Controlled Thermal Resources says $205 million of convertible debt converts to equity in Plum IV deal closing

• Plum Acquisition Corp. IV-backed Controlled Thermal Resources expects about $205 million of existing convertible debt to convert to equity at closing.
• Roughly $40 million of additional convertible debt is expected to convert into a new planned PIPE tied to the deal.
• Convertible notes are expected to total about $245 million at closing, shifting debt into equity ahead of a proposed Nasdaq listing.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Plum Acquisition Corp. IV published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001213900-26-105485), on October 01, 2026, and is solely responsible for the information contained therein.