Pinnacle Acquisition CorpPNAQ
Cash in trust
$202M
$202,250,000
Trust per share
—
Redemption value
IPO
Aug 2026
—
Combination deadline
Aug 10, 2026
Deadline passed
Filings on record
34
Latest Sep 25, 2026
Overview
Pinnacle Acquisition Corp is a special purpose acquisition company incorporated in Cayman Islands and registered with the SEC under CIK 0002123955. It completed its initial public offering in Aug 2026 and listing on NYSE. Class A shares trade under the ticker PNAQ, units under PNAQ-UN on NYSE. The vehicle is sponsored by PAC through PAC Sponsor, LLC. The mandate targets generalist. IPO closed, trust funded, no definitive agreement announced.
“We intend to focus our efforts on businesses with growth platforms, strong management teams, and opportunities to drive value creation such as the ability to pursue further accretive acquisitions or capital structure optimization.”
Reading the filings
Arithmetic on what Pinnacle Acquisition Corp has disclosed, written the way a desk would read it. These are observations, not a rating. Nothing here scores the vehicle or implies a view on it.
Time on the clock
The stated combination deadline of Aug 10, 2026 has passed without a closing in our filing record. Either an extension was approved that we have not yet indexed, or the vehicle is in wind-down. Check the latest proxy statement.
Rights, not warrants
Each unit carried one right per unit, convertible into one-eighth (1/8) of a share. A right converts automatically on closing rather than needing to be exercised at a strike, so it is dilution that arrives whatever the share price does — unlike a warrant, which only bites if the stock works. For a holder redeeming at the trust it is worth nothing either way; for one staying in, it is a certain claim rather than an option.
Sponsor record
PAC has launched 2 vehicles, none of which has resolved yet, so there is no completion record to read.
Underwriting
CIBC led the offering. It has been named on 1 SPAC IPOs, book-running 1 of them. The syndicate has no control over whether a sponsor finds a target, but the quality of the book at pricing shapes who ends up holding the units.
From listing to the date Pinnacle Acquisition Corp must close a deal, extend again, or return the trust. The marker is today.
Filings per month since the first one. A vehicle that has gone quiet with a deadline ahead is a different proposition from one that is still working.
34 filings in all. 33 in the last three months, against a busiest month of 24.
Scores
Recomputed 21m agoThree readings of Pinnacle Acquisition Corp, each an unweighted mean of the components shown beneath it, and each component a percentile against every live SPAC rather than an absolute we invented. They describe the setup, not the merit. How they are built
FOMO
ElevatedHow much attention is this vehicle attracting right now?
63/100
- Filing activity87
7 in 30 days
- News coverage52
2 stories in 30 days
- News tone50
neutral
Attention is not quality. FOMO rises on news volume and on the market paying above trust, both of which have preceded plenty of disappointments.
Potential
ModerateHow likely is this vehicle to complete a combination, and at what scale?
41/100
- Lead bank record56
66.7%
- Bank franchise13
19 SPAC mandates
- Trust scale57
$202M
- Stage40
searching
Potential is about execution, not about the target. It says nothing about whether the eventual deal is worth owning, because the target is usually unknown when the score is computed.
These are derived measures, not ratings of investment merit. They carry no view on the target, no price target and no recommendation, and a high score is not a reason to buy anything.
