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Pine Technology (PTOC) to Combine with Tomorrow.io in $729M Deal

Pine Technology (PTOC) to Combine with Tomorrow.io in $729M Deal

Pine Technology Acquisition Corp. (NASDAQ:PTOC) has entered into a definitive agreement to combine with weather forecasting company Tomorrow.io at an enterprise value of $729 million, or 11.1x its 2023E revenue. Boston-based Tomorrow.io is a weather and climate platform dedicated to helping countries, businesses, and individuals manage their weather and climate security challenges. The combined company is
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