PAC Sponsor, LLC bought PNAQ
August 10, 2026 · Form 4 insider transaction
PAC Sponsor, LLC bought 225,000 shares of PNAQ at $10.00 per share, a transaction worth $2.25M. The trade was recorded as open-market purchase and disclosed on an SEC Form 4, filed 2 days after the transaction.
Footnotes
Represents shares underlying the private placement units (each unit consisting of one Class A ordinary share one right to receive one-eighth (1/8) of one Class A ordinary share upon consummation of the Issuer's initial business combination) directly held by PAC Sponsor, LLC (the "Sponsor"), and which were acquired pursuant to a Private Placement Units Purchase Agreement by and between the Sponsor and Pinnacle Acquisition Corporation (the "Issuer"). Does not include previously reported ownership of 5,750,000 Class B ordinary shares, which shares will automatically convert into Class A ordinary shares at the time of the Issuer's initial business combination, or earlier at the option of the holder, on a one-for-one basis, subject to adjustment as described under the heading "Description of Securities--Founder Shares" in the Issuer's registration statement on Form S-1 (File No. 333-297618).