On November 16, 2020, Pine Island Acquisition Corp. consummated the IPO of 20,000,000 units. On November 16, 2020, in connection with the IPO, Stuart W. Holliday, Capricia P. Marshall and Michael E. Roemer were appointed to the board of directors of the company. Effective November 16, 2020, each of Stuart W. Holliday, Capricia P. Marshall and Michael E. Roemer was also appointed to the Board's Audit Committee, Compensation Committee and Nominating and Corporate Governance Committee, with Michael E. Roemer serving as chair of the Audit Committee, Capricia P. Marshall serving as chair of the Nominating and Corporate Governance Committee and Stuart W. Holliday serving as chair of the Compensation Committee.