Plum Acquisition Corp. I announced private placement of 6,000,000 redeemable warrants at a price of $1.50 per warrant for gross proceeds of $9,000,000 with existing investor Plum Partners, LLC on January 29, 2021. Each warrant is exercisable at $11.50 per class A share, subject to adjustment 30 days after the completion of initial business combination and 12 months from the closing of public offering. The company will issue 6,600,000 warrants if the underwriters over-allotment option is exercised in full. The transaction will close concurrently with the closing of public offering.