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By Reuters Staff 2 Min Read (Reuters) - A blank-check firm, backed by AmTrust Financial Services Chief Executive Officer Barry Zyskind, is looking to raise $300 million through an initial public offering, a regulatory filing showed on Friday. Pine Technology Acquisition Corp said it plans to sell 30 million units, made up of shares and warrants, priced at $10 per share on the Nasdaq Capital Market. (bit.ly/37tIFJz) The special purpose acquisition company (SPAC), founded by current and former senior executives of New York City-based insurer AmTrust, plans to look for targets in the so-called insurance technology, or “insurtech” sector. The COVID-19 pandemic has increased the insurance sector’s reliance on technology to reach customers, putting the focus on companies such as Lemonade Inc.

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