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PTOC - SPAC Pine Technology Acquisition Tomorrow.io agree to terminate merger pact
Pine Technology Acquisition Corp.
SPAC Pine Technology Acquisition (NASDAQ:PTOC) have agreed to terminate the previously announced agreement and plan of merger due to market conditions and will not complete their previously announced business combination. The company intends to continue to pursue the consummation of a business combination with an appropriate target. Shares are down 0.7% PM.