
Controlled Thermal Resources SPAC Merger: The Bull and Bear Case
Controlled Thermal Resources is going public through a merger with Plum Acquisition Corp. IV (PLMK), with the deal expected to close in the second half of 2026. The bull case is a rare combo of domestic lithium and geothermal power; the bear case is a pre-revenue project with heavy execution, redemption, and dilution risk.










