Tactical Resources Announces Exchange Ratio for Business Combination with Plum Acquisition Corp. III
Tactical Resources Corp. (“Tactical” or the “Company”) (TSXV: RARE) (OTC: USREF), a U.S.-focused rare earth elements development company, today announced the exchange ratio applicable to its previously announced business combination (the "Business Combination") with Plum Acquisition Corp. III ("Plum") (OTC: PLMJF), pursuant to the business combination agreement (the "Business Combination Agreement") dated August 22, 2024, as amended. Pursuant to the Business Combination Agreement, following a series of amalgamation transactions, Tactical will continue as a wholly-owned subsidiary of a new parent entity ("New PubCo"), which will be renamed "Tactical Resources Corp." The Business Combination is expected to close on July 28, 2026 (the "Closing"). Following the Closing, common shares of New PubCo (“New PubCo Common Shares”) are expected to begin trading on the Nasdaq Capital Market under the ticker symbol "TREO".
Tactical Resources and Plum Acquisition Corp. III Announce Receipt of Nasdaq Approval; Transaction Expected to Close on July 28, 2026
Tactical Resources Corp. (TSXV:RARE) (OTC:USREF) (“Tactical” or the “Company”), a U.S.-focused rare earth elements development company, today announced that it has received an approval letter from the Nasdaq Listing Center for the listing of the common shares of the resulting issuer (“New PubCo”) and the trading of those shares on the Nasdaq Capital Market upon completion of the business combination (the "Business Combination") with Plum Acquisition Corp. III (OTC:PLMJF) (“Plum”).
