Monitor the over-allotment option expiration (Nov 20, 2026) — if unexercised, 642,857 founder shares will be forfeited. The clock is now running on the 12-month business combination deadline; any target announcement or extension vote will be the next catalyst.
Price Chart
Executive Summary
Pine Tree Acquisition Corp. completed its $100M IPO on October 7, 2026, selling 10M units at $10.00/unit, with a simultaneous $1.4M private placement to sponsors. The filing is a standard SPAC IPO closing report — the company has no operations, no target selected, and $100M in trust. The cross-filed SC 13D (filed 1 day prior) by the sponsor group is a routine beneficial ownership disclosure, not an activist campaign, so no escalation applies.
Key Financial Metrics
Key Facts
- Gross IPO proceeds of $100,000,000 from 10,000,000 units at $10.00/unit
- Simultaneous private placement of 140,000 units to sponsors for $1,400,000
- 400,000 Representative Shares issued to underwriter Maxim Group LLC as non-cash compensation
- $100,000,000 deposited in trust account ($10.00 per public share)
- Company has 12 months (until October 7, 2027) to complete a business combination
- No target business selected and no substantive discussions initiated as of filing date
- Working capital of $361,280; no going concern issues identified
- Over-allotment option for up to 1,500,000 additional units (45-day window, expires Nov 20, 2026) unexercised as of filing
Financial Impact
Standard SPAC IPO — $100M trust, $1.4M PIPE from sponsors, $4.67M in total transaction costs
Risk Factors
- No target identified — risk of liquidation if no deal within 12 months
- Low probability of successful acquisition (10% assumed in rights valuation)
- Limited working capital ($361K) to fund search and transaction costs
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001477932-26-006216 |
| Document: ptree_8k.htm | 0001477932-26-006216 |
| Document: ptree_ex992.htm | 0001477932-26-006216 |
| Document: 0001477932-26-006216-index-headers.html | 0001477932-26-006216 |
| Document: 0001477932-26-006216-index.html | 0001477932-26-006216 |
| Document: 0001477932-26-006216.txt | 0001477932-26-006216 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 21, 2026 5d ago | 8-K | — | awaiting T+20 | — | — |
Oct 15, 2026 11d ago | 8-K | — | awaiting T+20 | — | — |
Oct 14, 2026 12d ago | 8-K | — | awaiting T+20 | — | — |
Oct 13, 2026 13d ago | SC 13D | — | awaiting T+20 | — | — |
Oct 13, 2026 13d ago | SC 13G | — | awaiting T+20 | — | — |
Oct 9, 2026 17d ago | SC 13G | — | awaiting T+20 | — | — |
Oct 8, 2026 18d ago | SC 13G | — | awaiting T+20 | — | — |
Oct 7, 2026 19d ago | 8-K | — | awaiting T+20 | — | — |
Oct 6, 2026 20d ago | 424B4 | — | awaiting T+20 | — | — |
Oct 6, 2026 20d ago | EFFECT | — | awaiting T+20 | — | — |
US Market Status
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