Monitor for the 8-K filing containing audited balance sheet (due within 4 business days post-closing) and subsequent trading commencement date for separate trading of shares and rights. The 12-month business combination deadline starts from closing date; any press releases or press releases regarding target identification will be key catalysts.
Price Chart
Executive Summary
Pine Tree Acquisition Corp. filed an 8-K on October 6, 2026, entering into an underwriting agreement with Maxim Group LLC for its IPO of 10,000,000 units at $10.00 per unit, each consisting of one Class A ordinary share and one right to receive 3/4 of a share upon a future business combination. The filing also includes the adoption of amended and restated memorandum and articles of association and a rights agreement, formalizing the SPAC's structure for its $100 million trust account and 24-month business combination timeline.
Key Facts
- IPO of 10,000,000 units at $10.00 per unit, each unit = 1 Class A ordinary share + 1 right to receive 3/4 of a share upon business combination
- Underwriters' over-allotment option for up to 1,500,000 additional units within 45 days
- Sponsors (Pine Tree Sponsor Group, LLC and North Penn, LLC) purchasing 140,000 placement units at $10.00/unit in a private placement
- Founder shares: 4,928,571 Class B shares held by Pine Tree Sponsor Group, LLC, convertible 1:1 into Class A shares upon business combination
- Trust account funded with $100,000,000 from IPO proceeds plus $1,400,000 from placement units
- Company must complete a business combination within 12 months from IPO closing or liquidate
- Representative shares: 400,000 ordinary shares (up to 460,000 if over-allotment exercised) issued to Maxim Group LLC
- Amended and restated memorandum and articles of association adopted by special resolution on October 6, 2026
Financial Impact
IPO raises $100,000,000 in gross proceeds (before underwriting discounts and expenses), with an additional $1,400,000 from private placement units deposited into trust. Net proceeds of approximately $275,000 released to company for working capital.
Risk Factors
- Risk of no business combination within 12 months from closing, leading to liquidation and trust account distribution
- Dilution from over-allotment option (up to 1,500,000 additional units) and potential working capital loans conversion
- Founder shares subject to forfeiture (up to 642,857 shares if over-allotment not exercised fully
- Trust account only $100,000,000; any claims against trust account waived by target businesses and vendors must
- Insider restrictions on transfer of founder shares and placement units until 30 days after business combination
Investment Themes
Documents Analyzed
This report is based on 3 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001477932-26-006073 |
| Document: ptree_ex101.htm | 0001477932-26-006073 |
| Document: ptree_ex41.htm | 0001477932-26-006073 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 21, 2026 6d ago | 8-K | — | awaiting T+20 | — | — |
Oct 15, 2026 12d ago | 8-K | — | awaiting T+20 | — | — |
Oct 14, 2026 13d ago | 8-K | — | awaiting T+20 | — | — |
Oct 13, 2026 14d ago | SC 13D | — | awaiting T+20 | — | — |
Oct 13, 2026 14d ago | SC 13G | — | awaiting T+20 | — | — |
Oct 9, 2026 18d ago | SC 13G | — | awaiting T+20 | — | — |
Oct 8, 2026 19d ago | SC 13G | — | awaiting T+20 | — | — |
Oct 7, 2026 20d ago | 8-K | — | awaiting T+20 | — | — |
Oct 6, 2026 21d ago | 424B4 | — | awaiting T+20 | — | — |
Oct 6, 2026 21d ago | EFFECT | — | awaiting T+20 | — | — |
US Market Status
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