Recent Updates — PAXG

Pine Tree Acquisition Corp. consummated the sale of 600,000 units pursuant to a partial exercise of its underwriters' over-allotment option on October 15, 2026. The transaction generated gross proceeds of $6,000,000 at a price of $10.00 per unit. Each unit comprises one Class A ordinary share and one right entitling the holder to three-fourths of an ordinary share upon completion of an initial business combination. Concurrently, the company issued 24,000 ordinary shares to Maxim Group LLC. Total net proceeds from the IPO and private placement deposited in trust reached $106,000,000. The company operates as a blank check entity focused on merging with or acquiring businesses.

Pine Tree Acquisition Corp. consummated its initial public offering on October 7, 2026, selling 10,000,000 units to the public at $10.00 per unit for gross proceeds of $100,000,000. Each unit comprises one Class A ordinary share and a right to receive three-fourths of an ordinary share upon completion of a business combination. Simultaneously, the company completed a private placement of 140,000 units to its sponsors for $1,400,000. An aggregate of $100,000,000 in net proceeds was deposited into a trust account. The underwriters hold a 45-day option to purchase up to 1,500,000 additional units to cover over-allotments. Pine Tree Acquisition Corp. is a blank check company formed to effect a merger or business combination with one or more target businesses.