Millennium Management LLC Makes New Investment in Pine Technology Acquisition Corp. (NASDAQ:PTOC)

Millennium Management LLC acquired a new position in shares of Pine Technology Acquisition Corp. (NASDAQ:PTOC) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 486,585 shares of the company’s stock, valued at approximately $4,715,000. Millennium Management LLC owned 4.78% of Pine Technology Acquisition as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Whitebox Advisors LLC purchased a new stake in Pine Technology Acquisition during the second quarter worth approximately $2,713,000. Owl Creek Asset Management L.P. purchased a new position in shares of Pine Technology Acquisition in the second quarter valued at $4,361,000. LMR Partners LLP purchased a new position in shares of Pine Technology Acquisition in the second quarter valued at $3,682,000. Alberta Investment Management Corp purchased a new position in shares of Pine Technology Acquisition in the second quarter valued at $4,928,000. Finally, Berkley W R Corp purchased a new position in shares of Pine Technology Acquisition in the second quarter valued at $3,397,000.

Shares of PTOC stock opened at $9.76 on Thursday. The company has a fifty day moving average price of $9.71. Pine Technology Acquisition Corp. has a twelve month low of $9.60 and a twelve month high of $10.00.

About Pine Technology Acquisition

Pine Technology Acquisition Corp., a blank check company, intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or related business combination with one or more businesses. It intends to identify the business in the areas of InsurTech or insurance. The company was incorporated in 2020 and is based in Aurora, Ohio.

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Institutional Ownership by Quarter for Pine Technology Acquisition (NASDAQ:PTOC)

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