Pine Tree Acquisition Corp.’s (NASDAQ:PAXG) Quiet Period Set To End on November 16th

Pine Tree Acquisition’s (NASDAQ:PAXG) quiet period will expire on Monday, November 16th. Pine Tree Acquisition had issued 10,000,000 shares in its initial public offering on October 6th. The total size of the offering was $100,000,000 based on an initial share price of $10.00. During the company’s quiet period, insiders and any underwriters involved in the IPO are prevented from issuing any earnings forecasts or research reports for the company because of SEC regulations. Following the expiration of the company’s quiet period, it’s expected that the brokerages that served as underwriters on the stock will initiate research coverage on the company.

Pine Tree Acquisition Stock Up 0.3%

PAXG stock opened at $9.88 on Wednesday. Pine Tree Acquisition has a one year low of $9.80 and a one year high of $9.90.

Pine Tree Acquisition Company Profile

Pine Tree Acquisition is a special purpose acquisition company (SPAC) listed on the Nasdaq Capital Market under the symbol PAXG. The company was formed to identify and complete a business combination with one or more operating businesses. Rather than selling products or services of its own, Pine Tree Acquisition raises capital through its public offering and holds those funds while evaluating potential merger, acquisition, or other business-combination opportunities. Its target may operate in any industry or geographic region, subject to the requirements described in its corporate and offering documents.