Pine Technology Acquisition Corp.
PTOC
NASDAQ Capital Market10.17
USD
+0.03
- -
Pine Technology Acquisition Corp.
PTOC
(NASDAQ Capital Market)
Recent
price
10.17
P/E
ratio
- -
div
yld
- -
ROIC.AI
Capital Structure
FRC
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- Similar Companies
- Business
- Pine Technology Acquisition Corp. (Nasdaq: PTOC) is a blank check company formed to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses, with a focus on the insurance-related technology (InsurTech) sector; it currently conducts no significant operations and generates no revenue. The company offers no core products or services beyond its special purpose acquisition activities. Incorporated in 2020 and headquartered in Aurora, Ohio, Pine Technology Acquisition Corp. targets enterprises in the insurance industry and related technologies; its geographic operations remain limited pending a business combination. In March 2022, the company mutually terminated its previously announced merger agreement with Tomorrow.io, a weather intelligence platform, due to unfavorable market conditions, and continues to seek alternative InsurTech targets; its sponsor, Pine Technology Sponsor LLC, an affiliate of Stone Point Capital, supports ongoing efforts following the company's $345 million initial public offering in March 2021.