SPAC Plutonian Acquisition II files for $100 million IPO, targeting energy storage, telecom, and consumer sectors
April 28, 2026 News
SPAC Plutonian Acquisition II prices $100 million IPO, targeting energy storage and telecom
Plutonian Acquisition II, a blank check company targeting energy storage, telecom, and consumer sectors, raised $100 million by offering 10 million units at $10. Each unit consists of one share of common stock and one right to receive one-fourth of one ordinary share upon the consummation of an initial business combination.
IPO Overview
Plutonian Acquisition II, a blank check company targeting energy storage, telecom, and consumer sectors, announced terms for its IPO on Tuesday.
The New York, NY-based company plans to raise $100 million by offering 10 million shares at a price of $10. Each unit consists of one share of common stock and one right to receive one-sixth of one ordinary share upon the consummation of an initial business combination.
The company is led by CEO and Chairman Wei Kwang Ng, who previously served as the CEO of Plutonian Acquisition, which merged with personal care products company Big Tree Cloud Holdings （Nasdaq: DSY; -98% from initial $10 offering price）。 He is joined by CFO Xiao Cheng Peng, who currently serves as the CFO and Non-Independent Director at Healthcare AI Acquisition and Director at Everpower International Holdings.
The SPAC plans to target companies engaged in energy storage, telecommunications, and consumer sectors, with a rising demand for sustainable infrastructure and technological innovation.
Plutonian Acquisition II was founded in 2024 and plans to list on the NYSE under the symbol PLUNU. A.G.P. is the sole bookrunner on the deal.
About the Company
We are a blank check company incorporated in the Cayman Islands on November 1, 2024 as an exempted company with limited liability （meaning that our public shareholders have no liability, as shareholders of our company, for the liabilities of our company over and above the amount paid for their shares）。 We were formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization or similar business combination with one or more businesses or entities, which we refer to as a “target business.” Our efforts to identify a prospective target business will not be limited to a particular industry or geographic location although we intend to focus our search for a target business on companies engaged in energy storage, telecommunications, and consumer sectors. We do not have any specific business combination under consideration and we have not （nor has anyone on our behalf）， directly or indirectly, contacted any prospective target business or had any substantive discussions, formal or otherwise, with respect to such a transaction. Additionally, we have not engaged or retained any agent or other representative to identify or locate any suitable acquisition candidate, to conduct any research or take any measures, directly or indirectly, to locate or contact a target business.