Plum Acquisition Corp. I
2021 Fillmore St. #2089
San Francisco, California 94115
September 12, 2022
VIA EDGAR
U.S. Securities and Exchange Commission
Division of Corporation Finance
Office of Real Estate & Construction
Washington, D.C. 20549
Attention: Paul Cline and Wilson Lee
| Re: | Plum Acquisition Corp. I Form 10-K for the year ended December 31, 2021 Filed on April 22, 2022 File No. 001-40218 |
Dear Mr. Cline and Mr. Lee:
Plum Acquisition Corp. I (the “Company”) hereby transmits its response to the comment letter received from the staff (the “Staff”) of the U.S. Securities and Exchange Commission, dated August 23, 2022. For the Staff’s convenience, we have repeated below the Staff’s comment in bold and have followed the comment with the Company’s response.
Form 10-K for the year ended December 31, 2021
General
| 1. | With a view toward disclosure, please tell us whether your sponsor is, is controlled by, or has substantial ties with a non-U.S. person. If so, please revise your disclosure in future filings to include disclosure that addresses how this fact could impact your ability to complete your initial business combination. For instance, discuss the risk to investors that you may not be able to complete an initial business combination with a U.S. target company should the transaction be subject to review by a U.S. government entity, such as the Committee on Foreign Investment in the United States (CFIUS), or ultimately prohibited. Disclose that as a result, the pool of potential targets with which you could complete an initial business combination may be limited. Further, disclose that the time necessary for government review of the transaction or a decision to prohibit the transaction could prevent you from completing an initial business combination and require you to liquidate. Disclose the consequences of liquidation to investors, such as the losses of the investment opportunity in a target company, any price appreciation in the combined company, and the warrants, which would expire worthless. Please include an example of your intended disclosure in your response. |
Response: The Company acknowledges the Staff’s comment and advises the Staff that the Company’s sponsor, Plum Partners, LLC, is a Delaware limited liability company, and is neither controlled by, nor does it have substantial ties with, any non-U.S. person.
* * *
U.S. Securities and Exchange Commission
Division of Corporation Finance
September 12, 2022
Page 2
We thank the Staff in advance for its consideration of the foregoing. If you have any questions related to this letter, please contact Peter S. Seligson of Kirkland & Ellis LLP at (212) 446-4756.
Sincerely, |
/s/ Kanishka Roy |
Name: Kanishka Roy Title: President and Co-Chief Executive |
Via E-mail:
| cc: | Peter S. Seligson |
Kirkland & Ellis LLP
