Announcement • Dec 09
The Tomorrow Companies Inc. entered into a definitive merger agreement to acquire Pine Technology Acquisition Corp. (NasdaqCM:PTOC) for $690 million in a reverse merger transaction. The Tomorrow Companies Inc. entered into a definitive merger agreement to acquire Pine Technology Acquisition Corp. (NasdaqCM:PTOC) for $690 million in a reverse merger transaction on December 7, 2021. Pine Technology Acquisition Corp. has agreed to acquire all of the outstanding equity interests of Tomorrow.io in exchange for 70,000,000 shares of Pine Technology Acquisition Corp’s Class A common stock. the transaction will provide up to $420 million of gross proceeds, including $75 million through a fully-committed private investment in public equity deal (PIPE) at $10.00 per share. The PIPE includes commitments from funds managed by Koch Strategic Platforms; National Grid Partners; JetBlue Technology Ventures; SB Energy Corp., SoftBank Group's Japanese wholly-owned subsidiary; and Pine Technology's sponsor, Pine Technology Sponsor LLC. Going forward, you will continue to experience the same exceptional service you have come to expect from Tomorrow.io. You will continue to work with the same great team of Tomorrow.io employees. The transaction has been approved by the Boards of Directors of Tomorrow.io and Pine Technology and subject to approval by Pine Technology stockholders and other customary closing conditions, including the receipt of certain regulatory approvals and is expected to close in the first half of 2022. David Travin of PJT Partners is acting as sole financial advisor, and William J. Schnoor and Paul R. Rosie of Goodwin Procter LLP is acting as legal counsel to Tomorrow.io. Moelis & Company LLC is acting as sole financial advisor to Pine Technology. Adam M. Givertz of Paul, Weiss, Rifkind, Wharton & Garrison LLP is acting as legal counsel to Pine Technology. Cantor Fitzgerald & Co. and Odeon Capital Group are serving as capital markets advisors to Pine Technology. Houlihan Lokey, Inc. and Richards, Layton & Finger P.A. are advising the Board of Directors of Pine Technology. Moelis & Company LLC and PJT Partners are acting as joint placement agents with respect to the private placement. Sullivan & Cromwell LLP is acting as placement agent counsel. Announcement • May 19
Pine Technology Acquisition Corp. announced delayed 10-Q filing On 05/18/2021, Pine Technology Acquisition Corp. announced that they will be unable to file their next 10-Q by the deadline required by the SEC. 
