Plum Acquisition Corp. III (PLMJW)

Plum Acquisition Corp. III (PLUMA)

Please note that this information is accurate as of November 13, 2023, and may not reflect the most up-to-date information. It is important to conduct your own research before making any investment decisions.

Company Profile

Detailed history and background:

Plum Acquisition Corp. III is a blank check company, also known as a Special Purpose Acquisition Company (SPAC), formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses.

It was incorporated in Delaware on March 31, 2021, and has an initial public offering (IPO) on June 15, 2021, raising $125 million. The company is sponsored by Plum Acquisition Corp. II, a publicly traded SPAC that previously completed a business combination with fintech company Affirm Holdings, Inc.

Core business areas:

Plum Acquisition Corp. III does not have any operating business or revenue streams. Its primary purpose is to identify and acquire a target company within 24 months of its IPO. The company focuses on businesses in the financial technology, consumer technology, or e-commerce space.

Leadership team and corporate structure:

• Chairman and CEO: Howard W. Lutnick
• President and COO: Michael K. Karsch
• CFO: David M. Breslau

The board of directors comprises experienced executives from finance, technology, and law.

Top Products and Market Share

As a SPAC, Plum Acquisition Corp. III does not have any products or services. Its market share is therefore not applicable.

Total Addressable Market

The total addressable market (TAM) for Plum Acquisition Corp. III is difficult to quantify precisely, as it depends on the specific industry and size of the company it ultimately acquires. However, considering the company's focus on fintech, consumer technology, or e-commerce, the TAM could potentially be in the billions or even trillions of dollars.

Financial Performance

Since Plum Acquisition Corp. III is a SPAC in its pre-acquisition phase, it does not have any meaningful financial performance data to analyze.

Dividends and Shareholder Returns

As a SPAC, Plum Acquisition Corp. III does not pay dividends. The total shareholder return since its IPO in June 2021 has been negative, with the stock price currently trading below its IPO price.

Growth Trajectory

Plum Acquisition Corp. III's future growth trajectory will depend entirely on the target company it acquires and its subsequent performance. The company has not announced any specific future growth plans.

Market Dynamics

The financial technology, consumer technology, and e-commerce industries are experiencing significant growth and innovation. Plum Acquisition Corp. III seeks to capitalize on these trends by finding a target company with strong growth potential.

Competitors

Key competitors of Plum Acquisition Corp. III include other SPACs in the same industries, such as:

• Social Capital Hedosophia Holdings VI (IPOD)
• Gores Group, Inc. (GOMG)
• Churchill Capital VII (CHDN)

Plum Acquisition Corp. III will need to compete with these and other SPACs for attractive target companies.

Recent Acquisitions

As of November 13, 2023, Plum Acquisition Corp. III has not yet completed any acquisitions.

AI-Based Fundamental Rating

Given the lack of operational and financial data, it is not possible to provide an AI-based fundamental rating for Plum Acquisition Corp. III.

Sources and Disclaimers

The information in this overview was gathered from the following sources:

• Plum Acquisition Corp. III website
• Securities and Exchange Commission (SEC) filings
• Financial news articles

Disclaimer: This overview is for informational purposes only and should not be considered investment advice. It is important to conduct your own research and due diligence before making any investment decisions.

Additional Information

This overview provides a high-level summary of Plum Acquisition Corp. III. It is important to note that this information is incomplete due to the company's pre-acquisition phase. As further information becomes available, such as the announcement of a target company, this overview will be updated accordingly.