Pine Tree Acquisition Corp. Announces Closing of $100,000,000 Initial Public Offering
Key Highlights
- ➤Pine Tree Acquisition Corp. completed a $100,000,000 initial public offering
- ➤10,000,000 units priced at $10.00 each began trading under PAXGU
- ➤$100,000,000 from offering and private placement was placed in trust
- ➤Underwriters received a 45-day option for 1,500,000 additional units
Expert Statements
Wei Qian, Chairman of the Board and Chief Executive Officer of Pine Tree Acquisition Corp.
“No assurance can be given that the net proceeds of the offering will be used as indicated in the prospectus.”
NEW YORK, NY / ACCESS Newswire / October 7, 2026 / Pine Tree Acquisition Corp. (the "Company") announced today that it completed its initial public offering of 10,000,000 units at $10.00 per unit. The offering resulted in gross proceeds to the Company of $100,000,000.
The Company's units are listed on the Nasdaq Global Market ("Nasdaq") under the ticker symbol "PAXGU." Each unit consists of one Class A ordinary share and one right entitling its holder to receive three-fourths (3/4) of one Class A ordinary share upon the Company's consummation of an initial business combination, subject to adjustment. Once the securities comprising the units begin separate trading, the Class A ordinary shares and rights are expected to be listed on Nasdaq under the symbols "PAXG" and "PAXGR," respectively.
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