Plum Acquisition I priced its IPO of 30 million units at $10 each.
Units start trading today on the Nasdaq under PLMI U. Each consists of one Class A ordinary share and one-fifth of one redeemable warrant; whole warrants exercisable at $11.50 for a share. Once the securities comprising the units begin separate trading, shares and warrants will list under PLMI and PLMI W, respectively.
The SPAC is sponsored by Plum Partners and led by Executive Chairwoman Ursula Burns. Plum I intends to pursue opportunities with internet and software companies that leverage platform models in enterprise software, SMB software and infrastructure, or disruptive marketplace models in verticals where the Plum team has extensive expertise, such as business automation, health and wellbeing, and finance- and insurance-related tech. Read more.
