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BenzingaBenzinga··Stjepan Kalinic

California Lithium Developer CTR Merges with SPAC in $4.7B Deal

Controlled Thermal Resources merges with SPAC in $4.7B deal, securing $300M capital for California lithium-geothermal project with General Motors and Stellantis supply commitments.
GMSTLAPLMKPLMKUPLMKWSPAC mergerelectric vehicles
GlobeNewswire Inc.GlobeNewswire Inc.··Na

CTR to Go Public via $4.7B SPAC Merger, Targeting U.S. Lithium and Geothermal Production

Controlled Thermal Resources merges with Plum Acquisition Corp. IV in $4.7B deal to develop Hell's Kitchen geothermal and lithium project in California.
PLMKPLMKUPLMKWSPAC mergerrenewable energy