The partial over-allotment exercise adds modest cash to the trust but also increases the potential future dilution from the rights component (each entitling holders to 3/4 of a Class A share upon a business combination. Monitor for a target announcement to assess the trust value per share and potential dilution.
Price Chart
Executive Summary
Pine Tree Acquisition Corp. closed the partial exercise of the over-allotment option from its IPO, selling 600,000 units at $10.00 each for gross proceeds of $6,000,000. An additional 24,000 ordinary shares were issued to an entity designated by the underwriter. Total trust proceeds from the IPO, over-allotment, and private placement now stand at $106,000,000.
Key Facts
- 600,000 units sold at $10.00/unit, gross proceeds $6,000,000
- 24,000 ordinary shares issued to an entity designated by Maxim Group LLC
- Total trust proceeds: $106,000,000
- Underwriter's 45-day option for up to 1,500,000 additional units was partially exercised
- IPO registration statement (File No. 333-292289) declared effective October 5, 2026
Financial Impact
Gross proceeds of $6,000,000 from over-allotment exercise; trust balance increased to $106,000,000
Risk Factors
- No target identified; SPAC remains a blank-check company with no business combination announced
- Future dilution from rights may dilute existing shareholders upon business combination
- Remaining 900,000 over-allotment units not exercised
Investment Themes
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001477932-26-006273 |
| Document: ptree_ex991.htm | 0001477932-26-006273 |
| Document: 0001477932-26-006273-index-headers.html | 0001477932-26-006273 |
| Document: 0001477932-26-006273-index.html | 0001477932-26-006273 |
| Document: 0001477932-26-006273.txt | 0001477932-26-006273 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 21, 2026 5d ago | 8-K | — | awaiting T+20 | — | — |
Oct 15, 2026 10d ago | 8-K | — | awaiting T+20 | — | — |
Oct 14, 2026 11d ago | 8-K | — | awaiting T+20 | — | — |
Oct 13, 2026 12d ago | SC 13D | — | awaiting T+20 | — | — |
Oct 13, 2026 12d ago | SC 13G | — | awaiting T+20 | — | — |
Oct 9, 2026 16d 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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