Pine Tree Acquisition Corp. announced on October 21, 2026, that holders of its units will be able to separately trade the Class A ordinary shares and rights included in those units. The separation is scheduled to commence on or about October 23, 2026.
Under the terms of the separation, the Class A ordinary shares and rights will be listed on the Nasdaq Global Market. The Class A ordinary shares will trade under the symbol "PAXG," while the rights will trade under the symbol "PAXGR." Units that are not separated will continue to be listed on Nasdaq under the symbol "PAXGU." The Company stated that no fractional rights will be issued upon the separation of the units.
Holders of the units are required to contact their brokers, who must then contact Continental Stock Transfer & Trust Company, the Company’s transfer agent, to facilitate the separation of the units into Class A ordinary shares and rights.
Pine Tree Acquisition Corp. is a Cayman Islands exempt company formed as a blank check company. Its Chairman of the Board and Chief Executive Officer is Wei Qian.
