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Merger activity declined last week with three new deals announced and five deals completed. Two of the three new deals announced were potential deals in the works. I was surprised to see that four SPAC combinations were terminated. Clearly the SPAC bubble continues to deflate due to unfavorable market conditions. Things are however starting to look very interesting on the merger arbitrage front. We have identified three deals that look attractive to us and we will be writing about them in our March mid-month update for premium subscribers. When we launched Inside Arbitrage in 2018 we were tracking two strategies including merger arbitrage and insider trading. Since then we have expanded bot
Pine Technology Acquisition Corp. (NASDAQ:PTOC, PTOCW, PTOCU))), a special purpose acquisition company (“Pine Technology”), and The Tomorrow Companies Inc. (“Tomorrow.io”) today announced that they have agreed to terminate the previously announced agreement and plan of merger (the “Business Combination Agreement”) due to market conditions and will not complete their previously announced business combination. Pine Technology intends to continue to pursue the consummation of a business combination with an appropriate target. Additional information about the termination of the Business Combination Agreement will be provided in a Current Report on Form 8-K to be filed by Pine Technology with t
Tomorrow.io announces first members of Earth Science Research Collaborative BOSTON, Feb. 25, 2022 /PRNewswire/ -- The Tomorrow Companies Inc. ("Tomorrow.io"), developer of a leading platform for global weather and climate security, today announced it has entered into a Cooperative Research and Development Agreement ("CRADA") with the National Oceanic and Atmospheric Administration ("NOAA") to analyze data to be provided by Tomorrow.io weather satellites, assess its impact on NOAA forecasts, and evaluate use of the data in NOAA's weather models. Tomorrow.io plans to launch its first satellites starting in late 2022, with a full constellation expected to be in orbit by 2024. In December, To
15-12G - Pine Technology Acquisition Corp. (0001838238) (Filer)
25-NSE - Pine Technology Acquisition Corp. (0001838238) (Subject)
8-K - Pine Technology Acquisition Corp. (0001838238) (Filer)
Aurora and Boston, March 07, 2022 (GLOBE NEWSWIRE) -- Pine Technology Acquisition Corp. (NASDAQ:PTOC, PTOCW, PTOCU))), a special purpose acquisition company ("Pine Technology"), and The Tomorrow Companies Inc. ("Tomorrow.io") today announced that they have agreed to terminate the previously announced agreement and plan of merger (the "Business Combination Agreement") due to market conditions and will not complete their previously announced business combination. Pine Technology intends to continue to pursue the consummation of a business combination with an appropriate target. Additional information about the termination of the Business Combination Agreement will be provided in a Current
BOSTON, Feb. 25, 2022 /PRNewswire/ -- The Tomorrow Companies Inc. ("Tomorrow.io"), developer of a leading platform for global weather and climate security, today announced it has entered into a Cooperative Research and Development Agreement ("CRADA") with the National Oceanic and Atmospheric Administration ("NOAA") to analyze data to be provided by Tomorrow.io weather satellites, assess its impact on NOAA forecasts, and evaluate use of the data in NOAA's weather models. Tomorrow.io plans to launch its first satellites starting in late 2022, with a full constellation expected to be in orbit by 2024. In December, Tomorrow.io announced plans to list on Nasdaq through a merger with Pine Technol
BOSTON, Feb. 17, 2022 /PRNewswire/ -- The Tomorrow Companies Inc. ("Tomorrow.io"), developer of a leading platform for global weather and climate security, today announced the "Tomorrow.io ESG and Climate Adaptation Awards." The awards will be presented by Bruce Simpson at Tomorrow.io's third annual Weather Intelligence Conference on May 13 to recognize an elite group of companies excelling in their climate adaptation execution and sustainable operations strategies. Tomorrow.io previously announced plans to list on Nasdaq through a merger with Pine Technology Acquisition Corp. ("Pine Technology") (NASDAQ:PTOC, PTOCW, PTOCU))). "Every company is being challenged to meet sustainability and ES
SC 13G/A - Pine Technology Acquisition Corp. (0001838238) (Subject)
SC 13G/A - Pine Technology Acquisition Corp. (0001838238) (Subject)
SC 13G - Pine Technology Acquisition Corp. (0001838238) (Subject)