Pine Tree Acquisition said Tuesday it has priced its $100 million initial public offering of 10 million units at $10 apiece.

The blank-check company said the units are expected to list and trade on the Nasdaq Global Market this Tuesday under the ticker symbol, "PAXGU."

Pine Tree said that each unit consists of one class A ordinary share and one right worth three-fourths of a share after an initial business combination.

Once the securities comprising the units begin trading, the shares and rights are expected to list on Nasdaq under the "PAXG" and "PAXGR" symbols, respectively, the company said.

Pine Tree expects the offering to close on Wednesday.