Tactical Resources Gains Shareholder Approval for Business Combination

Tactical Resources Corp. has announced that its shareholders have approved a special resolution for a business combination with Plum Acquisition Corp. III. The arrangement involves several companies, including Plum and Amalco, combining to form a new entity, "New PubCo." This merger requires Plum to relocate from the Cayman Islands to British Columbia, where it will merge with PubCo. The new entity will be listed on NASDAQ, with the process expected to complete by 2026, pending approvals.

In exchange for Tactical shares, shareholders will receive shares in the newly formed company, subject to transfer restrictions for up to six months. This move is aligned with NASDAQ's listing standards. Additionally, options held by shareholders will be adjusted accordingly. Shareholder approval included electing the company's directors and re-appointing Manning Elliott LLP as auditor. About 99.979% of votes favored this merger.