Pine Technology Acquisition Corp.
PTOC · Nasdaq
NO ACTION REQUIRED
Nothing left to do
The cash went back to shareholders and the company wound up. There is no deadline left to miss.
Cash at settlement
No cash-per-share figure was filed for this vehicle before it finished.
Last close
Daily close
No price history on file yet — daily closes accumulate from the market data feed.
Trust settled · There is no line to draw here. This vehicle has finished: the cash was paid back or spent closing the deal, so the last filed figure describes an account that no longer exists and would be a floor under nothing.
SpacBrain’s read
Trust settled
The trust was liquidated and paid back to holders pro rata — the floor was honoured and the SPAC has wound up, so there is nothing left to claim.
In plain terms
- What it is
- A SPAC from Pine Technology Sponsor LLC, listed on Nasdaq in March 2021.
- What it's doing now
- It never completed a purchase. The company wound up and the cash in the account went back to shareholders — the ordinary ending when a SPAC runs out of time. No agreed deal for it is on file with us, so we cannot say whether one was ever announced and later fell through.
- What you should know
- This SPAC has finished. The cash was paid back to shareholders and the company wound up, so there is nothing left to claim — the money went where the charter said it would.
At a glance
- Where it stands
- Liquidated
- Deal
- none — it wound up and returned the cash instead
- Industry
- no filing we hold states a sector this SPAC restricted its search to
- Deal value
- no deal to value — it wound up instead
- Price vs cash at settlement
- no live price on file
- Cash in trust when it settled
- not yet extracted into a snapshot — the filings below may state it
- the last trust total filed while this was still a SPAC — the account has since been paid out or used to close the deal
- IPO
- 11 March 2021
- size not on file · 100.0% of each $10 unit into trust
- Headquarters
- 260 LENA DRIVE, AURORA, OH, 44202
- registered in Delaware
- Lead underwriter
- not extracted from the prospectus yet
- Key officers
- Tusk Bradley (Director) · DeFalco Ciro M (CFO, Treasurer and Secretary) · Smith John Eric (Director)
- Listed securities
- PTOC common
This vehicle has finished, so there is no window to file a cash-per-share figure for and none will follow. No estimate is shown in its place.
Nothing dated is on file. That is an absence in the record, not a statement that nothing is coming.
Yield to redemption
Nothing left to redeem — no yield to compute.
This SPAC has finished — its trust was paid back or used to close the deal, so there is nothing left to redeem and no yield to compute. A yield to redemption is a claim that you can hand these shares back for the trust cash. That account is closed, so this page will not print a number here.
What happened to the cash
The reasoning behind the verdict above, in the order the filings establish it.
- The trust was liquidated and paid back to holders pro rata — the floor was honoured and the SPAC has wound up, so there is nothing left to claim.
What has happened, and what is coming
1 dated milestoneEvery dated step from the day it listed to the next date you may have to act on. Where you have to do something, the day your broker needs the instruction is marked too.
- 11 March 2021IPOpassed
IPO size not on file
The score
deterministic, from filed fieldsPTOC is not in the scored universe, so no score is shown. A withheld score is a fact about the record, not a verdict about the company.
The score is only published for names that carry both a price and a filed cash-per-share figure — 295 of the tracked fleet today. The rest keep an empty dial rather than a modelled one, and fill in by themselves as the fields land.
The company
from SEC filingsRead the full profile
Pine Technology Acquisition Corp. (PTOC) was a blank-check company whose common stock, warrants, and units traded on the Nasdaq Stock Market under the ticker PTOC. The company priced its initial public offering on March 11, 2021, under SEC file number 333-253278, with shares registered for cash on Form S-1 (accession 0001213900-21-010426) and the pricing prospectus filed as Form 424B4 (accession 0001213900-21-014815). The registrant self-described itself as a blank-check company in that prospectus and was classified under SEC SIC industry code 7372 (Services-Prepackaged Software), with SEC CIK 0001838238. Pine Technology Acquisition Corp. subsequently liquidated, winding up its affairs and returning trust cash to shareholders, as evidenced by Form 25 (accession 0001354457-23-000167) filed on March 10, 2023, under 17 CFR 240.12d2-2(a)(1) for the redemption of its Class A Common Stock, Warrant, and Unit.
Material findings
from the full read of every filingEvery document this company files gets read whole — body and exhibits. These are the ones the read flagged as material, newest first, each citing its filing.
