Pine Island Acquisition Corp. (the “Company”) is a blank check company incorporated in Delaware on August 21, 2020. The Company was formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses (the “Business Combination”). The Company is an emerging growth company and, as such, the Company is subject to all of the risks associated with emerging growth companies.
Company profile
Ticker
PIPP, PIPPW, PIPP-UN
Exchange
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
Corporate docs
IRS number
852640308
PIPP stock data
Latest filings (excl ownership)
15-12G
Securities registration termination
10 Nov 22
25-NSE
Exchange delisting
28 Oct 22
25-NSE
Exchange delisting
17 Oct 22
8-K
Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard
14 Oct 22
8-K
Pine Island Acquisition Corp. Announces it Will Redeem its Public Shares and Will Not Consummate an Initial Business Combination
13 Oct 22
10-Q
2022 Q2
Quarterly report
15 Aug 22
10-Q
2022 Q1
Quarterly report
17 May 22
NT 10-Q
Notice of late quarterly filing
16 May 22
8-K
Entry into a Material Definitive Agreement
15 Apr 22
10-K
2021 FY
Annual report
4 Apr 22
Latest ownership filings
SC 13G/A
CITADEL ADVISORS LLC
14 Feb 22
SC 13G/A
INTEGRATED CORE STRATEGIES (US) LLC
7 Feb 22
SC 13G/A
WELLS FARGO & COMPANY/MN
27 Jan 22
SC 13G
Vellar Opportunities Fund Master, Ltd.
16 Feb 21
SC 13G/A
CITADEL ADVISORS LLC
16 Feb 21
SC 13G
Pine Island Sponsor LLC
12 Feb 21
SC 13G
WELLS FARGO & COMPANY/MN
11 Feb 21
SC 13G
CITADEL ADVISORS LLC
27 Nov 20
SC 13G
INTEGRATED CORE STRATEGIES (US) LLC
23 Nov 20
3
JOHN A THAIN
16 Nov 20
Financial summary
Quarter (USD) | Jun 22 | Mar 22 | Dec 21 | Sep 21 | |
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Diluted EPS |
Annual (USD) | Dec 21 | Dec 20 | |
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Change in cash | |||
Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 128.78 k | 128.78 k | 128.78 k | 128.78 k | 128.78 k | 128.78 k |
Cash burn (monthly) | (no burn) | (no burn) | 67.07 k | 120.96 k | 691.49 k | 478.67 k |
Cash used (since last report) | n/a | n/a | 1.41 mm | 2.53 mm | 14.49 mm | 10.03 mm |
Cash remaining | n/a | n/a | -1.28 mm | -2.41 mm | -14.36 mm | -9.90 mm |
Runway (months of cash) | n/a | n/a | -19.0 | -19.9 | -20.8 | -20.7 |
Institutional ownership, Q3 2022
97.1% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 62 |
Opened positions | 60 |
Closed positions | 3 |
Increased positions | 0 |
Reduced positions | 0 |
13F shares | Current |
---|---|
Total value | 1.89 bn |
Total shares | 21.20 mm |
Total puts | 100.00 |
Total calls | 43.60 k |
Total put/call ratio | 0.0 |
Largest owners | Shares | Value |
---|---|---|
Pine Island Sponsor | 5.38 mm | $0.00 |
D. E. Shaw & Co. | 1.07 mm | $10.67 mm |
Integrated Core Strategies | 881.81 k | $8.70 mm |
Millennium Management | 864.74 k | $8.63 mm |
Marshall Wace | 857.44 k | $8.56 mm |
BNP Paribas Arbitrage | 808.89 k | $8.07 mm |
WRB W.R. Berkley | 700.57 k | $6.99 mm |
Taconic Capital Advisors | 625.00 k | $6.24 mm |
Vivaldi Asset Management | 601.94 k | $6.01 mm |
Highbridge Capital Management | 590.30 k | $5.89 mm |