Pine Tree Acquisition units may separate around Oct. 23

After separation, Class A ordinary shares and rights trade separately as PAXG and PAXGR, while intact units remain PAXGU.

Rhea-AI Filing Summary

Pine Tree Acquisition Corp. announced that holders of units sold in its initial public offering may elect to separate the Class A ordinary shares and rights for trading commencing on or about October 23, 2026. The separated shares and rights will trade on the Nasdaq Global Market as PAXG and PAXGR, respectively; units that remain intact will continue trading as PAXGU. No fractional rights will be issued. To separate units, holders need their brokers to contact Continental Stock Transfer & Trust Company, the transfer agent.

Key Terms

initial public offering, rights, transfer agent, blank check company

4 terms

initial public offering financial

"units sold in the Company’s initial public offering"

An initial public offering (IPO) is when a private company first sells its shares to the public and becomes a stock-listed company. It matters because it allows the company to raise money from a wide range of investors, helping it grow, while giving early shareholders a way to sell some of their ownership.

rights financial

"Class A ordinary shares and rights included in the units"

Rights are special privileges that give existing shareholders the opportunity to buy additional shares of a company's stock before they are offered to the public. They help investors maintain their ownership percentage and can be seen as a way to protect their investment stake. Think of rights like a VIP pass allowing current investors to purchase new shares first, ensuring they can preserve their influence in the company.

transfer agent financial

"the Company’s transfer agent"

A transfer agent is a financial service that keeps the official record of who owns a company's shares, handles the buying and selling of those shares on paper or electronically, and issues or cancels stock certificates. Think of it as the company’s records keeper and mailroom combined—investors rely on it to make sure dividends, shareholder mailings, ownership changes, and proxy voting are processed accurately and securely, which protects ownership rights and helps prevent errors or fraud.

blank check company financial

"formed as a blank check company"

A blank check company is a publicly listed shell that raises money from investors before naming a specific business to buy or merge with, similar to handing a cashier a signed check and asking them to fill in the payee later. It matters to investors because it offers a faster, often cheaper path for private firms to become public, but carries extra risk since returns depend on the organizers’ ability to find a good deal and on limited information about the future business.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

When can PAXGU units be separated into shares and rights?

Holders may elect to separate their units for trading commencing on or about October 23, 2026. The separated Class A ordinary shares and rights will trade as PAXG and PAXGR, respectively, on the Nasdaq Global Market.

How do PAXGU holders separate their units?

Holders need to have their brokers contact Continental Stock Transfer & Trust Company, the transfer agent. No fractional rights will be issued upon separation.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 10/21/2026 - 07:31 AM EDT Accepted by SEC EDGAR 10/21/2026 - 07:30 AM EDT Learn about SEC filing dates

EXHIBIT 99.1

Pine Tree Acquisition Corp. Announces Separate Trading of Class A Ordinary Shares and Rights

NEW YORK, NEW YORK, October 21, 2026 (GLOBE NEWSWIRE)—Pine Tree Acquisition Corp. (the “Company”) announced today that, commencing on or about October 23, 2026, holders of its units sold in the Company’s initial public offering may elect to separately trade the Company’s Class A ordinary shares and rights included in the units. The Class A ordinary shares and rights that are separated will trade on the Nasdaq Global Market (“Nasdaq”) under the symbols “PAXG” and “PAXGR,” respectively. No fractional rights will be issued upon separation of the units. Those units not separated will continue to trade on Nasdaq under the symbol “PAXGU.” Holders of units will need to have their brokers contact Continental Stock Transfer & Trust Company, the Company’s transfer agent, in order to separate the units into Class A ordinary shares and rights.

The Company is a Cayman exempt company, formed as a blank check company for the purpose of entering into a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses or entities. The Company is led by its Chairman of the Board and Chief Executive Officer, Wei Qian.

FORWARD-LOOKING STATEMENTS

This press release contains statements that constitute “forward-looking statements.” Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Company’s registration statement and final prospectus for the offering filed with the SEC on October 6, 2026. Copies are available on the SEC’s website, www.sec.gov. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.

Contact:

Wei Qian, CEO

ir@pinetreeacq.com

Filing Exhibits & Attachments

6 documents

Press Releases

• EX-99.1 PRESS RELEASE 3.0 KB

Other Documents

• EX-101 XBRL TAXONOMY EXTENSION SCHEMA 5.5 KB
• EX-101 XBRL TAXONOMY EXTENSION LABEL LINKBASE 16.3 KB
• EX-101 XBRL TAXONOMY EXTENSION CALCULATION LINKBASE 901 B
• EX-101 XBRL TAXONOMY EXTENSION PRESENTATION LINKBASE 12.0 KB
• EX-101 XBRL TAXONOMY EXTENSION DEFINITION LINKBASE 5.9 KB