Pine Tree Acquisition (PAXG) priced its $100,000,000 initial public offering, with closing expected on October 7, 2026. The offering comprises 10,000,000 units at $10.00 each. Each unit contains one Class A ordinary share and one right to receive three-fourths of one Class A ordinary share upon completion of an initial business combination, subject to adjustment.
The company expects units to begin trading on the Nasdaq Global Market on October 6, 2026 under PAXGU. Shares and rights are expected to list separately under PAXG and PAXGR once separate trading begins. Maxim Group is the lead book-running manager. Underwriters have a 45-day option to buy up to 1,500,000 additional units at the offering price. Pine Tree is a blank check company formed to pursue a business combination.