Pine Tree Acquisition Corp. — Form 8-K

Pine Tree Acquisition Corp., a blank-check company incorporated in the Cayman Islands, completed its initial public offering on October 7, 2026, raising $100,000,000 gross proceeds by issuing 10,000,000 units at $10.00 per unit on Nasdaq (ticker: PAXGU). Each unit consists of one Class A ordinary share and one right to receive 3/4 of a Class A ordinary share upon business combination. Simultaneously, sponsors Pine Tree Sponsor Group LLC and North Penn LLC purchased 140,000 private placement units for $1,400,000 ($10.00/unit). The entire $100,000,000 in IPO proceeds was deposited in a trust account; the company has $648,140 in unrestricted cash outside the trust. The company has 12 months from closing to complete a business combination or it must liquidate and return trust proceeds to public shareholders at $10.00/share plus interest.