The meeting stands in lieu of the 2022 annual meeting, so director elections and other annual business are folded into the same meeting that votes on the combination. No date, time or registered share count is fixed in the extracted portion, so this version establishes no deadline and no dilution ceiling. The virtual format is stated as a pandemic measure rather than a permanent choice.
This is the baseline of the PTAC / Tomorrow.io registration, filed ten days after signing. The meeting stands in lieu of the 2022 annual meeting, so annual business is folded into the combination vote. No date, time, webcast address or registered share count is fixed in the extracted portion. Voting requires a control number, so a beneficial holder must obtain one in advance rather than simply joining the webcast.
Filings
live EDGAR feedEverything this company has filed with the SEC recently, newest first, each with a plain summary of what changed and why it matters.
Show the other 10 filings
- What changed vs 2022-08-11trust $345.3M → $346.8M +0%
trust account, combination deadline, going-concern doubt +21 moved · 4 with no prior record of ours
- Trust account
- $345.3M$346.8M
- Combination deadline
- 2023-03-15 · unchanged
- Going-concern doubt
- stated · unchanged
- Sponsor loans outstanding
- $350K · unchanged
- Redeemable shares
- 34.5M · unchanged
SpacBrain reads this as $1,511,850 was added to the trust between the two filings.
The clause “1,301,673 604,055 Prepaid expenses - non-current — 54,586 Marketable securities held in Trust Account 346,769,996 345,075,817 Total Assets $ 348,071,669 $ 345,734,458 Liabilities, Redeemable Common Stock and Stockholders’ Deficit Current”…
The clause …“about an Entity’s Ability to Continue as a Going Concern,” the Company has until March 15, 2023, to consummate a Business Combination. It is uncertain that the Company will be able to consummate a Business Combination by this”…
The clause …“to cease operations and liquidate the Trust Account. These conditions raise substantial doubt about the Company’s ability to continue as a going concern one year from the date that these financial statements are issued. 7 In”…
The clause …“As of September 30, 2022, and December 31, 2021, the Company had borrowed $ 350,000 under the promissory note and interest expense accrued on the note was $ 946 and $ 0 , respectively. Administrative Services Agreement”…
The clause …“240,000,000 shares authorized; no shares issued and outstanding (excluding 34,500,000 shares subject to possible redemption at September 30, 2022 and December 31, 2021) — — Class B common stock, $ 0.0001 par value; 60,000,000 shares”…
Read from stored SEC filing text by a regex — no model is involved — and each side links to the filing it came from. “Not previously extracted” is a statement about our record, not about the company: the clause may be present in wording we do not match.
- What changed vs 2022-05-16trust $345.1M → $345.3M +0%
trust account, combination deadline, going-concern doubt +21 moved · 4 with no prior record of ours
- Trust account
- $345.1M$345.3M
- Combination deadline
- 2023-03-15 · unchanged
- Going-concern doubt
- stated · unchanged
- Sponsor loans outstanding
- $350K · unchanged
- Redeemable shares
- 34.5M · unchanged
SpacBrain reads this as $182,329 was added to the trust between the two filings.
The clause …“Current Assets 1,817,278 604,055 Prepaid expenses - non-current - 54,586 Cash held in Trust Account 345,258,146 345,075,817 Total Assets $ 347,075,424 $ 345,734,458 Liabilities, Redeemable Common Stock and Stockholders’ Deficit Current”…
The clause …“Going Concern,” management has determined that if we are unable to complete a Business Combination by March 15, 2023, then the Company will cease all operations except for the purpose of liquidating. The liquidity condition and the date”…
The clause …“to cease operations and liquidate the Trust Account. These conditions raise substantial doubt about the Company’s ability to continue as a going concern one year from the date that these financial statements are issued. 7 PINE”…
The clause …“of incorporation. As of June 30, 2022 and December 31, 2021, the Company had borrowed $ 350,000 under the promissory note and interest expense accrued on the note was $ 655 and $ 0 , respectively. 13 PINE TECHNOLOGY ACQUISITION CORP.”…
The clause …“240,000,000 shares authorized; no shares issued and outstanding (excluding 34,500,000 shares subject to possible redemption at June 30, 2022 and December 31, 2021) - - Class B common stock, $ 0.0001 par value; 60,000,000 shares”…
Read from stored SEC filing text by a regex — no model is involved — and each side links to the filing it came from. “Not previously extracted” is a statement about our record, not about the company: the clause may be present in wording we do not match.
