Pine Tree Acquisition Corp. Sets Separate Trading for Shares and Rights Around October 23
Pine Tree Acquisition Corp. announced that holders of its initial public offering units may request separate trading of the included Class A ordinary shares and rights on or about October 23, 2026.
Pine Tree Acquisition Corp. announced on October 21, 2026, that holders of units issued in its initial public offering may elect to separate the Class A ordinary shares and rights contained in those units. The separate trading is expected to begin on or about October 23, 2026.
Once separated, the Class A ordinary shares are scheduled to trade on the Nasdaq Global Market under the symbol PAXG. The rights will trade separately under PAXGR.
Units that remain intact will continue to trade on Nasdaq under the symbol PAXGU. The company also said that no fractional rights will be issued when units are separated.
Unit holders must arrange for their brokers to contact Continental Stock Transfer & Trust Company, which serves as Pine Tree Acquisition Corp.'s transfer agent. The transfer process will divide the units into Class A ordinary shares and rights.
Pine Tree Acquisition Corp. is a Cayman exempt company established as a blank check company. Its stated purpose is to pursue a business combination, which may take the form of a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganisation or a similar transaction involving one or more businesses or entities.
The company is led by Wei Qian, its Chairman of the Board and Chief Executive Officer.
The company said its forward-looking statements are subject to numerous conditions, including risks described in the Risk Factors section of its registration statement and final prospectus filed with the SEC on October 6, 2026. It also stated that many of those conditions are outside the company's control.
Pine Tree Acquisition Corp. said it does not undertake to update those statements for revisions or changes after the date of the announcement, except where required by law.
Pine Tree Acquisition Corp. announced that holders of units sold in its initial public offering may elect to separately trade the Class A ordinary shares and rights included in those units, commencing on or about October 23, 2026.
Pine Tree Acquisition Corp. said separation may commence on or about October 23, 2026. The announcement was made on October 21, 2026.
The separated Class A ordinary shares and rights will trade on the Nasdaq Global Market, which the company also refers to as Nasdaq. The Class A ordinary shares will trade under the symbol "PAXG" and the rights under the symbol "PAXGR".
Units that are not separated will continue to trade on Nasdaq under the symbol "PAXGU".
Unit holders will need to have their brokers contact Continental Stock Transfer & Trust Company, Pine Tree Acquisition Corp.'s transfer agent, to separate the units into Class A ordinary shares and rights.
No fractional rights will be issued upon separation of Pine Tree Acquisition Corp.'s units.
Pine Tree Acquisition Corp. is a Cayman exempt company formed as a blank check company to enter into a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganisation or similar business combination with one or more businesses or entities.
Pine Tree Acquisition Corp. is led by Wei Qian, who is its Chairman of the Board and Chief Executive Officer.
Pine Tree Acquisition Corp. said its forward-looking statements are subject to numerous conditions, many of which are beyond the company's control, including those set out in the Risk Factors section of its registration statement and final prospectus filed with the SEC on October 6, 2026.
Pine Tree Acquisition Corp. said it undertakes no obligation to update its forward-looking statements for revisions or changes after October 21, 2026, except as required by law.