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Pine Island Acquisition Corp. R

Pine Island Acquisition Corp. R

PIPP-WT
Pine Island Acquisition Corp. RUS flagNew York Stock Exchange
0.04
USD
+0.04
- -
Pine Island Acquisition Corp. R
PIPP-WT
(New York Stock Exchange)

Recent

price

0.04

P/E

ratio

- -

div

yld

- -

ROIC.AI

No data availableFinancial data will appear here once available

Capital Structure

FRC

•

in mil. unless spec.
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Working Capital

FRC

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in mil. unless spec.
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Growth Rates

FRC

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in mil. unless spec.
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Quarterly Revenue

FRC

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in mil. unless spec.
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Quarterly Earnings Per Share

FRC

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in mil. unless spec.
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Quarterly Dividends Per Share

FRC

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in mil. unless spec.
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Business
Pine Island Acquisition Corp. was established as a Special Purpose Acquisition Company (SPAC) with the objective of pursuing a business combination within the defense, government service, and aerospace industries. However, the company announced in October 2022 that it would not complete an initial business combination within its mandated timeframe and subsequently moved to dissolve and liquidate its operations. Consequently, the public shares were redeemed at approximately $10.04 per share, and all outstanding warrants, traded under symbols such as PIPP-WT, expired without value. The company's securities have since been delisted.