{"filing": {"accession": "0001477932-26-004429", "cik": "0002076561", "ticker": null, "company_name": "Pine Tree Acquisition Corp.", "form_type": "S-1/A", "filing_type": "S-1/A", "filing_date": "2026-07-21", "accepted_datetime": null, "acceptance_datetime": null, "accepted_at": null, "primary_doc_url": "https://www.sec.gov/Archives/edgar/data/2076561/000147793226004429/0001477932-26-004429-index.htm", "filing_url": "https://www.sec.gov/Archives/edgar/data/2076561/000147793226004429/0001477932-26-004429-index.htm", "period_of_report": null}, "html_url": "/api/filings/000147793226004429/stream", "exhibits": [], "sections": [{"section_name": "part_2", "section_title": "Part II", "start_position": 877275, "end_position": 891722}], "tables": [{"table_index": 2, "table_type": "text", "caption": null, "header_text": "Cayman Islands6770N/A"}, {"table_index": 4, "table_type": "text", "caption": null, "header_text": "Large accelerated filer\u2610Accelerated filer\u2610"}, {"table_index": 10, "table_type": "financial", "caption": null, "header_text": "Per UnitTotal"}, {"table_index": 13, "table_type": "text", "caption": null, "header_text": "Offering Price of$8.00 (adjusted to include the value of the Rights)25% of MaximumRedemption50% of MaximumRedemption75% of MaximumRedemptionMaximumRedemption"}, {"table_index": 15, "table_type": "text", "caption": null, "header_text": "Page"}, {"table_index": 20, "table_type": "text", "caption": null, "header_text": "\u00b7\u201cprivate placement shares\u201d are to the Class A ordinary shares included in the private placement units;"}, {"table_index": 42, "table_type": "text", "caption": null, "header_text": "Units:"}, {"table_index": 50, "table_type": "text", "caption": null, "header_text": "Transfer restrictions on founder shares:Our initial shareholders have agreed not to transfer, assign or sell any of their founder shares and any Class A ordinary shares issuable upon conversion thereo"}, {"table_index": 54, "table_type": "text", "caption": null, "header_text": "Private placement units:Our sponsors have committed to purchase an aggregate of 140,000 units (regardless of whether or not the underwriters\u2019 over-allotment option is exercised), each comprised of one"}, {"table_index": 60, "table_type": "financial", "caption": null, "header_text": "Anticipated expenses and funding sources:Unless and until we complete our initial business combination, no proceeds held in the trust account will be available for our use, except the withdrawal of in"}, {"table_index": 66, "table_type": "text", "caption": null, "header_text": "Redemption rights for public shareholders upon completion ofour initial business combination:We will provide our public shareholders with the opportunity to redeem, regardless of whether they abstain,"}, {"table_index": 70, "table_type": "financial", "caption": null, "header_text": "We intend to require our public shareholders seeking to exercise their redemption rights, whether they are record holders or hold their shares in \u201cstreet name,\u201d to, at the holder\u2019s option, either deli"}, {"table_index": 78, "table_type": "financial", "caption": null, "header_text": "Our sponsors and executive officers and directors have agreed to waive their redemption rights with respect to any founder shares, private shares and any public shares held by them in connection with "}, {"table_index": 84, "table_type": "text", "caption": null, "header_text": "\u00b7Changes in laws or regulations, or a failure to comply with any laws and regulations, may adversely affect our business, including our ability to negotiate and complete our initial business combinati"}, {"table_index": 86, "table_type": "financial", "caption": null, "header_text": "\u00b7Nasdaq may delist our securities from trading on its exchange, which could limit investors\u2019 ability to make transactions in our securities and subject us to additional trading restrictions."