Pine Tree Acquisition Raises $6 Million From Partial Exercise of IPO Over — Allotment Option

Pine Tree Acquisition closed the sale of 600,000 additional units at $10 per unit through a partial IPO over-allotment option exercise. The sale generated $6 million in gross proceeds. The units trade on the Nasdaq Global Market under PAXGU. A total of $106 million from the IPO, including the over-allotment exercise, and a simultaneous private placement was placed in trust. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Pine Tree Acquisition Corp. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001477932-26-006273), on October 15, 2026, and is solely responsible for the information contained therein. (C)