The 9.99% passive stake by Feis Equities is near the 10% threshold that would require additional disclosures. Monitor for any conversion to a 13D or further accumulation, which could signal activist intent. The proximity to the prior Space Summit Capital 13G suggests multiple passive investors are accumulating positions in this SPAC.
Price Chart
Executive Summary
Feis Equities LLC and Lawrence M. Feis filed a Schedule 13G disclosing a 9.99% passive stake in Pine Tree Acquisition Corp., a blank-check company. The filing confirms no intent to influence control, and the stake is based on 10 million Class A ordinary shares outstanding as of October 6, 2026.
Key Financial Metrics
Key Facts
- Feis Equities LLC and Lawrence M. Feis beneficially own 999,000 Class A ordinary shares of Pine Tree Acquisition Corp.
- The stake represents 9.99% of the 10,000,000 Class A ordinary shares outstanding as of October 6, 2026.
- The filing is made under Rule 13d-1(c), indicating passive intent with no purpose of changing or influencing control.
- A joint filing agreement between Feis Equities LLC and Lawrence M. Feis is included as Exhibit A.
- This is a new 13G filing; prior filing by Space Summit Capital LLC (also 13G) was filed one day earlier.
Financial Impact
9.99% stake valued based on 999,000 shares at market price; no dollar amount disclosed in filing.
Risk Factors
- Potential conversion to activist 13D if investor intent changes.
- High ownership concentration may limit liquidity for other shareholders.
- SPAC has not announced a business combination target, adding uncertainty.
Investment Themes
Documents Analyzed
This report is based on 4 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| SC 13G Filing (Primary) | 0001376474-26-000641 |
| Document: 0001376474-26-000641-index-headers.html | 0001376474-26-000641 |
| Document: 0001376474-26-000641-index.html | 0001376474-26-000641 |
| Document: 0001376474-26-000641.txt | 0001376474-26-000641 |
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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