Recent Updates — PNAQ

Pinnacle Acquisition Corporation consummated its initial public offering on August 6, 2026, selling 20,000,000 units at $10.00 per unit for gross proceeds of $200,000,000. Each unit comprises one Class A ordinary share and a right to receive one-eighth of a share upon business combination completion. The underwriters hold an option to purchase up to 3,000,000 additional units for over-allotments. Simultaneously, the company completed a private placement of 225,000 units to its sponsor for $2,250,000. Proceeds totaling $200,000,000 were deposited into a trust account. Directors Andrew Rechtschaffen, Karen Martin, Paul Stoyan, Harry Brandler, and Steven K. Hudson were appointed to the board. Pinnacle Acquisition Corporation is a blank check company formed to effect a merger or business combination with one or more businesses.