Pine Tree Acquisition Corp. priced its initial public offering of 10,000,000 units at $10.00 per unit, raising a total of $100 million. The special purpose acquisition company expects its units to begin trading on the Nasdaq Global Market on October 6, 2026.

Each unit comprises one Class A ordinary share and one right entitling the holder to receive three-fourths of one Class A ordinary share upon the consummation of an initial business combination, subject to adjustment. This structure provides investors with additional equity exposure contingent on the completion of a merger or acquisition.

Listing details and tickers

The company’s units are scheduled to list on the Nasdaq Global Market under the ticker symbol "PAXGU." Once the securities comprising the units begin separate trading, the components will be listed under distinct symbols to facilitate individual trading of shares and rights.

What the Numbers Show

The pricing at $10.00 per unit represents a standard valuation benchmark for SPACs, aligning with typical initial trust account funding structures. The inclusion of rights convertible into three-fourths of a share upon business combination completion introduces a dilutive element for future shareholders but serves as an incentive for early investors in the IPO.