Paul, Weiss represented Pine Technology Acquisition Corp. in the transaction.
Pine Technology Acquisition Corp. executed its initial public offering of 34,500,000 units, priced at $10.00 per unit. The offering included 4,500,000 units issued pursuant to the underwriters’s exercise of their full over-allotment option. The units, each of which consists of one share of the Company’s Class A common stock and one third of one warrant, will be listed on the Nasdaq Capital Market.
Cantor Fitzgerald & Co. served as the sole bookrunner and Odeon Capital Group, LLC served as the co-manager for the offering.
The company was founded by Trident Pine Acquisition, L.P., an affiliate of Stone Point Capital LLC, and Barry Zyskind and Adam Karkowsky, the respective CEO and president of AmTrust Financial Services, Inc. The company will seek a business combination with one or more businesses and intends to focus its search for a target business in the insurance-related technology sector.
The Paul, Weiss team included corporate partners Christopher Cummings (Picture), Adam Givertz and Raphael Russo; and tax partners Brian Grieveand David Mayo.
Involved fees earner: Christopher Cummings – Paul Weiss Rifkind Wharton & Garrison; Adam Givertz – Paul Weiss Rifkind Wharton & Garrison; Brian Grieve – Paul Weiss Rifkind Wharton & Garrison; David Mayo – Paul Weiss Rifkind Wharton & Garrison; Raphael Russo – Paul Weiss Rifkind Wharton & Garrison;
Law Firms: Paul Weiss Rifkind Wharton & Garrison;
Clients: Pine Technology Acquisition Corp;