Plum Acquisition IV Q2 net income falls 64.57% to $577,124 year over year
PLMK•Q2 and first-half results
- Plum Acquisition Corp. IV posted net income of USD 577,124 for the quarter ended June 30, 2026.
- Interest earned on investments held in the trust account was USD 1.68 million; general and administrative expenses totaled USD 1.11 million.
- For the six months ended June 30, 2026, net income was USD 1.78 million on USD 3.13 million of trust-account interest.
Merger timeline and valuation update
- CTR merger timeline was extended to April 30, 2027; implied valuation was cut to USD 3.15 billion from USD 4.5 billion.
Cash, working capital and going concern
- Cash was USD 288,518 as of June 30, 2026; working capital deficit was USD 1.42 million, raising substantial doubt about going concern.
