Pine Tree Acquisition raises $6 million from partial exercise of IPO over-allotment option
Pine Tree Acquisition sold 600,000 additional units at $10 each, generating $6 million in gross proceeds. A total of $106 million from the IPO, including the over-allotment exercise, and a simultaneous private placement was placed in trust.
1. Additional units sold
Pine Tree Acquisition closed the sale of 600,000 additional units at $10 per unit through a partial exercise of its IPO over-allotment option, generating $6 million in gross proceeds. The units trade on the Nasdaq Global Market under PAXGU. A total of $106 million from the IPO, including the over-allotment exercise, and a simultaneous private placement was placed in trust.
