Thain’s Pine Island Acquisition to Intends to Liquidate

Pine Island Acquisition Corp., a blank-check company sponsored by a private equity firm founded by John A. Thain and Philip A. Cooper, said it will not consummate an initial business combination within the time period required by its amended charter, and intends to dissolve and liquidate in accordance with the charter’s provisions.

• The company anticipates that the public shares will cease trading as of the close of business on Oct. 27
• NOTE: Sept. 2020, Thain’s Pine Island Seeks to Raise $300M For Blank Check Co.

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