# Plum Acquisition Corp. III

Plum Acquisition Corp. III is an Asset Manager based in New York, United States.

## Overview

- **Organization type:** Asset Manager
- **Headquarters:** New York, United States
- **Region:** North America
- **Address:** New York, NY, United States
- **Founded:** 2021
- **Assets under management:** Undisclosed
- **Website:** plumpartners.com
- **LinkedIn:** https://www.linkedin.com/company/plum3

## Regulatory record

- **Reports private funds:** No

## About

Plum Acquisition Corp. III is a blank-check company formed in 2021 and listed on the Nasdaq under the ticker PLMJ. Kanishka Roy serves as Chairman and CEO. The partnership combines Burns's operational and public-company governance pedigree with Roy's deal-execution background. The SPAC's stated mandate targets enterprise technology businesses with proven product-market fit, typically generating at least $100 million in annual revenue. Sectors of focus include enterprise software, AI/ML-enabled platforms, fintech infrastructure, healthcare IT, and cybersecurity. The vehicle evaluates North American and European targets, favoring companies with sticky recurring revenue models and strong retention metrics. The trust account held approximately $310 million following the IPO (per SEC filings, 2021), giving the team firepower to pursue a substantial take-public transaction. With a 24-month deadline to complete a business combination, Plum III operates as a lean vehicle with a small board and no permanent staff beyond the principals. Burns concurrently serves on multiple public boards including Uber Technologies and ExxonMobil, bringing a rare combination of large-cap governance and government-tested leadership — she previously led the White House National STEM Initiative and served on the President's Export Council. The SPAC universe has contracted sharply since 2021, with many peer vehicles liquidating without deals. Plum III's structural edge lies in Burns's access to founder-led enterprise companies that a conventional growth equity shop might struggle to reach. Few blank-check vehicles can pair a high-profile independent operator with a board network spanning the Fortune 100, the federal government, and Silicon Valley. This unusual combination of public stature and private deal-hunting shapes the vehicle's posture as a premium liquidity partner for companies choosing between an IPO and a direct listing.

## Sectors

- Enterprise Software
- AI/ML
- FinTech
- Healthcare Services
- Cybersecurity

## People

- Ursula Burns — Chairperson and CEO
- Kanishka Roy — President and Director

## Questions

### Who makes the investment decision at Plum Acquisition Corp. III?

Ursula Burns and Kanishka Roy lead the process as Chairperson/CEO and President, respectively. Burns's public-company and boardroom experience — she led Xerox and serves on the boards of Uber and ExxonMobil — gives her unusual authority for a SPAC sponsor. The final deal requires shareholder approval, but Burns and Roy control the target search, negotiation, and recommendation to shareholders.

### How is Plum Acquisition Corp. III different from Ursula Burns's previous SPACs?

Plum III is the third SPAC Burns has chaired, following Plum Acquisition Corp. I and II. Each vehicle raised separate pools of capital and pursued independent business combinations. Plum I completed a merger with Sakuu Holdings, a solid-state battery manufacturer, in 2024. Plum II and III remain pre-deal. Each vehicle is independently managed under the broader Plum Partners umbrella.

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Last updated: 2026-06-28T22:10:17.276Z

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