Pine Technology Acquisition Corp. announced that it has issued an unsecured promissory note in the principal amount of $350,000 to returning investor, Pine Technology Sponsor LLC on December 6, 2021. The note bears interest at a rate of 0.33% per annum and is repayable in full, including accrued interest thereon, on the earlier of March 15, 2023 and the date on which the company consummates an initial business combination as contemplated by its current charter.