Plum Acquisition Corp. III 8-K

What Happened

• Plum Acquisition Corp. III disclosed (8-K filed April 15, 2026) that on April 7, 2026 Plum III Merger Corp. (“PubCo”), Sierra Blanca Quarry, LLC (“Seller”), and Tactical Resources Corp. (“Buyer” or “Tactical”) entered into an Asset Purchase Agreement.
• Under the agreement, Tactical (Buyer) will purchase approximately 1.5 million tons of processed tailings from Seller, and PubCo will issue approximately 3,000,000 shares of its common stock (the “Stock Consideration”) to Seller at closing.
• Closing is subject to customary conditions, including the closing of the previously announced business combination among Plum Acquisition Corp. III (“Plum”), Tactical and PubCo. Tactical issued a press release about the agreement on April 15, 2026 (Exhibit 99.1).

Key Details

• Asset: ~1.5 million tons of processed tailings to be transferred from Sierra Blanca Quarry, LLC to Tactical.
• Stock consideration: ~3,000,000 shares of PubCo common stock to be issued to the Seller at closing.
• Condition: Transaction closing is contingent on completion of the previously announced business combination among Plum, Tactical and PubCo.
• Resale registration: PubCo will file a registration statement (Form S-3/F-3 or S-1/F-1 if ineligible) to permit resale of the Stock Consideration under SEC rules.

Why It Matters

• The agreement ties a specific asset purchase (processed tailings) to the larger, previously announced business combination; the asset sale and share issuance will only occur if that business combination closes.
• Issuing ~3,000,000 PubCo shares to the Seller is a concrete change to post-closing share allocation and will be subject to resale registration, which may affect the Seller’s ability to sell those shares in the public market once registered.
• Investors should note the linkage between this asset deal and the pending merger—both the transfer of assets and the equity issuance remain conditional on the business combination closing.