Plum Acquisition Corp IV-A(PLMK) - 2025 Q3 - Quarterly Report

Financial Performance - For the three months ended September 30, 2025, the company reported a net income of $1,679,645, primarily from interest earned on investments held in the Trust Account of $1,913,171[126]. - For the nine months ended September 30, 2025, the company achieved a net income of $4,490,927, with interest income from the Trust Account amounting to $5,268,580[127]. Cash and Investments - As of September 30, 2025, the company had cash of $469,208 and investments held in the trust account totaling $179,493,580, intended for business combination purposes[134]. - As of September 30, 2025, the company had a working capital of $138,786, raising concerns about its ability to continue as a going concern if a business combination does not occur[139]. - The company has no long-term debt obligations, except for a related party promissory note of up to $1,500,000[142]. Initial Public Offering - The company completed its initial public offering on January 16, 2025, raising gross proceeds of $172,500,000 from the sale of 17,250,000 units[130]. - The company incurred transaction costs of $10,932,289 related to the initial public offering, including $3,450,000 in underwriting fees[131]. - The underwriters of the initial public offering are entitled to a deferred fee of $6,900,000, payable only if a business combination is completed[143]. Future Plans and Concerns - The company plans to use cash held outside the trust account primarily for identifying and evaluating target businesses and conducting due diligence[135]. - The company expects to incur significant costs in pursuing acquisition plans and may need additional financing to complete a business combination[138].