Sakuu failed to go public via a SPAC merger with Plum Acquisition I in a $705m deal.

Sakuu, a transformative additive manufacturing and solid-state battery company, failed to go public via a SPAC merger with Plum Acquisition I, a special purpose acquisition company, in a $705m deal. Plum Acquisition in an 8-K said it received a deal termination notice from merger partner Sakuu. As a result, the SPAC said its board has decided not to extend the termination deadline beyond June 18 and will redeem shares, instead.