Plum Acquisition Corp III-A 2026 Annual Report

PLUM ACQUISITION CORP. III PART 1 - FINANCIAL INFORMATION Condensed Statements of Operations for the three months ended March 31, 2026 and 2025 (Unaudited)2 March31,2026December31, ASSETSCurrent assets:Cash$438$Prepaid expenses5,625 LIABILITIES AND SHAREHOLDERS’ DEFICIT Current liabilities:Accounts payable$1,164,979$1,120,273Accrued expenses and other current liabilities2,882,5632,780,664Promissory note - related party2,164,8672,124,867 Commitments (Note 6)Class A ordinary shares subject to possible redemption, 42,486 shares at redemption value of approximately $11.72 and $11.64 per share at March 31, 2026 and December 31, 2025, respectively497,828494,421 Shareholders’ Deficit Preference shares, $0.0001 par value; 1,000,000 shares authorized; none issued and outstanding——Class A ordinary shares, $0.0001 par value; 200,000,000 shares authorized; 865,000 shares issuedand outstanding at March 31, 2026 and December 31, 2025; excluding 42,486 shares subject topossible redemption as of March 31, 2026 and December 31, 20258787Class B ordinary shares, $0.0001 par value; 20,000,000 shares authorized; 7,062,500 shares issued The accompanying notes are an integral part of these unaudited condensed financial statements. NOTE 1. DESCRIPTION OF ORGANIZATION AND BUSINESS OPERATIONS AND LIQUIDITY Plum Acquisition Corp. III (fka Alpha Partners Technology Merger Corp.) (the “Company”) is a blank check company incorporated inthe Cayman Islands on February5, 2021. The Company was formed for the purpose of entering into a merger, share exchange, assetacquisition, share purchase, reorganization or similar business combination with one or more businesses (an “Initial BusinessCombination”). The Company is not limited to a particular industry or geographic region for purposes of consummating a InitialBusiness Combination. The Company is an early stage and emerging growth company and, as such, the Company is subject to all ofthe risks associated with early stage and emerging growth companies. On December 27, 2023, the Company, the Original Sponsor (asdefined below) and Mercury Capital, LLC (the “Sponsor”) entered into a purchase agreement (the “Purchase Agreement”), pursuant towhich, at a closing on December 28, 2023 (the “Closing”), the Sponsor (i) purchased 3,902,648 Founder Units (as defined in Note 5)of the Company from the Original Sponsor, each unit consisting of one Class B ordinary share and one-third of one redeemablewarrant to acquire one Class B share, which Founder Units are subject to forfeiture in certain circumstances, and (ii) became entitledto 70% of 2,030,860 Founder Units that the Original Sponsor placed in escrow at the Closing to the extent such Founder Units areallocated to investors who hold and do not redeem their Class A ordinary shares of the Company at the time of the Company’s InitialBusiness Combination, for an aggregate purchase price of $1. Subsequently, on January 26, 2024, the Company, the Original Sponsor,and the Sponsor entered into a first amendment to the Purchase Agreement to correct the number of shares that the Original Sponsor The Original Sponsor and the Sponsor each agreed to pay $112,500 in extension contributions in each of December 2023 and January2024. As of December 31, 2023, there was a $112,500 deposit into the Trust Account due from the Sponsor and the Original Sponsor,respectively, representing the December 2023 extension contribution. On January 24, 2024, the second payment of $112,500 wasdeposited into the Trust Account. In addition, pursuant to the terms of the Purchase Agreement, the Original Sponsor agreed to pay, or Following the Closing, the Original Sponsor has no further obligations with respect to the Company and the Sponsor assumed allobligations relating to the Company, including, (i) to cause the Company to file a proxy statement providing public investors of theCompany with the option to accept a revised trust extension arrangement or redeem their Class A ordinary shares and receive their prorata share of the Company’s Trust Account (as defined below), (ii) to cause the Company to satisfy all of its public reporting As of March 31, 2026, the Company had not commenced any operations. All activity from inception through March 31, 2026, relatesto the search for a prospective Initial Business Combination, entering into a definitive business combination agreement, and steps tocomplete an Initial Business Combination. The Company will not generate any operating revenues until after the completion of an The registration statement for the Company’s Initial Public Offering was declared effective on July27, 2021. On July30, 2021, theCompany consummated the Initial Public Offering of 25,000,000 units (the “Units” and, with respect to the Class A ordinary shares PLUM ACQUISITION CORP. IIINOTES TO UNAUDITED CONDENSED FINANCIAL STATEMENTS Simultaneously with the closing of the Initial Public Offering, the Company consummated the sale of 800,000 units (the “Privat