Pine Tree Acquisition Corp.’s Quiet Period Will End Tomorrow (NASDAQ:PAXG)

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 IPO on October 6th. The total size of the offering was $100,000,000 based on an initial share price of $10.00. During Pine Tree Acquisition’s quiet period, underwriters and any insiders involved in the IPO are restricted from issuing any research reports or earnings estimates for the company because of regulations issued by the Securities and Exchange Commission. Following the expiration of the company’s quiet period, the brokerages that served as underwriters will likely initiate research coverage on the company.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen raised shares of Pine Tree Acquisition from a “sell” rating to a “hold” rating in a report on Saturday.

Pine Tree Acquisition Price Performance

NASDAQ:PAXG opened at $9.87 on Friday. Pine Tree Acquisition has a 12 month low of $9.80 and a 12 month high of $9.90.

Pine Tree Acquisition Company Profile

Pine Tree Acquisition Corp. is a special purpose acquisition company, or SPAC, formed to pursue a merger, share exchange, asset acquisition, or similar business combination with one or more businesses. As a SPAC, Pine Tree does not have a substantial operating business of its own and does not offer products or services to customers. Its activities center on identifying and evaluating a potential business combination. Available information does not establish a specific industry focus, geographic market, or operating-company leadership team for Pine Tree Acquisition.