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SPAC Pine Technology Acquisition, Tomorrow.io agree to terminate merger pact

Mar. 07, 2022 7:52 AM ETPine Technology Acquisition Corp. (PTOC), PTOCU, PTOCWBy: Meghavi Singh, SA News Editor
  • SPAC Pine Technology Acquisition (NASDAQ:PTOC) have agreed to terminate the previously announced agreement and plan of merger due to market conditions and will not complete their previously announced business combination.
  • The company intends to continue to pursue the consummation of a business combination with an appropriate target.
  • Shares are down 0.7% PM.

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