Pinnacle Acquisition Corp Form 10-Q — Sep 17, 2026
Pinnacle Acquisition Corporation, a pre-deal Cayman Islands blank-check SPAC, filed its first Form 10-Q for the quarter ended June 30, 2026, reporting a net loss of $43,265 for the quarter and $57,127 since its March 16, 2026 inception, with no operations and no revenue generated. As of June 30, 2026 the company held no cash and carried an $88,859 working capital deficit, having been funded by a $25,000 sponsor contribution and an up-to-$300,000 IPO promissory note; total assets were only $72,676.
Key figures
- Cash Position
- 0
- Shares Outstanding
- 20,225,000 Class A and 5,750,000 Class B ordinary shares as of September 17, 2026
- Ipo units
- 20000000
- Total assets
- 72676
- Ipo gross proceeds
- 200000000
- Ipo price per unit
- 10
- Advisory fee percent
- 3.0% of public gross proceeds
- Combination deadline
- May 10, 2028
- Over allotment units
- 3000000
- Trust account amount
- 200000000
- Nyse delisting deadline
- August 7, 2029
- Total transaction costs
- 6093029
- Admin services fee monthly
- 10000
- Founder share contribution
- 25000
- Net loss inception to date
- 57127
- Total shareholders deficit
- 32127
- Cash underwriting commission
- 250000
- Insider public unit purchases
- 23050000
- Working capital deficit q2 end
- 88859
- Private placement gross proceeds
- 2250000
- Deferred underwriting fee payable
- 5325000
- Ipo promissory note outstanding q2 end
- 85571
AI analysis
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