PTOCU
Pine Technology Acquisition Corp
A special purpose acquisition company (SPAC) — a "blank check" firm formed to find and merge with a business — Pine Technology Acquisition Corp was created in 2020 to target the insurance-technology (InsurTech) sector. Backed by an affiliate of Stone Point Capital and executives from AmTrust Financial Services, it went public on Nasdaq in 2021. It once agreed to merge with the weather platform Tomorrow.io, but that deal fell apart in 2022, and the company dissolved and liquidated the following year.
UNITUnderlying: PTOCCUSIP: 722850203FinancialsUS2 holders
Unit consisting of one Class A common share and one-third of one redeemable warrant (exercisable at 1.50 per share) — Liquidated March 10, 2023 after failing to complete initial business combination