Tomorrow.io to Go Public via Merger With Pine Technology Acquisition Corp (Nasdaq: PTOC)

December 7, 2021

Tomorrow.io, a weather and climate security SaaS platform, entered into a definitive merger agreement with Pine Technology Acquisition Corp. to take Tomorrow.io public on Nasdaq under the symbol “TMW.” The deal includes up to $420 million of gross proceeds, including a $75 million PIPE anchored by investors such as Koch Strategic Platforms, National Grid Partners, JetBlue Technology Ventures, and SoftBank Group’s Japanese wholly-owned subsidiary.

Buyers
Pine Technology Acquisition Corp.
Targets
Tomorrow.io
Industry
Cloud & SaaS
Location
Massachusetts, United States
Transaction Type
Buyout

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