- What changed vs 2021-11-18trust $345.1M → $345.1M +0%going concern APPEARED
trust account, going-concern doubt, combination deadline +22 moved · 3 with no prior record of ours
- Trust account
- $345.1M$345.1M
- Going-concern doubt
- not statedstated
- Combination deadline
- not previously extracted2023-03-15
- Sponsor loans outstanding
- not previously extracted$350K
- Redeemable shares
- 34.5M · unchanged
SpacBrain reads this as $20,129 was added to the trust between the two filings.
The clause “2021 (Level 1) (Level 2) (Level 3) Description Assets: U.S. Money Market Funds held in Trust Account $ 345,075,817 $ 345,075,817 $ - $ - Liabilities: Warrant liabilities - public warrants $ 7,244,989 $ 7,244,989 $ - $ - Warrant”…
SpacBrain reads this as the substantial-doubt sentence is in this filing and not in the previous one.
The clause “14-15, “Disclosures of Uncertainties about an Entity’s Ability to Continue as a Going Concern,” management has determined that if the Company is unable to complete a Business Combination by March 15, 2023, then the Company will cease all”…
The clause …“Going Concern,” management has determined that if we are unable to complete a Business Combination by March 15, 2023, then the Company will cease all operations except for the purpose of liquidating. The date for mandatory liquidation”…
The clause …“of incorporation. As of March 31, 2022 and December 31, 2021, the Company had borrowed $ 350,000 under the promissory note and interest expense accrued on the note was $ 289 and $ 0 , respectively. 13 PINE TECHNOLOGY ACQUISITION CORP.”…
The clause …“240,000,000 shares authorized; no shares issued and outstanding (excluding 34,500,000 shares subject to possible redemption at March 31, 2022 and December 31, 2021) - - Class B common stock, $ 0.0001 par value; 60,000,000 shares”…
Read from stored SEC filing text by a regex — no model is involved — and each side links to the filing it came from. “Not previously extracted” is a statement about our record, not about the company: the clause may be present in wording we do not match.
The sponsor
The people who set this company up, what they have done before, and the advisers around the deal.
Pine Technology Sponsor LLCnamed as sponsor in this SPAC’s filings — but with no researched track record behind it yet.
A missing score, not a score of zero — why
A Sponsor Score is only published once the sponsor’s prior vehicles have been verified on EDGAR and their post-close outcomes priced. That record does not exist for this sponsor yet, so no number and no tier is shown. That is a missing score, not a score of zero — and not a neutral 50 either.
Coverage so far: 301 of 1280 tracked SPACs (24%) are attached to a scored sponsor. This card fills in by itself as the research lands.
The record
The reference detail — how the shares were structured at listing, how thinly they trade, and where the company is registered.
Show the reference detail
Unit structure
from 424B4 0001213900-21-014815
Trading & liquidity
Company profile
Directors & officers
- Tusk BradleyDirector
- DeFalco Ciro MCFO, Treasurer and Secretary
- Smith John EricDirector
- LONGO CHRISTOPHERCEO and Director
- Karkowsky AdamDirector
- Zyskind Barry D10% owner
Institutional holders
from SC 13G/13DFunds that have declared a stake above 5%. Heavy ownership by arbitrage funds usually means heavy cash-outs at the next vote.
Show the declared stakes
5 filers with a stake on file · 0 re-affirmed in the last 12 months. A stake with no amendment since is the filer’s last word on it, not proof it is still held — and percentages filed in different years are percentages of different floats, because this vehicle’s share count collapses at every redemption.
- Pine Technology Sponsor LLCwith 2 other reporting persons on the same schedule20.0% · SC 13GFeb 3, 2022 stale
- Magnetar Financial LLCwith 3 other reporting persons on the same schedule5.1% · SC 13G/AFeb 9, 2023 stale
- GOLDMAN SACHS GROUP INCwith 1 other reporting person on the same schedule5.0% · SC 13GFeb 4, 2022 stale
- JANE STREET GROUP, LLC0.0% · SC 13G/AFeb 12, 2024 stale
- Saba Capital Management, L.P.with 1 other reporting person on the same schedule0.0% · SC 13G/AFeb 8, 2024 stale
One line per filer, not per reporting person: a joint schedule names the management company, its funds and often the individual who controls them, and all of them report the same shares. Click a name for that filer’s whole footprint across every SPAC it has declared a stake in.
Sources on file
harvested pages, kept in fullEvery public page we have read about this company, stored in full so a source can never go missing.
Show the sources
39 full SEC filing texts archived — searchable, never lost.
- Vault note — PTOC (Pine Technology Acquisition Corp.)
vault-note · /vault/tickers/PTOC
In plain English
tap a term to open itEvery piece of jargon this page could have used, and what it actually means.
