Pine Technology Acquisition Corp. focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. It intends on identifying businesses in the insurance-related technology sector. The company was incorporated in 2020 and is based in Aurora, Ohio.
IPO Year: 2021
Exchange: NASDAQ
Website: pinetechnology.com
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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
BOSTON, Feb. 16, 2022 /PRNewswire/ -- The Tomorrow Companies Inc. ("Tomorrow.io"), developer of a leading platform for global weather and climate security, today announced the addition of Rear Admiral Timothy Gallaudet, Ph.D., U.S. Navy (ret) and Dr. J. Marshall Shepherd to the company's advisory board. Rear Adm. Gallaudet was the Assistant Secretary of Commerce for Oceans and Atmosphere and Acting Administrator of the National Oceanic and Atmospheric Administration (NOAA). He was Oceanographer of the Navy and Commander of the Navy Meteorology and Oceanography Command. Dr. Shepherd was President of the American Meteorological Society. He is Director of the University Georgia's Atmosph
BOSTON, Feb. 8, 2022 /PRNewswire/ -- Tomorrow.io, the developer of the leading platform for global weather and climate security, today announced a more than 150% increase in sales to $19 million in 2021 from $7.4 million in 2020 as its client roster expanded more than 80% across enterprise, government and B2C businesses. These and other 2021 performance and technology milestones underpin the company's previously disclosed projections for continued extraordinary growth. In December, Tomorrow.io announced plans to list on Nasdaq through a merger with Pine Technology Acquisition Corp. (NASDAQ:PTOC, PTOCW, PTOCU))). The transaction includes a fully-committed PIPE anchored by institutional and st
BOSTON, Feb. 7, 2022 /PRNewswire/ -- Tomorrow.io, developer of a leading platform for global weather and climate security, has been awarded a $19.3 million contract from the U.S. Air Force (USAF) to develop a constellation of weather satellites that will provide the USAF with three-dimensional global weather and ocean data. "Global environmental data is essential to effective mission planning and execution of air and ground operations," said John Dreher, materiel leader, Weather Systems Branch. "This satellite constellation partnership with Tomorrow.io will give Air Force weather operators a vastly improved awareness of current and forecasted weather conditions." The contract was awarded as
BOSTON, Jan. 28, 2022 /PRNewswire/ -- The Tomorrow Companies Inc. ("Tomorrow.io"), developer of a leading platform for global weather and climate security, today announced the addition of former NASA astronauts Dr. Kathryn Sullivan and Steve Smith to the company's advisory board. Dr. Sullivan was the Under Secretary of Commerce for Oceans and Atmosphere and Administrator of the National Oceanic and Atmospheric Administration (NOAA). She was appointed by President Biden to the President's Council of Advisors on Science and Technology. Mr. Smith was Deputy Chief of the NASA Astronaut Corps, served as a U.S. Diplomat overseas for 12 years, and is now a Director of the International Space Stati
BOSTON, Jan. 13, 2022 /PRNewswire/ -- The Tomorrow Companies Inc. ("Tomorrow.io"), developer of a leading platform for global weather and climate security, today released a new case study with intermodal and logistics leader ITS ConGlobal to highlight how supply chain leaders are using weather intelligence to prepare for and mitigate the impact of weather. In December, Tomorrow.io announced plans to list on Nasdaq through a merger with Pine Technology Acquisition Corp. ("Pine Technology") (NASDAQ:PTOC, PTOCW, PTOCU))). Upon closing of the transaction, Tomorrow.io's common stock and warrants are expected to trade on Nasdaq under the new ticker symbols "TMW" and "
BOSTON, Jan. 10, 2022 /PRNewswire/ -- The Tomorrow Companies Inc. ("Tomorrow.io"), developer of a leading platform for global weather and climate security, the World Meteorological Organization (WMO), and the Coordination Group for Meteorological Satellites (CGMS) came together virtually on Dec. 14 for a robust discussion on the emerging needs, recent advancement, and potential impacts of the space-based observing system for precipitation. In December, Tomorrow.io announced plans to list on Nasdaq through a merger with Pine Technology Acquisition Corp. ("Pine Technology") (NASDAQ:PTOC, PTOCW, PTOCU))). Upon closing of the transaction, Tomorrow.io's common stock and warrants are expected
Tomorrow.io's proprietary Weather and Climate Security Platform gives businesses, governments, and individuals tools to automate decision making and enable climate adaptation at scale. Clients include Uber Technologies, Ford Motor Company, Delta Airlines, JetBlue Airways, National Grid and the U.S. Air Force. The transaction will fund growth and accelerate product development for Tomorrow.io's forecasting capabilities and planned launch of radar-equipped satellites. Pro-forma equity value of the combined company is approximately $1.2 billion. Tomorrow.io expects to receive up to $420 million in gross transaction proceeds (assuming no redemptions). Transaction includes a $75 milli
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