Monitor for the closing of the IPO and subsequent trading of units. The 12-month deadline for a business combination creates a catalyst timeline; any announcement of a target or extension vote will be a key event. The sponsor's founder shares and private placement units are subject to lock-up periods post-business combination.
Price Chart
Executive Summary
Plutonian Acquisition Corp. II filed an 8-K reporting the execution of an underwriting agreement for its IPO of 10,000,000 units at $10.00 per unit, along with related private placements, amended charter documents, and director appointments. The IPO is expected to raise $100,500,000 in gross proceeds for the trust account, with the company having 12 months to complete a business combination or liquidate.
Key Financial Metrics
Key Facts
- IPO of 10,000,000 units at $10.00 per unit, each unit consisting of one Class A ordinary share and one right to receive one-fourth of one Class A ordinary share upon a business combination.
- Underwriters have a 45-day over-allotment option to purchase up to an additional 1,500,000 units.
- Gross proceeds of $100,500,000 from the IPO to be deposited into a trust account.
- Sponsor to purchase 210,000 private placement units at $10.00 per unit simultaneously with the IPO closing.
- Company has 12 months from the closing date to complete a business combination or it will redeem public shares and liquidate.
- Amended and restated memorandum and articles of association adopted, effective upon listing.
- Underwriting agreement dated April 27, 2026, with A.G.P./Alliance Global Partners as representative.
- Sponsor holds 2,875,000 Class B ordinary shares (founder shares), up to 375,000 subject to forfeiture depending on over-allotment exercise.
- Registration rights agreement entered into with the sponsor covering founder shares, private placement units, and working capital loans.
Financial Impact
IPO gross proceeds of $100,500,000 deposited into trust account; sponsor private placement of $2,100,000 (210,000 units at $10.00).
Risk Factors
- Failure to complete a business combination within 12 months will result in liquidation and loss of value for public shareholders.
- Dilution from the over-allotment option and private placement units.
- No specific business combination target identified; risk of not finding a suitable target within the timeframe.
- Founder shares and private placement units have lock-up restrictions limiting near-term liquidity.
Market Snapshot
Documents Analyzed
This report is based on 3 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001477932-26-002696 |
| Document: pltn_ex11.htm | 0001477932-26-002696 |
| Document: pltn_ex103.htm | 0001477932-26-002696 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 22, 2026 4w ago | 425 | $10.07 $10.16 | ▲ +0.89% | ▲ +0.21% | $10.16 (+0.89%) |
Sep 22, 2026 4w ago | 8-K | $10.07 $10.16 | ▲ +0.89% | ▲ +0.21% | $10.16 (+0.89%) |
Sep 3, 2026 7w ago | 425 / 8-K | $10.06 $10.09 | ▲ +0.30% | ▲ +1.49% | $10.16 (+0.99%) |
Apr 30, 2026 25w ago | 8-K | — | awaiting T+20 | — | — |
Apr 28, 2026 25w ago | 424B4 | — | awaiting T+20 | — | — |
US Market Status
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