering [116]. - The company incurred $18,336,269 in Initial Public Offering related costs, including $6,384,327 in underwriting fees [118]. Debt and Financial Commitments - As of September 30, 2021, no Working Capital Loans have been issued, but the company has commitments from sponsors and affiliates for potential loans [122]. - The company has no long-term debt or off-balance sheet arrangements as of September 30, 2021 [125]. Accounting Standards - The company adopted ASU 2020-06 effective January 1, 2021, which did not impact its financial statements [133].
Plum Acquisition I(PLMI) - 2021 Q2 - Quarterly Report
2021-08-16 20:04
Financial Performance - For the three months ended June 30, 2021, the company incurred a loss from operations of $822,896 and recognized other income of $2,901,733, resulting in a net income of $2,421,393[104][112]. - Cash used in operating activities for the six months ended June 30, 2021, was $1,541,611, primarily offset by an unrealized gain on the change in the fair value of the warrant liability of $3,867,325[112]. Trust Account and Cash Position - As of June 30, 2021, the company held $319,221,644 in the Trust Account, with cash outside the Trust Account amounting to $704,019[104][106]. - The company intends to use substantially all funds held in the Trust Account to acquire a target business and pay related expenses[113]. Public Offering and Proceeds - The company generated gross proceeds of $319,216,340 from the sale of 31,921,634 units at $10.00 per unit during the Public Offering[107]. - The company sold 6,256,218 private warrants at a price of $1.50 per warrant, generating gross proceeds of $9,384,327[108]. - The company incurred $18,336,269 in Initial Public Offering related costs, including $6,384,327 in underwriting fees[109]. Debt and Financing Arrangements - The company has no long-term debt, capital lease obligations, or operating lease obligations as of June 30, 2021[118]. - The company has not entered into any off-balance sheet financing arrangements or established any special purpose entities[116][117]. - The company does not believe it will need to raise additional funds to meet operating expenditures prior to the business combination[115].
Plum Acquisition I(PLMI) - 2021 Q1 - Quarterly Report
2021-06-04 20:51
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to PLUM ACQUISITION CORP. I (Exact name of registrant as specified in its charter) Cayman Islands 001-40218 98- 1577353 (State or other jurisdiction of incorporation or organization) 2021 Fillmore St. #2089 San Francisco, California 94115 (Address of principal executive offices) (Zip Code) FORM 1 ...