}, {"table_index": 92, "table_type": "text", "caption": null, "header_text": "\u00b7our registration statement/proxy statement filed for our business combination transaction would disclose the possibility that our sponsors, initial shareholders, directors, officers, advisors and the"}, {"table_index": 94, "table_type": "text", "caption": null, "header_text": "\u00b7our sponsors, initial shareholders, directors, officers, advisors and their affiliates would not possess any redemption rights with respect to our securities or, if they do acquire and possess redemp"}, {"table_index": 95, "table_type": "text", "caption": null, "header_text": "othe amount of our securities purchased outside of the redemption offer by our sponsors, initial shareholders, directors, officers, advisors and their affiliates, along with the purchase price;"}, {"table_index": 101, "table_type": "text", "caption": null, "header_text": "\u00b7restrictions on the nature of our investments; and"}, {"table_index": 102, "table_type": "text", "caption": null, "header_text": "\u00b7registration as an investment company;"}, {"table_index": 108, "table_type": "text", "caption": null, "header_text": "\u00b7may significantly dilute the equity interest of investors in this offering, which dilution would increase if the anti-dilution provisions in the Class B ordinary shares resulted in the issuance of Cl"}, {"table_index": 110, "table_type": "text", "caption": null, "header_text": "\u00b7we have a board that includes a majority of \u201cindependent directors,\u201d as defined under the rules of Nasdaq; and"}, {"table_index": 113, "table_type": "financial", "caption": null, "header_text": "\u00b7default and foreclosure on our assets if our operating revenues after an initial business combination are insufficient to repay our debt obligations;"}, {"table_index": 115, "table_type": "text", "caption": null, "header_text": "\u00b7solely dependent upon the performance of a single business, property or asset, or"}, {"table_index": 123, "table_type": "text", "caption": null, "header_text": "\u00b7costs and difficulties inherent in managing cross-border business operations;"}, {"table_index": 125, "table_type": "text", "caption": null, "header_text": "\u00b7tariffs and trade barriers;"}, {"table_index": 127, "table_type": "text", "caption": null, "header_text": "\u00b7corruption;"}, {"table_index": 133, "table_type": "text", "caption": null, "header_text": "\u00b7a limited availability of market quotations for our securities;"}, {"table_index": 134, "table_type": "text", "caption": null, "header_text": "Offering Price of$8.00 (adjusted to include the value of the Rights)25% of MaximumRedemption50% of MaximumRedemption75% of MaximumRedemptionMaximumRedemption"}, {"table_index": 136, "table_type": "text", "caption": null, "header_text": "Public shares(1)10,000,000"}, {"table_index": 137, "table_type": "text", "caption": null, "header_text": "(1)Does not include the additional 2,500,000 Class A ordinary shares issuable upon conversion of the 10,000,000 public rights upon the consummation of an initial business combination."}, {"table_index": 140, "table_type": "text", "caption": null, "header_text": "\u00b7the history and prospects of companies whose principal business is the acquisition of other companies;"}, {"table_index": 151, "table_type": "financial", "caption": null, "header_text": "\u00b7our being a blank check company with no operating history or revenue;"}, {"table_index": 153, "table_type": "financial", "caption": null, "header_text": "\u00b7the adverse impacts of certain events (such as terrorist attacks, natural disasters or a significant outbreak of infectious diseases) on our ability to consummate an initial business combination;"}, {"table_index": 155, "table_type": "financial", "caption": null, "header_text": "WithoutOver-allotmentOptionOver-allotmentOptionExercised"}, {"table_index": 156, "table_type": "financial", "caption": null, "header_text": "Amount% of Total"}, {"table_index": 158, "table_type": "financial", "caption": null, "header_text": "(1)Includes amounts payable to public shareholders who properly redeem their shares in connection with our successful completion of our initial business combination."