Liquidity has deteriorated significantly, with cash reserves falling to $93.5K in 2026Q1 and the emergence of $250.0K in debt obligations, signaling a shift toward leverage to fund ongoing search operations.
| Total Current Assets | 235.15K | 393.23K | 3.86K |
| Cash & Short-Term Investments | - | - | - |
| Cash Only | - | - | - |
| Short-Term Investments | - | - | - |
| Accounts Receivable | - | - | - |
| Days Sales Outstanding | - | - | - |
| Inventory | - | - | - |
| Days Inventory Outstanding | - | - | - |
| Other Current Assets | 0 | 0 | 0 |
| Total Non-Current Assets | 182.74M | 181.29M | 438.35K |
| Property, Plant & Equipment | 0 | 0 | 0 |
| Fixed Asset Turnover | - | - | - |
| Goodwill | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 |
| Long-Term Investments | 721.09M | 181.29M | 0 |
| Other Non-Current Assets | - | - | - |
| Total Assets | 182.97M | 181.68M | 442.22K |
| Asset Turnover | 0.00x | - | - |
| Asset Growth % | 141131007.1% | 40984.44% | - |
| Total Current Liabilities | 553.15K | 463.94K | 509.2K |
| Accounts Payable | 0 | 0 | 0 |
| Days Payables Outstanding | - | - | - |
| Short-Term Debt | 250K | 250K | 149.47K |
| Deferred Revenue (Current) | 0 | - | - |
| Other Current Liabilities | 0 | 0 | 0 |
| Current Ratio | 0.43x | 0.85x | 0.01x |
| Quick Ratio | 0.43x | 0.85x | 0.01x |
| Cash Conversion Cycle | - | - | - |
| Total Non-Current Liabilities | 6.9M | 6.9M | 0 |
| Long-Term Debt | 0 | 0 | 0 |
| Capital Lease Obligations | 0 | - | - |
| Deferred Tax Liabilities | 0 | - | - |
| Other Non-Current Liabilities | - | - | - |
| Total Liabilities | 7.45M | 7.36M | 509.2K |
| Total Debt | 250K | 250K | 149.47K |
| Net Debt | 156.49K | -46.25K | 145.61K |
| Debt / Equity | 0.00x | 0.00x | - |
| Debt / EBITDA | -0.26x | - | - |
| Net Debt / EBITDA | -0.16x | - | - |
| Interest Coverage | - | - | - |
| Total Equity | 175.52M | 174.32M | -66.98K |
| Equity Growth % | 200359432.33% | 260353.88% | - |
| Book Value per Share | 9.49 | 9.83 | -0.00 |
| Total Shareholders' Equity | 175.52M | 174.32M | -66.98K |
| Common Stock | 182.74M | 181.29M | 575 |
| Retained Earnings | -7.22M | -6.97M | -91.98K |
| Treasury Stock | 0 | 0 | 0 |
| Accumulated OCI | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 |
Binary deal execution failure
As reported in financial statements, PLMKW's cash position has declined from $577.4K in 2025Q1 to $93.5K by 2026Q1, signaling a tightening liquidity profile that complicates the company's ability to sustain its search for a viable business combination target without seeking additional external financing.
The consistent decline in cash reserves suggests that the company is consuming its limited operational capital to fund ongoing administrative and compliance requirements. This trajectory indicates that the entity is approaching a critical juncture where the lack of a target acquisition may necessitate dilutive capital raises or sponsor-led bridge loans.
Based on the most recent quarterly data, the current ratio has plummeted from 4.09 in 2025Q1 to 0.43 in 2026Q1, reflecting a significant deterioration in the company's ability to cover its short-term obligations using existing liquid assets as the search phase extends beyond initial expectations.
A current ratio falling below 1.0 indicates that current liabilities now exceed current assets, which may imply an increasing reliance on sponsor support to maintain operations. Investors should monitor this trend closely, as it suggests the company's financial flexibility is rapidly diminishing in the absence of a completed transaction.
According to recent SEC filings, the company has transitioned from a debt-free status in 2025Q2 to carrying $250.0K in debt by 2026Q1, marking a shift toward leverage to fund operations as internal cash reserves prove insufficient to cover the costs of the ongoing search process.
The introduction of debt into the capital structure, while modest in absolute terms, highlights the pressure on the balance sheet to sustain corporate functions. This development warrants further investigation into the terms of these obligations and whether they signal a potential for future equity dilution to satisfy creditors.
While total assets remain elevated at $183.0M as of 2026Q1, the vast majority of this figure is restricted within a trust account, which, as noted in financial disclosures, is unavailable for general corporate use and does not mitigate the company's underlying operational cash burn.
The headline asset figure may mislead investors regarding the company's true financial health, as the restricted nature of the trust funds prevents them from being used to offset rising administrative expenses. This structural limitation creates a disconnect between the company's total asset value and its actual ability to fund day-to-day operations.
Quick answers to the most common questions about buying PLMKW stock.
As of 2025, Plum Acquisition Corp. IV (PLMKW) had total assets of $181.7M including $0.4M in current assets.
Plum Acquisition Corp. IV (PLMKW) carries total debt of $0.3M. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
Plum Acquisition Corp. IV (PLMKW) has total shareholders' equity (book value) of $174.3M ($9.83 book value per share). Book value represents the net worth of the company belonging to common stock holders.
Plum Acquisition Corp. IV (PLMKW) reported a current ratio of 0.85x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.