- Tactical Sources (OTCPK:USREF) and Plum Acquisition III (NASDAQ:PLMJ) has entered right into a definitive enterprise mixture settlement.
- The Proposed Enterprise Mixture implies a professional forma enterprise worth of $589M, assuming Tactical Sources is delivered on a money free, debt free foundation.
- Below the phrases, Tactical Sources’ present shareholders will convert 100% of their fairness/possession stakes into New Pubco and are anticipated to personal ~82% of New Pubco upon consummation of the Proposed Enterprise Mixture.
- Transaction proceeds will assist Tactical Sources’ strategic development plan, which incorporates serving to finance Tactical Sources’ operations plan on the Peak Mission and the development of Tactical Sources’ future manufacturing actions.
- The proposed enterprise mixture is predicted to be accomplished within the This fall 2024.
