Pine Tree Acquisition Corp. (PAXG) Form 424B4 — Oct 6, 2026
Pine Tree Acquisition Corp. priced its IPO of 10,000,000 units at $10.00 per unit, raising $100,000,000 in gross proceeds, with $100.0 million deposited into a trust account with Continental Stock Transfer & Trust Company as trustee. Each unit contains one Class A ordinary share and one right to receive three-quarters of a share upon an initial business combination. The units will list on Nasdaq under PAXGU, with the shares (PAXG) and rights (PAXGR) expected to separate on the 52nd day after the prospectus date.
Key figures
- Greenshoe
- 1500000
- Gross Proceeds
- 100000000
- Offering Price
- 10
- Shares Offered
- 10000000
- Founder shares
- 4928571
- Completion window
- 12 months from closing
- Founder share price
- $25,000 aggregate (~$0.005/share)
- Trust account amount
- $100,000,000 ($115,000,000 if over-allotment exercised in full)
- Private placement units
- 140000
- Private placement value
- 1400000
- Total assets as adjusted
- 100281801
- Underwriting discount total
- 500000
- Underwriting discount per unit
- 0.05
AI analysis
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