}, {"table_index": 162, "table_type": "text", "caption": null, "header_text": "Offering Price of$8.00 (adjusted to include the value of the Rights)25% of MaximumRedemption50% of MaximumRedemption75% of MaximumRedemptionMaximumRedemption"}, {"table_index": 163, "table_type": "text", "caption": null, "header_text": "Full exercise of over-allotment optionNoRedemption25% ofMaximumRedemptions50% ofMaximumRedemptions75% ofMaximumRedemptionsMaximumRedemptions"}, {"table_index": 164, "table_type": "text", "caption": null, "header_text": "No exercise of over-allotment optionNoRedemption25% ofMaximumRedemptions50% ofMaximumRedemptions75% ofMaximumRedemptionsMaximumRedemptions"}, {"table_index": 166, "table_type": "text", "caption": null, "header_text": "No Redemptions25% of Maximum Redemptions50% of Maximum Redemptions75% of Maximum RedemptionsMaximum Redemptions"}, {"table_index": 167, "table_type": "financial", "caption": null, "header_text": "1.Expenses deducted from the gross proceeds include offering expenses of approximately $625,000 and total underwriting commissions of $500,000 (regardless of whether or not the over-allotment option i"}, {"table_index": 169, "table_type": "text", "caption": null, "header_text": "Shares PurchasedTotal ConsiderationAverage Price"}, {"table_index": 170, "table_type": "text", "caption": null, "header_text": "(1)Assumes the full forfeiture of 642,857 founder shares and no exercise of the underwriters\u2019 over-allotment option."}, {"table_index": 172, "table_type": "text", "caption": null, "header_text": "March 31, 2026"}, {"table_index": 173, "table_type": "text", "caption": null, "header_text": "(1)The $239,758 over-allotment liability represents the value of the 45-day over-allotment option granted to the underwriter to purchase up to 1,500,000 additional units at the initial public offering"}, {"table_index": 175, "table_type": "text", "caption": null, "header_text": "\u00b7may significantly dilute the equity interest of investors in this offering, which dilution would increase if the anti-dilution provisions in the Class B ordinary shares resulted in the issuance of Cl"}, {"table_index": 176, "table_type": "financial", "caption": null, "header_text": "\u00b7default and foreclosure on our assets if our operating revenues after an initial business combination are insufficient to repay our debt obligations;"}, {"table_index": 178, "table_type": "financial", "caption": null, "header_text": "\u00b7using a substantial portion of our cash flow to pay principal and interest on our debt, which will reduce the funds available for expenses, capital expenditures, acquisitions and other general corpor"}, {"table_index": 181, "table_type": "financial", "caption": null, "header_text": "\u00b7staffing for financial, accounting and external reporting areas, including segregation of duties;"}, {"table_index": 187, "table_type": "financial", "caption": null, "header_text": "\u00b7Substantial opportunity for growth following a business combination.Favorable sector and market dynamics including large unmet demand, which may drive organic growth with additional opportunities for"}, {"table_index": 193, "table_type": "text", "caption": null, "header_text": "\u00b7subject us to negative economic, competitive and regulatory developments, any or all of which may have a substantial adverse impact on the particular industry in which we operate after our initial bu"}, {"table_index": 195, "table_type": "financial", "caption": null, "header_text": "\u00b7We issue ordinary shares that will be equal to or in excess of 20% of the number of our ordinary shares then outstanding (other than in a public offering);"}, {"table_index": 198, "table_type": "text", "caption": null, "header_text": "\u00b7our registration statement/proxy statement filed for our business combination transaction would disclose the possibility that our sponsors, initial shareholders, directors, officers, advisors and the"}, {"table_index": 199, "table_type": "text", "caption": null, "header_text": "othe amount of our securities purchased outside of the redemption offer by our sponsors, initial shareholders, directors, officers, advisors and their affiliates, along with the purchase price;"}, {"table_index": 202, "table_type": "text", "caption": null, "header_text": "\u00b7conduct the redemptions in conjunction with a proxy solicitation pursuant to Regulation 14A of the Exchange Act, which regulates the solicitation of proxies, and not pursuant to the tender offer rule"}, {"table_index": 203, "table_type": "exhibit_index", "caption": null, "header_text": "\u00b7conduct the redemptions pursuant to Rule 13e-4 and Regulation 14E of the Exchange Act, which regulate issuer tender offers, and"}, {"table_index": 209, "table_type": "financial", "caption": null, "header_text": "Redemptions in Connectionwith our InitialBusiness CombinationOther PermittedPurchases of Public Sharesby our AffiliatesRedemptions if we fail toComplete an InitialBusiness Combination"}, {"table_index": 211, "table_type": "text", "caption": null, "header_text": "Redemptions in Connectionwith our InitialBusiness CombinationOther PermittedPurchases of Public Sharesby our AffiliatesRedemptions if we fail toComplete an InitialBusiness Combination"}, {"table_index": 212, "table_type": "financial", "caption": null, "header_text": "Terms of Our OfferingTerms Under a Rule 419 Offering"}, {"table_index": 214, "table_type": "exhibit_index", "caption": null, "header_text": "Terms of Our OfferingTerms Under a Rule 419 Offering"}, {"table_index": 216, "table_type": "financial", "caption": null, "header_text": "Terms of Our OfferingTerms Under a Rule 419 Offering"}, {"table_index": 218, "table_type": "exhibit_index", "caption": null, "header_text": "Terms of Our OfferingTerms Under a Rule 419 Offering"}, {"table_index": 222, "table_type": "text", "caption": null, "header_text": "NameAgePosition"}, {"table_index": 225, "table_type": "financial", "caption": null, "header_text": "\u00b7Repayment of up to an aggregate of $300,000 in loans made to us by our sponsors to cover offering-related and organizational expenses;"}, {"table_index": 227, "table_type": "text", "caption": null, "header_text": "\u00b7assisting board oversight of (1) the integrity of our financial statements, (2) our compliance with legal and regulatory requirements, (3) our independent registered public accounting firm\u2019s qualific"}, {"table_index": 228, "table_type": "text", "caption": null, "header_text": "\u00b7reviewing and approving on an annual basis the corporate goals and objectives relevant to our chief executive officer\u2019s compensation, evaluating our chief executive officer\u2019s performance in light of "}, {"table_index": 230, "table_type": "text", "caption": null, "header_text": "\u00b7reviewing our executive compensation policies and plans;"}, {"table_index": 232, "table_type": "text", "caption": null, "header_text": "\u00b7duty to act in good faith in what the director or officer believes to be in the best interests of the company as a whole;"}, {"table_index": 234, "table_type": "text", "caption": null, "header_text": "IndividualEntityAffiliation"}, {"table_index": 236, "table_type": "financial", "caption": null, "header_text": "\u00b7Our officers and directors are not required to, and will not, commit their full time to our affairs, which may result in a conflict of interest in allocating their time between our operations and our"}, {"table_index": 240, "table_type": "text", "caption": null, "header_text": "\u00b7each person known by us to be the beneficial owner of more than 5% of our issued and outstanding ordinary shares;"}, {"table_index": 241, "table_type": "text", "caption": null, "header_text": "Number ofClass AOrdinary SharesBeneficially OwnedApproximatePercentage ofOutstanding Class AOrdinary SharesNumber ofClass BOrdinarySharesApproximatePercentage ofOutstanding Class BOrdinary Shares"}, {"table_index": 243, "table_type": "text", "caption": null, "header_text": "(1)Unless otherwise noted, the business address of each of the following is c/o Pine Tree Acquisition Corp., 418 Broadway, #6538, Albany, NY 12207."}, {"table_index": 249, "table_type": "financial", "caption": null, "header_text": "\u00b7Repayment of up to an aggregate of $300,000 in loans made to us by our sponsors to cover offering-related and organizational expenses;"}, {"table_index": 251, "table_type": "text", "caption": null, "header_text": "\u00b710,000,000 Class A ordinary shares underlying units issued as part of this offering;"}, {"table_index": 256, "table_type": "text", "caption": null, "header_text": "\u00b7the names and addresses of the members, a statement of the shares held by each member, and of the amount paid or agreed to be considered as paid, on the shares of each member and the voting rights of"}, {"table_index": 262, "table_type": "text", "caption": null, "header_text": "\u00b7we are not proposing to act illegally or beyond the scope of our corporate authority and the statutory provisions as to majority vote have been complied with;"}, {"table_index": 264, "table_type": "text", "caption": null, "header_text": "\u00b7a company is acting, or proposing to act, illegally or beyond the scope of its authority;"}, {"table_index": 266, "table_type": "text", "caption": null, "header_text": "\u00b7annual reporting requirements are minimal and consist mainly of a statement that the company has conducted its operations mainly outside of the Cayman Islands and has complied with the provisions of "}, {"table_index": 270, "table_type": "text", "caption": null, "header_text": "\u00b7where this is necessary for the performance of our rights and obligations under any purchase agreements;"}, {"table_index": 272, "table_type": "text", "caption": null, "header_text": "\u00b7be informed about the purposes for which your personal data are processed;"}, {"table_index": 275, "table_type": "text", "caption": null, "header_text": "\u00b71% of the total number of Class A ordinary shares then outstanding, which will equal 148,257 shares immediately after this offering (or 170,286 if the underwriters exercise in full their over-allotme"}, {"table_index": 276, "table_type": "text", "caption": null, "header_text": "\u00b7the issuer of the securities that was formerly a shell company has ceased to be a shell company;"}, {"table_index": 278, "table_type": "financial", "caption": null, "header_text": "1.That no law which is hereafter enacted in the Islands imposing any tax to be levied on profits, income, gains or appreciations shall apply to the Company or its operations; and"}, {"table_index": 279, "table_type": "text", "caption": null, "header_text": "2.1On or in respect of the shares, debentures or other obligations of the Company; or"}, {"table_index": 281, "table_type": "text", "caption": null, "header_text": "\u00b7banks, financial institutions or financial services entities;"}, {"table_index": 283, "table_type": "financial", "caption": null, "header_text": "\u00b7persons that hold our securities as part of a straddle, constructive sale, hedge, wash sale, conversion or other integrated or similar transaction;"}, {"table_index": 285, "table_type": "financial", "caption": null, "header_text": "\u00b7an individual who is a citizen or resident of the United States;"}, {"table_index": 290, "table_type": "financial", "caption": null, "header_text": "\u00b7the U.S. Holder\u2019s gain or excess distribution will be allocated ratably over the U.S. Holder\u2019s holding period for the Class A ordinary shares or rights;"}, {"table_index": 294, "table_type": "text", "caption": null, "header_text": "\u00b7a non-resident alien individual (other than certain former citizens and residents of the United States subject to U.S. tax as expatriates);"}, {"table_index": 297, "table_type": "text", "caption": null, "header_text": "UnderwriterNumber ofUnits"}, {"table_index": 300, "table_type": "text", "caption": null, "header_text": "Per UnitTotal"}, {"table_index": 304, "table_type": "text", "caption": null, "header_text": "\u00b7a \u201csophisticated investor\u201d under section 708(8)(a) or (b) of the Corporations Act;"}, {"table_index": 306, "table_type": "text", "caption": null, "header_text": "(i)to any legal entity which is a qualified investor as defined under Article 2 of the Prospectus Regulation;"}, {"table_index": 308, "table_type": "text", "caption": null, "header_text": "\u00b7a corporation (which is not an accredited investor as defined under Section 4A of the SFA) the sole business of which is to hold investments and the entire share capital of which is owned by one or m"}, {"table_index": 310, "table_type": "text", "caption": null, "header_text": "\u00b7where the transfer is by operation of law;"}, {"table_index": 311, "table_type": "text", "caption": null, "header_text": "(i)to any legal entity which is a qualified investor as defined under Article 2 of the UK Prospectus Regulation;"}, {"table_index": 315, "table_type": "financial", "caption": null, "header_text": "Page(s)"}, {"table_index": 319, "table_type": "financial", "caption": null, "header_text": "As of December 31,2025As of December 31,2024"}, {"table_index": 320, "table_type": "text", "caption": null, "header_text": "1.In October 2025, the Company effected a share capitalization resulting in the issuance of 1,616,217 additional Class B ordinary shares. In June 2026, the Company issued an additional 888,030 Class B"}, {"table_index": 322, "table_type": "text", "caption": null, "header_text": "For the Year Ended December 31,2025For the Period from May 31, 2024 (Inception) through December 31, 2024"}, {"table_index": 323, "table_type": "text", "caption": null, "header_text": "1.The Company did not have any operating activity from its inception (May 31, 2024) through December 31, 2024. Accordingly, no results of operations for the prior-year period have been presented, as t"}, {"table_index": 325, "table_type": "text", "caption": null, "header_text": "Ordinary SharesSubscription Received inAdditional Paid-InAccumulatedTotal Stockholder\u2019s"}, {"table_index": 326, "table_type": "text", "caption": null, "header_text": "1.At inception, the Company issued one ordinary share with a par value of $1.00 to the Sponsor. In August 2025, the Company amended its Memorandum of Association and converted that share into 10,000 C"}, {"table_index": 328, "table_type": "financial", "caption": null, "header_text": "For the Year Ended December 31,2025For the Period from May 31, 2024 (Inception) through December 31, 2024"}, {"table_index": 332, "table_type": "text", "caption": null, "header_text": "\u00b7Level 1, defined as observable inputs such as quoted prices (unadjusted) for identical instruments in active markets;"}, {"table_index": 336, "table_type": "text", "caption": null, "header_text": "For theYear EndedDecember 31,2025"}, {"table_index": 338, "table_type": "financial", "caption": null, "header_text": "As of March 31,2026As of December 31,2025"}, {"table_index": 339, "table_type": "text", "caption": null, "header_text": "1.In October 2025, the Company effected a share capitalization resulting in the issuance of 1,616,217 additional Class B ordinary shares. In June 2026, the Company issued an additional 888,030 Class B"}, {"table_index": 341, "table_type": "financial", "caption": null, "header_text": "For the Three Months Ended March 31, 2026For the Three Months Ended March 31, 2025"}, {"table_index": 342, "table_type": "text", "caption": null, "header_text": "1.The Company did not have any operating activity for the three months ended March 31, 2025. Accordingly, no results of operations for the prior-year period have been presented."}, {"table_index": 344, "table_type": "financial", "caption": null, "header_text": "Ordinary SharesSubscription Received inAdditional Paid-InAccumulatedTotal Stockholder\u2019s"}, {"table_index": 345, "table_type": "text", "caption": null, "header_text": "1.At inception, the Company issued one ordinary share with a par value of $1.00 to the Sponsor. In August 2025, the Company amended its Memorandum of Association and converted that share into 10,000 C"}, {"table_index": 347, "table_type": "financial", "caption": null, "header_text": "For the Three Months Ended March 31,2026For the Three Months Ended March 31,2025"}, {"table_index": 351, "table_type": "text", "caption": null, "header_text": "\u00b7Level 1, defined as observable inputs such as quoted prices (unadjusted) for identical instruments in active markets;"}, {"table_index": 355, "table_type": "text", "caption": null, "header_text": "For The ThreeMonths Ended March 31, 2026As of March 31, 2026"}, {"table_index": 358, "table_type": "financial", "caption": null, "header_text": "Legal fees and expenses275,000"}, {"table_index": 361, "table_type": "exhibit_index", "caption": null, "header_text": "Exhibit No.Description"}, {"table_index": 363, "table_type": "financial", "caption": null, "header_text": "(a)The undersigned registrant hereby undertakes to provide to the underwriters at the closing specified in the underwriting agreement, certificates in such denominations and registered in such names a"}, {"table_index": 364, "table_type": "text", "caption": null, "header_text": "(1)For purposes of determining any liability under the Securities Act of 1933, the information omitted from the form of prospectus filed as part of this registration statement in reliance upon Rule 43"}, {"table_index": 365, "table_type": "exhibit_index", "caption": null, "header_text": "(3)For the purpose of determining liability under the Securities Act of 1933 of any purchaser, if the registrant is subject to Rule 430C, each prospectus filed pursuant to Rule 424(b) as part of a reg"}, {"table_index": 366, "table_type": "text", "caption": null, "header_text": "(i)any preliminary prospectus or prospectus of the undersigned registrant relating to the offering required to be filed pursuant to Rule 424;"}, {"table_index": 368, "table_type": "text", "caption": null, "header_text": "PINE TREE ACQUISITION CORP."}, {"table_index": 369, "table_type": "text", "caption": null, "header_text": "NamePosition"}], "exhibits_pending": true, "cdn_html": true, "response_time_ms": 125}