Greenberg Traurig Advising Plum Acquisition Corp. IV on a Go-Public Merger with Controlled Thermal Resources

NEW YORK - March 9, 2026 - Global law firm Greenberg Traurig, LLP is advising Plum Acquisition Corp. IV (Plum IV) (Nasdaq: PLMK) in connection with its execution of a definitive business combination agreement with Controlled Thermal Resources Holdings Inc. (CTR), an emerging leader in U.S. critical minerals and clean geothermal energy development, that will result in CTR becoming a publicly traded company in the United States. The proposed transaction reflects a pro forma enterprise value of approximately $4.7 billion and is expected to be completed in the second half of 2026, subject to customary closing conditions, including regulatory and shareholder approvals.

CTR is developing its flagship Hell's Kitchen Project in California's Imperial Valley, widely regarded as one of the largest and most advanced geothermal energy and critical minerals developments in the United States. Through its two wholly owned subsidiaries, American Data Power and American Critical Resources, CTR is pursuing a phased buildout designed to deliver up to 650 megawatts of renewable baseload electricity to power next-generation AI and hyperscale computing infrastructure, alongside an estimated 100,000 metric tons per year of lithium carbonate production at full scale.

The proposed transaction is intended to accelerate CTR's development timeline and support the commencement of Stage 1 construction, which is anticipated to include a 50 MW clean power facility, lithium carbonate production capacity of up to 25,000 metric tons per year, and additional critical mineral production.

The multioffice Greenberg Traurig team was led by Corporate Shareholders Alan I. Annex in Miami, Adam S. Namoury in New York, and Tricia Branker in West Palm Beach; New York Corporate Associates Ricardo Crispim Leite, John Diamandis, Hailey Burton Petrick, and Benjamin Cohen; and New York Corporate Law Clerk/JD Henry Scherck.

Other Greenberg Traurig team members included Northern Virginia Tax Shareholders Robert D. Simon and James Maynor; Washington, D.C., Antitrust Litigation & Competition Regulation Shareholder Justin P. Hedge, Philadelphia Environmental Shareholder Giuliano Apadula, Philadelphia Environmental Associate Julie P. Dostal, Miami Benefits & Compensation Shareholder Mindy B. Leathe, New York Benefits & Compensation Associate Phillip Popkin, Atlanta Labor & Employment Shareholder Whitney Bly Edwards, Ph.D., New York Intellectual Property & Technology Shareholder David M. Greenberg, Philadelphia Intellectual Property & Technology Associate Sukhdeep S. Gill, Las Vegas Real Estate Shareholder David Edington, and Las Vegas Real Estate Of Counsel Justin Allsop.

About Plum Acquisition Corp. IV: Plum IV is a publicly traded special purpose acquisition company led by an experienced team with a track record of sourcing and executing complex public-market transactions, Plum IV aims to identify companies positioned to deliver long-term value through technological advancements, disruptive business models, and secular long-term trends. For more information, visit the website.