News on Pinnacle Acquisition Corp
Last 90 daysSEC filing history
Free tier: filings older than 24 hours- 8-K
Other events
Items 8.01, 9.01 · Accession 0001213900-26-103368
- SCHEDULE 13D/A
SCHEDULE 13D/A filing
Accession 0001213900-26-102694
- SCHEDULE 13D/A
SCHEDULE 13D/A filing
Accession 0001213900-26-102692
- SCHEDULE 13D/A
SCHEDULE 13D/A filing
Accession 0001213900-26-102693
- 4
Statement of changes in beneficial ownership
Accession 0001213900-26-102651
- 4
Statement of changes in beneficial ownership
Accession 0001213900-26-102649
- 4
Statement of changes in beneficial ownership
Accession 0001213900-26-102647
- 10-Q
Quarterly report
Accession 0001213900-26-101046
- SCHEDULE 13D
Beneficial ownership report (activist)
Accession 0001213900-26-090917
- SCHEDULE 13D
Beneficial ownership report (activist)
Accession 0001213900-26-090916
- SCHEDULE 13D
Beneficial ownership report (activist)
Accession 0001213900-26-090915
- 8-K
Entry into a material definitive agreement; Other events
Items 1.01, 8.01, 9.01 · Accession 0001213900-26-090210
- SCHEDULE 13G
Beneficial ownership report (passive)
Accession 0001193125-26-352014
- 4
Statement of changes in beneficial ownership
Accession 0001213900-26-088546
- 4
Statement of changes in beneficial ownership
Accession 0001213900-26-088545
- 4
Statement of changes in beneficial ownership
Accession 0001213900-26-088544
- 4
Statement of changes in beneficial ownership
Accession 0001213900-26-088543
- 4
Statement of changes in beneficial ownership
Accession 0001213900-26-088542
- 4
Statement of changes in beneficial ownership
Accession 0001213900-26-088541
- 8-K
Entry into a material definitive agreement; Other events
Items 1.01, 3.02, 5.02, 5.03, 8.01, 9.01 · Accession 0001213900-26-087287
- 424B4
Final IPO prospectus
Accession 0001213900-26-086694
- EFFECT
Notice of effectiveness
Accession 9999999995-26-002568
- 3
Initial statement of beneficial ownership
Accession 0001213900-26-086355
- 3
Initial statement of beneficial ownership
Accession 0001213900-26-086354
- 3
Initial statement of beneficial ownership
Accession 0001213900-26-086353
- 3
Initial statement of beneficial ownership
Accession 0001213900-26-086352
- 3
Initial statement of beneficial ownership
Accession 0001213900-26-086351
- 3
Initial statement of beneficial ownership
Accession 0001213900-26-086349
- 3
Initial statement of beneficial ownership
Accession 0001213900-26-086348
- CERT
Exchange listing certification
Accession 0000876661-26-000662
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Pinnacle Acquisition Corp: questions answered
What is Pinnacle Acquisition Corp (PNAQ)?
Pinnacle Acquisition Corp is a special purpose acquisition company incorporated in Cayman Islands and registered with the SEC under CIK 0002123955. It completed its initial public offering in Aug 2026 and listing on NYSE. Class A shares trade under the ticker PNAQ, units under PNAQ-UN on NYSE. The vehicle is sponsored by PAC through PAC Sponsor, LLC. The mandate targets generalist. IPO closed, trust funded, no definitive agreement announced.
How much does Pinnacle Acquisition Corp hold in trust?
Approximately $202,250,000, as at the most recent filing on record. Trust balances move: shareholders redeem at extension votes and at the combination vote, and sponsors pay contributions in to extend. Treat the figure as a point-in-time disclosure, not a running balance.
When must Pinnacle Acquisition Corp complete a merger?
By Aug 10, 2026. If no combination closes by then the sponsor must seek a further extension or wind the vehicle up and return the trust.
What happens if Pinnacle Acquisition Corp does not find a target in time?
The charter requires the vehicle to redeem 100% of the public shares and return the trust, pro rata, to public shareholders. That is the mechanism working as designed rather than a default. Founder shares and warrants are worthless in that outcome, which is why the sponsor's incentive is to get a deal done or to buy more time. Across the market, deadline lapsed without a deal; trust returned to public shareholders.
Can I redeem shares in Pinnacle Acquisition Corp, and at what price?
Public shareholders may elect to redeem in connection with a combination vote and at each extension vote, at the pro-rata trust value on the relevant record date. Redemption is a right attached to the public shares only; warrants and rights carry no claim on the trust. The mechanics and the deadline for electing are set out in the proxy statement for the vote in question.
