Plutonian Acquisition Corp announced a private placement and issued unsecured promissory note in the aggregate principal amount of $210,000 for gross proceeds $210,000 on May 15, 2024. The transaction included participation from returning investor, Big Tree Cloud International Group Limited. The promissory note bears no interest and is convertible into the Company?s shares of common stock at a price of $10.00 per unit (each unit is consisted of one share of common stock and one right to receive one-sixth (1/6) of a share of common stock) at the closing of a business combination by the Company.

The purpose of the extension is to provide more time for the Company to complete a business combination.