Plutonian Acquisition Corp. II 8-K

What Happened
Plutonian Acquisition Corp. II announced it consummated its IPO on April 29, 2026, selling 10,000,000 units at $10.00 each (one Class A ordinary share plus one Right). The underwriters partially exercised a 45‑day over‑allotment option to buy 750,000 additional units at $10.00 each (exercise notified April 29; closing occurred May 5, 2026). Simultaneously on May 5, 2026 the company completed a private placement of 7,800 units to its Sponsor at $10.00 per unit. A total of $108,037,500 of net proceeds (reported as $10.05 per Unit) from the IPO, the option units and the private placement were placed in a trust account with Continental Stock Transfer & Trust as trustee. The filing also includes an unaudited pro forma balance sheet as of May 5, 2026.

Key Details

• IPO: 10,000,000 units at $10.00 each on April 29, 2026 — gross proceeds $100,000,000.
• Over‑allotment: Underwriters partially exercised option for 750,000 units at $10.00 each; closing May 5, 2026 — gross proceeds $7,500,000.
• Sponsor private placement: 7,800 units at $10.00 each — gross proceeds $78,000.
• Funds: $108,037,500 of net proceeds placed in trust (Continental Stock Transfer & Trust). An unaudited pro forma balance sheet as of May 5, 2026 is included in the filing.

Why It Matters
For investors, these actions finalize the SPAC’s capital structure and confirm the cash available in the trust to pursue an initial business combination. The partial exercise of the over‑allotment increased the available cash beyond the IPO amount, while the sponsor private placement is a common mechanism to fund sponsor shares. The pro forma balance sheet gives a snapshot of the company’s financial position after these transactions.