Plum Acquisition Corp. III to merge with Tactical Resources Corp. to advance rare earth element production
Oct 29, 2024•about 1 year ago
Acquiring Company
Plum Acquisition Corp. III
Acquired Company
Tactical Resources
MineralMiningManufacturing
Description
Plum Acquisition Corp. III, a publicly traded special purpose acquisition company, has filed a Form F-4 Registration Statement with the U.S. Securities and Exchange Commission regarding its proposed business combination with Tactical Resources Corp. The proposed Business Combination aims to form a new publicly traded entity ('Pubco') with a focus on advancing the development strategy for the production of rare earth elements at Tactical Resources Corp.'s Peak Project in Texas.
M&A Insights
Based on deal dataIntegration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed