• Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • Settings
  • RSS Feeds
Quantisnow Logo
  • Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • Settings
  • RSS Feeds
PublishDashboard
    Quantisnow Logo

    © 2025 quantisnow.com
    Democratizing insights since 2022

    Services
    Live news feedsRSS FeedsAlertsPublish with Us
    Company
    AboutQuantisnow PlusContactJobsAI employees
    Legal
    Terms of usePrivacy policyCookie policy

    Pine Island Acquisition Corp. filed SEC Form 8-K: Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing

    10/14/22 4:26:16 PM ET
    $PIPP
    Consumer Electronics/Appliances
    Industrials
    Get the next $PIPP alert in real time by email
    0001822835 false 0001822835 2022-10-14 2022-10-14 0001822835 pipp:UnitsEachConsistingOfOneShareOfClassCommonStock0.0001ParValueAndOnethirdOfOneRedeemableWarrantMember 2022-10-14 2022-10-14 0001822835 us-gaap:CommonClassAMember 2022-10-14 2022-10-14 0001822835 pipp:RedeemableWarrantsIncludedAsPartOfUnitsEachWholeWarrantExercisableForOneShareOfClassCommonStockAtExercisePriceOf11.50Member 2022-10-14 2022-10-14 iso4217:USD xbrli:shares iso4217:USD xbrli:shares

     

     

    UNITED STATES

    SECURITIES AND EXCHANGE COMMISSION

    Washington, D.C. 20549

     

     

    FORM 8-K

     

     

    CURRENT REPORT

    PURSUANT TO SECTION 13 OR 15(D)

    OF THE SECURITIES EXCHANGE ACT OF 1934

     

    Date of Report (Date of earliest event reported): October 14, 2022

     

     

    PINE ISLAND ACQUISITION CORP.

    (Exact name of registrant as specified in its charter)

     

     

    Delaware 001-39707 85-2640308
    (State or other jurisdiction
    of incorporation)
    (Commission
    File Number)
    (IRS Employer
    Identification No.)

     

    2455 E. Sunrise Blvd, Suite 1205

    Fort Lauderdale, FL 33304

    (Address of principal executive offices, including zip code)

     

    Registrant’s telephone number, including area code: (954) 526-4865

     

    Not Applicable

    (Former name or former address, if changed since last report)

     

     

    Check the appropriate box below if the Form 8-K is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

     

    ¨ Written communication pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
       
    ¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
       
    ¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
       
    ¨ Pre-commencements communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

     

    Securities registered pursuant to Section 12(b) of the Act:

     

    Title of each class   Trading
    Symbol(s)
      Name of each exchange
    on which registered
    Units, each consisting of one share of Class A common stock, $0.0001 par value, and one-third of one redeemable warrant   PIPP.U   The New York Stock Exchange
             
    Shares of Class A common stock included as part of the units   PIPP   The New York Stock Exchange
             
    Redeemable warrants included as part of the units, each whole warrant exercisable for one share of Class A common stock at an exercise price of $11.50   PIPP WS   The New York Stock Exchange

     

    Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

     

    Emerging growth company x

     

    If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨

     

     

     

     

     

    Item 3.01. Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing.

     

    As previously disclosed, on October 13, 2022, Pine Island Acquisition Corp. (the “Company”) issued a press release announcing that (i) the Company would redeem all of its outstanding shares of Class A common stock that were included in the units issued in its initial public offering, effective as of the close of business on October 28, 2022, because the Company will not consummate an initial business combination within the time period required by its Amended and Restated Certificate of Incorporation, and (ii) there will be no redemption rights or liquidating distributions with respect to the Company’s warrants, which will expire worthless. Following such announcement, on October 14, 2022, the New York Stock Exchange (the “NYSE”) notified the Company, and publicly announced, that the NYSE determined to commence proceedings to delist the Company’s warrants from the NYSE and that trading in the Company’s warrants would be suspended immediately, due to trading price levels pursuant to Section 802.01D of the NYSE Listed Company Manual. As a result of the expected expiration of the warrants described above, the Company does not intend to appeal the NYSE’s determination.

     

    Cautionary Statements Regarding Forward-Looking Statements

     

    This Current Report on Form 8-K includes “forward-looking statements” within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995, as amended. Certain of these forward-looking statements can be identified by the use of words such as “believes,” “expects,” “intends,” “plans,” “estimates,” “assumes,” “may,” “should,” “will,” “seeks,” or other similar expressions. Such forward-looking statements are based on current expectations as of the date of this Current Report on Form 8-K and involve a number of risks and uncertainties that may cause actual results to differ significantly. The Company does not assume any obligation to update or revise any such forward-looking statements, whether as the result of new developments or otherwise. Readers are cautioned not to put undue reliance on forward-looking statements.

     

     

     

     

    SIGNATURE

     

    Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

     

      PINE ISLAND ACQUISITION CORP.
         
    Date: October 14, 2022 By: /s/ Charles G. Bridge, Jr.
      Name: Charles G. Bridge, Jr.
      Title: Chief Financial Officer

     

     

     

    Get the next $PIPP alert in real time by email

    Chat with this insight

    Save time and jump to the most important pieces.

    Recent Analyst Ratings for
    $PIPP

    DatePrice TargetRatingAnalyst
    More analyst ratings

    $PIPP
    Press Releases

    Fastest customizable press release news feed in the world

    See more
    • Pine Island Acquisition Corp. Announces It Will Redeem Its Public Shares and Will Not Consummate an Initial Business Combination

      Pine Island Acquisition Corp. (NYSE:PIPP) (the "Company") announced today that, because the Company will not consummate an initial business combination within the time period required by its Amended and Restated Certificate of Incorporation (the "Amended Charter"), the Company intends to dissolve and liquidate in accordance with the provisions of the Amended Charter, effective as of the close of business on October 28, 2022, and will redeem all of the outstanding shares of Class A common stock that were included in the units issued in its initial public offering (the "Public Shares"), at a per-share redemption price of approximately $10.04. As of the close of business on October 28, 2022,

      10/13/22 4:16:00 PM ET
      $PIPP
      Consumer Electronics/Appliances
      Industrials
    • Pine Island Acquisition Corp. Announces Receipt of Continued Listing Notice From NYSE Relating to the Impact of Recent SEC Guidance on Accounting for Warrants

      Pine Island Acquisition Corp. (the "Company") announced today that it received a non-compliance notice from the New York Stock Exchange (the "NYSE") relating to the Company's delay in filing its Quarterly Report on Form 10-Q for the quarter ended March 31, 2021 as it seeks to comply with recently issued guidance by the Securities and Exchange Commission ("SEC") related to the accounting treatment of warrants. This notice from NYSE has no effect on the listing of the Company's securities on the NYSE. Given the scope of the valuation process for calculating the fair value of the Warrant liabilities described below in accordance with the SEC Staff Statement, the Company is not in a position to

      5/28/21 4:50:00 PM ET
      $PIPP
      Consumer Electronics/Appliances
      Industrials

    $PIPP
    Large Ownership Changes

    This live feed shows all institutional transactions in real time.

    See more
    • SEC Form SC 13G/A filed by Pine Island Acquisition Corp. (Amendment)

      SC 13G/A - Pine Island Acquisition Corp. (0001822835) (Subject)

      2/14/22 6:19:46 AM ET
      $PIPP
      Consumer Electronics/Appliances
      Industrials
    • SEC Form SC 13G/A filed by Pine Island Acquisition Corp. (Amendment)

      SC 13G/A - Pine Island Acquisition Corp. (0001822835) (Subject)

      2/7/22 4:54:25 PM ET
      $PIPP
      Consumer Electronics/Appliances
      Industrials
    • SEC Form SC 13G/A filed by Pine Island Acquisition Corp. (Amendment)

      SC 13G/A - Pine Island Acquisition Corp. (0001822835) (Subject)

      1/27/22 10:17:52 AM ET
      $PIPP
      Consumer Electronics/Appliances
      Industrials

    $PIPP
    SEC Filings

    See more
    • SEC Form 15-12G filed by Pine Island Acquisition Corp.

      15-12G - Pine Island Acquisition Corp. (0001822835) (Filer)

      11/10/22 4:07:38 PM ET
      $PIPP
      Consumer Electronics/Appliances
      Industrials
    • SEC Form 25-NSE filed by Pine Island Acquisition Corp.

      25-NSE - Pine Island Acquisition Corp. (0001822835) (Subject)

      10/28/22 12:28:02 PM ET
      $PIPP
      Consumer Electronics/Appliances
      Industrials
    • SEC Form 25-NSE filed by Pine Island Acquisition Corp.

      25-NSE - Pine Island Acquisition Corp. (0001822835) (Subject)

      10/17/22 3:57:36 PM ET
      $PIPP
      Consumer Electronics/Appliances
      Industrials