RECHTSCHAFFEN ANDREW sold PNAQ
September 21, 2026 · Form 4 insider transaction
RECHTSCHAFFEN ANDREW sold 750,000 shares of Pinnacle Acquisition Corporation, a transaction worth N/A. The trade was recorded as j and disclosed on an SEC Form 4, filed 2 days after the transaction.
Footnotes
As described in the Registration Statement on Form S-1 (File No. 333-297618) of Pinnacle Acquisition Corporation (the "Issuer") under the heading "Description of Securities--Founder Shares," the Class B ordinary shares will automatically convert into Class A ordinary shares at the time of the Issuer's initial business combination, or at any time prior to the Issuer's initial business combination, at the option of the holder, on a one-for-one basis, subject to certain adjustments. The Class B ordinary shares have no expiration date.; As contemplated in connection with the initial public offering of the Issuer, as a result of the underwriters' choice of not to exercise of the over-allotment option, 750,000 Class B Ordinary Shares were surrendered by PAC Sponsor, LLC (the "Sponsor") to the Issuer for no consideration.; Represents shares held by the Sponsor. Steven K. Hudson and AVR Capital Holdings, LLC, an affiliate of Andrew Rechtschaffen, are the co-managing members of the Sponsor and control the management of the Sponsor, including the exercise of voting and investment discretion over the securities held by the Sponsor.