Pine Tree Acquisition closes $6 million over-allotment sale of 600,000 units
On October 15, 2026, Pine Tree Acquisition Corp., a Cayman Islands blank check company, completed the sale of 600,000 units at $10.00 each under a partial exercise of the over-allotment option granted to Maxim Group LLC, for gross proceeds of $6,000,000. The company also issued 24,000 Ordinary Shares to an entity designated by Maxim, and $106,000,000 of IPO and private placement net proceeds was held in trust for public shareholders as of October 15, 2026.
Key points
- 600,000 units sold at $10.00 per unit, for gross proceeds of $6,000,000
- Each unit includes one Class A ordinary share and one right to receive three-fourths of one share upon completion of an initial business combination
- 24,000 Ordinary Shares issued to an entity designated by Maxim Group LLC
- $106,000,000 of net proceeds from the IPO and concurrent private placement deposited in trust as of October 15, 2026
The filing
Written by AI on Nov 9, 2026, 11:46 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on October 15, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.