What tickers does Pinnacle Acquisition Corp trade under?
Class A shares trade as PNAQ on NYSE, the units as PNAQ-UN. Units trade first and separate into their component securities roughly 52 days after the IPO; only the Class A shares carry the redemption right against the trust.
Is the trust value the same as the share price for Pinnacle Acquisition Corp?
No. Trust per share is a disclosed, contractual figure: what a redeeming holder receives. The market price is whatever the shares change hands at, which can sit above the trust when a deal is well received or below it when the market doubts one will close. We do not have a current quote for this vehicle, so no spread is shown.
How much dilution do Pinnacle Acquisition Corp's founder shares and warrants create?
Both are disclosed in the prospectus and both survive into the combined company, which is why a de-SPAC at $10 is not economically the same as an IPO at $10.
Who sponsors Pinnacle Acquisition Corp, and what is their track record?
PAC Sponsor, LLC is the sponsor entity, part of the PAC franchise. That franchise has launched 2 vehicles in total, none of which has resolved yet. Named principals: Steven K. Hudson.
Which banks underwrote the Pinnacle Acquisition Corp IPO?
CIBC, Santander. CIBC and Santander were credited as book-running managers on the cover. Syndicate membership and role are read from the prospectus cover and the underwriting section.
Is Pinnacle Acquisition Corp tradeable, and where?
Yes. PNAQ returned a live quote of $9.81 on NYSE. Quotes here are delayed and refreshed on a schedule rather than streamed, so treat the figure as indicative and confirm on your own venue. Units and warrants trade under their own symbols and are quoted separately.
Is Pinnacle Acquisition Corp a good investment?
That is not a question this site answers. Pinnacle Acquisition Corp is covered here as reference data: what the company filed, when it filed it, and what the numbers in those filings say. The Edge, FOMO and Potential scores on this page are derived measures with a published formula, not ratings of investment merit: they describe the setup, and every component is shown so you can take them apart. We publish no price targets and no recommendations, and nothing here should be read as advice. The figures are a starting point for your own work, and each one carries the accession number of the filing it came from.
Where does this Pinnacle Acquisition Corp data come from?
Filings Pinnacle Acquisition Corp submitted to the SEC under CIK 0002123955: the registration statement and final prospectus for the structure, quarterly and annual reports for the trust, current reports and proxy statements for deals, votes and extensions. Trust economics are taken from the registrant's own XBRL tags rather than parsed from prose, which is why they are exact. Every filing in the history above is listed with its accession number, which identifies the document uniquely on EDGAR; Pro accounts open it directly from the row.
Compiled by the SPACListing research desk
Last reconciled Oct 19, 2026
Every figure on this page is read from documents the registrants filed with the U.S. Securities and Exchange Commission, principally the IPO prospectus (Form 424B4), quarterly and annual reports, current reports and proxy statements, the registrant's own XBRL tags for trust economics. Nothing is sourced from press coverage, from the companies themselves, or from a third-party aggregator. Where a filing does not disclose something, the field is left blank rather than estimated.
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Continue reading
The context around this vehicle: who else the sponsor has launched, which banks priced it, and where it sits in the wider market.
PAC: the full record
Every vehicle this sponsor has launched, what closed, what liquidated and what is still live.
CIBC in SPACs
Mandates, bookrun credit, deal volume and the outcome of the vehicles it priced.
Generalist SPACs
Every vehicle chasing the same mandate, ranked by cash in trust.
All spacs searching for a target
IPO closed, trust funded, no definitive agreement announced.
Deadline calendar
Which sponsors are running out of time, and when the extension votes land.
What is a SPAC?
The structure, the economics and where the risks actually sit.
SPAC glossary
Every term in a blank-check filing, defined the way practitioners use it.
How this data is built
Coverage universe, ingestion, normalisation, lifecycle classification and known limits.