Plum Acquisition Corp. IV Reports Net Income of $1.6M for Quarter Ending June 30, 2025

Plum Acquisition Corp. IV has reported its financial results for the quarter ending June 30, 2025, revealing a net income of $1,629,227 for the three-month period and $2,811,282 for the six months ended June 30, 2025. This marks a significant increase compared to the previous fiscal period, where the company reported a net loss of $28,263 from its inception on June 10, 2024, through June 30, 2024. The positive results were primarily driven by interest income earned on investments held in the Trust Account, which amounted to $1,867,009 for the quarter and $3,355,409 for the six-month period.

The company has seen substantial changes in its financial position since the end of 2024. As of June 30, 2025, total assets reached $178,144,787, a significant increase from $442,216 at the end of the previous year. This growth is largely attributed to the successful completion of its initial public offering (IPO) on January 16, 2025, which raised gross proceeds of $172,500,000 from the sale of 17,250,000 units. Additionally, the company raised $6,728,750 from the sale of private placement units, further bolstering its financial resources.

Operationally, Plum Acquisition Corp. IV has not yet commenced any business operations, as it is a blank check company focused on identifying a target for a business combination. As of June 30, 2025, the company had 18,492,875 Class A ordinary shares and 5,750,000 Class B ordinary shares outstanding. The company has also incurred general and administrative expenses of $237,782 for the quarter and $544,127 for the six months, reflecting its ongoing costs associated with being a public entity and preparing for a potential business combination.

Looking ahead, the company has expressed concerns regarding its ability to continue as a going concern. As of June 30, 2025, it had cash of $375,823 and a working capital of $351,062, but it anticipates incurring significant costs in pursuit of its acquisition plans. Management has indicated that there is substantial doubt about the company's ability to raise the necessary capital to complete a business combination, which could lead to mandatory liquidation if a deal is not finalized within the stipulated timeframe. The company has until 18 months from the IPO to complete a business combination, or it may face dissolution.