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Plum Acquisition Corp III (PLMJ) just unveiled an announcement.
Plum Acquisition Corp. III and Tactical Resources Corp. entered into a Business Combination Agreement, signaling a strategic merger that was approved by both companies’ boards and independent committees. The deal, expected to close in Q4 2024, includes a series of amalgamations leading to Tactical Resources becoming a wholly-owned subsidiary of the newly formed entity. Shareholders of both companies will need to approve the transaction, which will also face customary closing conditions. The agreement specifies that none of the representations, warranties, and covenants will survive post-closing, except those expressly stated to apply afterward. This merger is set to create a new competitive player in the market, pending regulatory approval and fulfillment of other conditions.
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