Pine Tree Acquisition, a blank check company led by a climate tech financial advisory executive, filed on Friday with the SEC to raise up to $100 million in an initial public offering.
The company plans to raise $100 million by offering 10 million units at $10.00. Each unit consists of one share of common stock and one right to receive one-tenth of a share of common stock.
Pine Tree Acquisition is led by the Director of Capital Markets of Fusion Park, a climate tech strategic and financial advisory services firm. He has also served as the CEO of SPAC Piermont Valley Acquisition since July 2025.
The Albany, NY-based company was founded in 2024 and plans to list on the Nasdaq under the symbol PAXGU. Maxim Group LLC is the sole bookrunner on the deal. No pricing terms were disclosed.
