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Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers, Compensatory Arrangements of Certain Officers.
On April 28, 2025, the board of directors (the “Board”) of Plum Acquisition Corp. IV (the “Company”) appointed Mr. Aidin Aghamiri to serve as an independent director of the Company, effective April 25, 2025.
Mr. Aghamiri, 41, is an entrepreneur and business strategist. Since 2023, Mr. Aghamiri has served as a data center developer, focusing on the development of nationwide facilities specifically designed and optimized for artificial intelligence inference workloads. Previously, from 2007 to 2022, he was a Co-founder of ITRenew, where he served as CEO and as a member of its board of directors from 2017 to 2022. IT Renew supports hyperscale data center operators in managing, expanding, and optimizing their hardware infrastructure during periods of digital transformation and rapid data growth. Mr. Aghamiri earned a Bachelor of Science degree in Finance from Ohio State University and an MBA in Business from Duke University.
The Board determined that Mr. Aghamiri is an “independent director,” as defined under the applicable rules of the Securities Exchange Act of 1934, as amended, and the rules of Nasdaq. There are no arrangements or understandings between Mr. Aghamiri and any other person pursuant to which Mr. Aghamiri was selected as a director, and there is no family relationship between Mr. Aghamiri and any of the Company’s other directors or executive officers. The Company is not aware of any transaction involving Mr. Aghamiri requiring disclosure under Item 404(a) of Regulation S-K.
In connection with his appointment, Mr. Aghamiri signed joinders to (i) that certain letter agreement, dated January 14, 2025, by and among the Company, Plum Partners IV, LLC, and the Company’s officers and directors and (ii) that certain registration rights agreement, dated January 14, 2025, by and among the Company, Plum Partners IV, LLC, Cohen & Company Capital Markets, a division of J.V.B. Financial Group, LLC, and the other parties thereto. Mr. Aghamiri also entered into a standard director indemnity agreement with the Company, a form of which was filed as Exhibit 10.7 to the Company’s Current Report on Form 8-K filed with the Securities and Exchange Commission on January 16, 2025.
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Date: May 1, 2025 | PLUM ACQUISITION CORP. IV | |
By: | /s/ Kanishka Roy | |
Name: | Kanishka Roy | |
Title: | Chief Executive Officer |
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