Pinnacle Acquisition Corp Form SCHEDULE 13D/A — Sep 23, 2026
PAC Sponsor, LLC filed Amendment No. 1 to its Schedule 13D on Pinnacle Acquisition Corp, reporting beneficial ownership of 5,225,000 Class A Ordinary Shares, or 20.71% of the class. On September 21, 2026, the sponsor surrendered 750,000 Class B Ordinary Shares for no consideration, which were cancelled under the Founder Share Purchase Agreement because the underwriters did not exercise their over-allotment option. The amendment is routine SPAC share-structure housekeeping; the sponsor is controlled by CEO Steven K.
Key figures
- Percent Owned
- 20.71%
- Shares Surrendered
- 750000
- Total Shares Outstanding
- 25225000
- Shares Beneficially Owned
- 5225000
- Class AShares Outstanding
- 20225000
- Class BShares Outstanding
- 5000000
- Consideration For Surrender
- none
AI analysis
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