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Plutonian Acquisition Corp. announces additional contribution to trust account to extend period until complete business combination


NEW YORK, May 15, 2024 PRNewswire — Plutonian Acquisition Corp. (NASDAQ: PLTN, the “Company”), a special purpose acquisition company, today announced that Big Tree Cloud International Group Limited (“Big Tree Cloud”) has deposited funds into the Company’s trust account (the “Trust Account”) for a total of $210,000, to extend the period the Company has to complete a business combination for three additional months, from May 15, 2024 to August 15, 2024. The Company has issued a promissory note to Big Tree Cloud in a principal amount equal to to the amount deposited. The promissory note bears no interest and is convertible into shares of the Company’s common stock at a price of $10.00 per unit (each unit consists of one common share and one right to receive one-sixth (16) of one common share. shares) upon conclusion of a business combination by the Company. The purpose of the extension is to give the Company more time to complete a business combination.

About Plutonian Acquisition Corp.

Plutonian Acquisition Corp. is a Delaware corporation organized as a blank check company for the purpose of engaging in a merger, stock exchange, asset acquisition, stock purchase, recapitalization, reorganization, or similar business combination with one or more businesses or entities. The company’s efforts to identify a potential target business will not be limited to a particular industry or geographic region, although it plans to focus its search for a target business on companies involved in metaverse technologies, tourism and e-commerce. commerce-related industries in the Asia Pacific or APAC region. The company positively excludes as an initial business combination any company whose financial statements are audited by an accounting firm that the United States Public Company Accounting Oversight Board cannot inspect for two consecutive years beginning in 2021, and any target company with Chinese operations consolidated. via a VIE structure.

Forward-Looking Statements

This press release contains forward-looking statements that involve risks and uncertainties. Forward-looking statements are statements that are not historical facts. Such forward-looking statements, including the successful completion of the Company’s initial public offering, are subject to risks and uncertainties that could cause actual results to differ from the forward-looking statements. The Company expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in the Company’s expectations with respect thereto or any change in events, conditions or circumstances on which any statement is based display.