Tactical Resources Amends Business Combination with Plum Acquisition Corp. III

Tactical Resources Corp. has announced a third amendment to its business combination agreement with Plum Acquisition Corp. III. This amendment introduces transfer restrictions on 80% to 85% of Pubco shares for Tactical Resources' shareholders post-amalgamation, aligning with Nasdaq requirements. Key stakeholders have agreed to similar restrictions. Completion is anticipated in Q4 2025, contingent on essential approvals, with the deadline for finalization extended to July 30, 2026.

Tactical Resources' board approved the amendment, supported by an independent fairness opinion. Both companies aim to finalize the merger, subject to shareholder, regulatory, and court endorsements. This venture stands to significantly impact the company's position within the industry, should it reach fruition as planned.