Approximately $205 Million of Existing Convertible Debt Expected to Convert to Equity at Close of the Proposed Business Combination, with an Additional Approximately $40 Million Expected to Convert into a New Planned PIPE Simplified Capital Structure Expected to Support Financing of CTR's Power-First Development Strategy Ahead of Proposed Nasdaq Listing CTR plans to develop approximately 650 MW of renewable baseload geothermal generation for potential of co-location of AI data centers IMPERIAL, Calif. and SAN FRANCISCO, Oct. 01, 2026 (GLOBE NEWSWIRE) -- Controlled Thermal Resources Holdings Inc. ("CTR" or the "Company"), developer of one of America's largest and most advanced geothermal power and critical minerals projects, and Plum Acquisition Corp. IV (Nasdaq: PLMK) ("Plum IV"), a publicly traded special purpose acquisition company, today announced a series of agreements between CTR and certain strategic investors that are expected to materially strengthen CTR's capital structure in connection with their previously announced proposed business combination.
