Certain Class B Common Stock of Pine Island Acquisition Corp. are subject to a Lock-Up Agreement Ending on 15-MAY-2021. These Class B Common Stock will be under lockup for 180 days starting from 16-NOV-2020 to 15-MAY-2021.

Details:
Sponsor and officers and directors have agreed that, for a period of 180 days from the date of this prospectus, they will not, without the prior written consent of the representative, offer, sell, contract to sell, pledge or otherwise dispose of, directly or indirectly, any units, warrants, shares of common stock or any other securities convertible into, or exercisable, or exchangeable for, shares of common stock, provided, however, that we may (1) issue and sell the private placement warrants, (2) issue and sell the additional units to cover our underwriters' over-allotment option (if any), (3) register with the SEC pursuant to an agreement to be entered into concurrently with the issuance and sale of the securities in this offering, he resale of the private placement warrants and shares of Class A common stock issuable upon exercise of the warrants and upon conversion of the founder shares and (4) issue securities in connection with an initial business combination. The representative in its discretion may unanimously release any of the securities subject to these lock-up agreements at any time without notice.