PLUN · Plutonian Acquisition Corp II

Plutonian Acquisition Corp II, a blank check company, completed its initial public offering of 10,000,000 units at $10.00 per unit, generating $100 million in gross proceeds. Each unit consists of one Class A ordinary share and one right to receive one-fourth of one Class A ordinary share upon a future business combination. Simultaneously, the sponsor purchased 210,000 private units at $10.00 each, raising an additional $2.1 million. A total of $100.5 million from the IPO and private placement was deposited into a trust account for the benefit of public shareholders. The company entered into several material agreements, including an underwriting agreement, rights agreement, letter agreement with insiders, investment management trust agreement, registration rights agreement, private placement subscription agreement, indemnity agreements, and an administrative services agreement. Three new directors were appointed effective April 27, 2026. The company also adopted amended and restated memorandum and articles of association. The underwriters have a 45-day option to purchase up to 1,500,000 additional units to cover over-allotments. The company intends to search for a target business for a merger or acquisition, with no specific industry focus.