Units, each consisting of one Class A ordinary share and one right
- Symbol
- PNAQ.U
- Exchange
- NYSE
- Classification
- UNIT
Current Report · Items 8.01, 9.01 · 8-K
Pinnacle Acquisition Corporation
PNAQNYSEEQUITYCurrent
Other Events
Item 8.01. Other Events. Forfeiture of Founder Shares As previously reported, on August 10, 2026, Pinnacle Acquisition Corporation (the “Company”) consummated its initial public offering (the “IPO”) of 20,000,000 units (the “Units”).…
Company context
We are a blank check company newly incorporated as a Cayman Islands exempted company for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses, which we refer to throughout this prospectus as our initial business combination. We have not identified or selected any potential initial business combination target, and we have not, nor has anyone on our behalf, initiated any substantive discussions, directly or indirectly, with any potential initial business combination target. We intend to focus our efforts on businesses with growth platforms, strong management teams, and opportunities to drive value creation such as the ability to pursue further accretive acquisitions or capital structure optimization. To date, our efforts have been limited to organizational activities and activities related to this offering.
Current securities
Recent company filings
- SCHEDULE 13D/A - filed by PAC Sponsor, LLC regarding Pinnacle Acquisition CorpSep 23, 2026
- SCHEDULE 13D/A - filed by Hudson Steven Kenneth regarding Pinnacle Acquisition CorpSep 23, 2026
- 4 filingSep 23, 2026
- 10-Q filingSep 18, 2026
- SCHEDULE 13D - filed by PAC Sponsor, LLC regarding Pinnacle Acquisition CorpAug 17, 2026
Registered securities in this filing
Pinnacle Acquisition Corporation · 8-K · Filed 2026-09-25
Class A ordinary shares, par value $0.0001 per share
- Symbol
- PNAQ
- Exchange
- NYSE
- Classification
- COMMON
- Status
- Current
Rights, each right entitling the holder to receive one-eighth (1/8) of one Class A ordinary share
- Symbol
- PNAQ.RT
- Exchange
- NYSE
- Classification
- RIGHT
Disclosure sections
Item 8.01Item 8.01 - Other Events
Item 8.01. Other Events.
Forfeiture of Founder Shares
As previously reported, on
August 10, 2026, Pinnacle Acquisition Corporation (the “Company”) consummated its initial public offering (the “IPO”)
of 20,000,000 units (the “Units”). Each Unit consists of one Class A ordinary share of the Company, par value $0.0001 per
share (the “Class A Ordinary Shares”), and one right to receive one-eighth (1/8) of one Class A Ordinary Share upon the consummation
of the Company’s initial business combination (the “Right”). The Units were sold at a price of $10.00 per Unit, generating
gross proceeds to the Company of $200,000,000. The Company also granted the underwriters in the IPO a 45-day option to purchase up to
an additional 3,000,000 units to cover over-allotments, if any. PAC Sponsor, LLC, the Company’s sponsor (the “Sponsor”),
owned an aggregate of 5,750,000 Class B ordinary share of the Company, par value $0.0001 per share (the “Class B Ordinary Shares”),
at the consummation of the IPO, up to 750,000 shares of which were subject to forfeiture depending on the extent to which the underwriters’
over-allotment option is exercised.
On September 21, 2026, following the expiration of the underwriters’ over-allotment option without any exercise, 750,000 shares
of Class B Ordinary Shares were forfeited by the Sponsor in order for it to maintain ownership of 20.0% of the issued and outstanding
ordinary shares of the Company (excluding the Class A Ordinary Shares underlying the private placement units held by the Sponsor). Such
forfeited shares were cancelled by the Company.
Separate Trading of Class A Ordinary Shares and Rights
On
September 25, 2026, the Company announced that, commencing on September 25, 2026, the holders of the Units may elect to separately trade
the Class A Ordinary Shares and the Rights included in the Units. Any Units not separated will continue to trade on the New York Stock
Exchange under the symbol “PNAQ. U.” The Class A Ordinary Shares and the Rights are expected to trade on the New York Stock
Exchange under the symbols “PNAQ” and “PNAQ. RT,” respectively. Holders of Units will need to have their brokers
contact Continental Stock Transfer & Trust Company, the Company’s transfer agent, in order to separate the Units into Class
A Ordinary Shares and Rights.
Filed exhibits (1)
Exhibit 99.1 Pinnacle Acquisition Corporation Announces the Separate Trading of its Class A Ordinary Shares and Rights, Commencing September 25, 2026 Palm Beach, FL, Sept. 25, 2026 (GLOBE NEWSWIRE) -- Pinnacle Acquisition Corporation (NYSE: PNAQ. U) (the “Company”) announced today that, commencing September 25, 2026, holders of the units sold in the Company’s initial public offering may elect to separately trade the Company’s Class A ordinary shares and rights included in the units. The Class A ordinary shares and rights that are separated will trade on the New York Stock Exchange under the symbols “PNAQ” and “PNAQ. RT,” respectively. Those units not separated will continue to trade on the New York Stock Exchange under the symbol “PNAQ. U.” “We believe our team’s experience building and scaling public-market platforms, executing strategic M&A and working across commercial and consumer finance positions us well to identify an exceptional company and help accelerate its next stage of growth,” said Steve Hudson, Co-founder, Chief Executive Officer and Chairman of Pinnacle Acquisition Corporation. This press release shall not constitute an offer to sell or the solicitation of an of…
Open exhibit ↗