Open the plain-English guide
No floor / floorlessthe cash guarantee is gone — the price is unprotected
A SPAC's downside protection is not the cash in trust; it is your right to demand that cash. Once the redemption window closes, the cash stays with the company and the share can trade anywhere.
Redemption deadlinethe last day to hand shares back for cash
Set by the filing that calls the meeting. Tender after it and the company is under no obligation to pay you the trust value.
Broker action datethe day your broker needs the instruction — earlier than the official date
Brokers batch redemption instructions to the transfer agent, so the practical cutoff is roughly two business days before the published deadline. This is the date that actually costs people the floor.
Cash in trust / trust per sharethe cash the company is holding for each public share
Filed quarterly in the 10-Q's XBRL. It earns interest between filings, so the figure on a given day is slightly higher than the last filed one — where we show that we label it an estimate.
Trust discountbuying below the cash held for you
Only meaningful while a redemption right exists. On a floorless name the same arithmetic is not a discount, it is the market pricing distress, and this product will not call it a yield.
Dilutionhow much of the company new shares take from you
Sponsor promote, PIPE shares, warrants and rights all issue stock that did not pay $10 for it. The headline deal value is before that; the effective value is after.
Pro-forma equitywhat the company is valued at once the deal closes
The combined company's equity value assuming the announced terms and the redemptions that have actually happened.
ARShow much upside you get per unit of downside
SpacBrain's asymmetric-return score. It is deterministic — the same inputs always produce the same number — and it is capped, not zeroed, when the floor is gone.
De-SPACthe day the SPAC becomes the real company
The shares stop being a claim on a pot of cash and start being equity in an operating business. Roughly 80% of recent de-SPACs traded below $10 within a year.
Outside datethe contractual long-stop for closing the deal
A deadline between the SPAC and its target, not between the SPAC and you. It confers no right to cash, which is exactly why it must never be counted as a redemption window.
Accession numberthe SEC's unique id for one filing
Every figure on this page carries the accession of the filing that states it, so you can open the primary document rather than trust us.
Accreted NAV (estimate)the last filed cash figure, plus the interest it should have earned since
A model, not a filing: last filed value compounded at the 3-month T-bill for the days elapsed. Always shown in italic with the word estimate, and never printed beside a filed number without it.
Ask the brain
from its filingsData provenance & audit trail2 internal entries
Written by SpacBrain’s data agents whenever a figure is captured, corrected or flagged, and kept verbatim so every number on this page can be traced back to the filing that states it. This is a running log, not the current record: an early entry may be superseded by a later correction — the panels above always hold the current values.
admitted from EDGAR's QUARTERLY FORM INDEX, walked without any SIC filter. The SIC 6770 census could not reach this registrant: EDGAR reassigns a shell's SIC the day it stops being one, and this CIK now files under 7372 (Services-Prepackaged Software). The screen found it by filing SHAPE instead — S-1 2021-02-19 → 8-A12B 2021-03-08 → 424B4 2021-03-11 — which nothing rewrites. Admission rule: src/lib/universe-admit.ts. SIC 7372 + self-described blank check in 424B4 0001213900-21-014815; 424B 0001213900-21-014815 priced 2021-03-11 under S-1 0001213900-21-010426 (file 333-253278, an offering for cash); common ticker PTOC off 8-K 0001213900-22-010813 (2022-03-07); lifecycle EXITED. The pricing prospectus was filed under SEC file number 333-253278, which belongs to S-1 0001213900-21-010426 (2021-02-19) — a registration of shares sold for CASH, which is what makes it an IPO rather than merger consideration. Blank-check status from the registrant's own first-person sentence in that prospectus (EDGAR full-text search, 424B4 2021-03-11). Ending PROVEN, not inferred: LIQUIDATED per Form 25 0001354457-23-000167 (2023-03-10) — Form 25 filed under 17 CFR 240.12d2-2(a)(1) — the rule for a class "called for redemption" or "redeemed or paid at maturity/retirement". For a SPAC that class is the public shares and that redemption is the trust going back (class: Class A Common Stock, Warrant, and Unit). No wind-up press release was readable on the registrant's own file, so the per-share figure is not stored.. ipoSizeM and deadline left NULL: gross-proceeds prose conflates the over-allotment with the offering, and a charter deadline belonging to a vehicle that has ended is a date nobody can act on. ipoDate is the 424B pricing date.
sponsor "Pine Technology Sponsor LLC" (SEC CIK 0001838265) sourced from Form 3 reportingOwner (10% owner) acc 0001213900-21-014671.