Pine Technology Acquisition Corp. and Tomorrow.io Agree to Terminate Merger Agreement – Parabolic Arc

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AURORA, Colo. and BOSTON, March 07, 2022 (Pine Expertise Acquisition/Tomorrow.io PR) — Pine Expertise Acquisition Corp. (Nasdaq: PTOC, PTOCW, PTOCU), a particular function acquisition firm (“Pine Expertise”), and The Tomorrow Firms Inc. (“Tomorrow.io”) at the moment introduced that they’ve agreed to terminate the beforehand introduced settlement and plan of merger (the “Enterprise Mixture Settlement”) as a consequence of market situations and won’t full their beforehand introduced enterprise mixture.

Pine Expertise intends to proceed to pursue the consummation of a enterprise mixture with an applicable goal.

Further details about the termination of the Enterprise Mixture Settlement shall be offered in a Present Report on Kind 8-Okay to be filed by Pine Expertise with the SEC and out there at www.sec.gov.

About Pine Expertise Acquisition Corp.

Pine Expertise Acquisition Corp. is a particular function acquisition firm (SPAC) fashioned for the aim of concentrating on a number of companies within the insurance-related know-how (InsurTech) sector for its preliminary enterprise mixture. Pine Expertise is led by CEO and Director Christopher Longo, the Founder and CEO of tech-focused business insurance coverage managing basic agent and brokerage, Novum Underwriting Companions, and the previous CIO and COO of AmTrust Monetary Companies, Inc. (“AmTrust”) and non-Government Chairman Adam Karkowsky, who presently serves because the President of AmTrust. Pine Expertise Acquisition Corp. was based in December 2020 and its Items, Class A standard inventory and warrants are listed on the Nasdaq underneath the symbols PTOCU, PTOC, and PTOCW, respectively.

About Tomorrow.io

Tomorrow.io is The World’s Climate and Local weather Safety Platform, serving to nations, companies, and people handle their climate and local weather safety challenges. The platform is totally customizable to any trade impacted by the climate. Clients world wide, together with Uber, Delta, Ford, Nationwide Grid, and extra use Tomorrow.io to dramatically enhance operational effectivity. Tomorrow.io was constructed from the bottom as much as assist groups put together for the enterprise influence of climate by automating decision-making and enabling local weather adaptation at scale.

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Ahead-Trying Statements

This press launch contains statements that aren’t historic information however are forward-looking statements for functions of the secure harbor provisions underneath relevant securities legal guidelines, together with america Non-public Securities Litigation Reform Act of 1995. Ahead-looking statements typically are accompanied by phrases resembling “consider,” “could,” ”may,” “will,” “estimate,” “proceed,” “anticipate,” “intend,” “goal,” “aim,” “anticipate,” “ought to,” “would,” “plan,” “predict,” “venture,” “forecast,” “potential,” “appear,” “search,” “future,” “outlook,” and comparable expressions that predict or point out future occasions or traits or that aren’t statements of historic issues. These forward-looking statements embody, however are usually not restricted to, statements relating to Pine Expertise’s pursuit of an applicable goal. Ahead-looking statements are predictions, projections and different statements about future occasions which can be based mostly on present expectations and assumptions and, because of this, are topic to dangers and uncertainties. You must rigorously think about the dangers and uncertainties described within the registration assertion on Kind S-1, together with Pine Expertise’s prospectus (the “Prospectus”), filed by Pine Expertise with the Securities and Change Fee (the “SEC”) underneath the heading “Threat Components” and different paperwork of Pine Expertise filed, or to be filed, with the SEC. There could also be extra dangers that Pine Expertise and Tomorrow.io presently have no idea or that they presently consider are immaterial that would additionally trigger precise outcomes to vary from these contained within the forward-looking statements. As well as, forward-looking statements replicate Pine Expertise’s and Tomorrow.io’s expectations, plans or forecasts of future occasions and views as of the date of this press launch. Pine Expertise and Tomorrow.io anticipate that subsequent occasions and developments will trigger their assessments to vary. Nonetheless, whereas Pine Expertise and Tomorrow.io could elect to replace these forward-looking statements in some unspecified time in the future sooner or later, Pine Expertise and Tomorrow.io particularly disclaim any obligation to take action. These forward-looking statements shouldn’t be relied upon as representing Pine Expertise’s and Tomorrow.io’s assessments as of any date subsequent to the date of this press launch. Accordingly, undue reliance shouldn’t be positioned upon the forward-looking statements.

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