Plum Acquisition Corp. III

Plum Acquisition Corp. III is a blank check company, also known as a Special Purpose Acquisition Company (SPAC), incorporated on February 5, 2021, as an exempted company in the Cayman Islands. Its primary purpose is to complete an initial business combination, which could involve a merger, share exchange, asset acquisition, share purchase, reorganization, or similar transaction with one or more businesses or entities. The company does not restrict its search for a prospective partner company to any specific industry or geographic region. Plum Acquisition Corp. III's Sponsor is Mercury Capital, LLC, a Delaware limited liability company. The original Sponsor was Alpha Partners Technology Merger Sponsor LLC, also a Delaware limited liability company. The company’s initial public offering (IPO) registration statement became effective on July 27, 2021. On July 30, 2021, Plum Acquisition Corp. III completed its IPO, selling 25,000,000 units at $10.00 per unit, which generated gross proceeds of $250.0 million. Offering costs amounted to approximately $13.75 million, with $8.75 million allocated to deferred underwriting commissions. The underwriters partially exercised an over-allotment option on August 3, 2021, leading to the issuance and sale of an additional 3,250,000 units on August 5, 2021. This resulted in total gross proceeds of approximately $32.5 million from the over-allotment.