Plutonian Acquisition Corp II is a SPAC incorporated in the Cayman Islands with no operations, raised to identify and complete a merger, asset acquisition, or similar business combination with one or more target businesses. The company raised $100M through an IPO of 10M units at $10.00 per unit, with substantially all proceeds held in a trust account invested in U.S. Treasuries or qualifying money market funds until a deal closes or the company liquidates. The sponsor, Plutonian Capital II, purchased founder shares for a nominal price and will also buy private placement units at $10.00 each, giving the sponsor a low-cost basis and the ability to recoup its investment at a post-combination share price as low as $0.78. Public shareholders can redeem shares at approximately $10.05 per share regardless of how they vote on a proposed combination, and if no deal is completed within 12 months, the company liquidates and returns trust funds to public shareholders. Plutonian II targets companies with enterprise values between $150M and $300M, preferably cash-generative, focusing on energy storage, telecommunications, and consumer sectors. The company explicitly excludes targets with China-based operations, VIE structures, or PCAOB-uninspected auditors. The management team, led by CEO Wei Kwang Ng, argues its Asia Pacific network supports deal sourcing, though the predecessor SPAC, Plutonian Acquisition Corp, experienced near-total shareholder redemptions before completing its combination.