Monitor for the underwriters' over-allotment exercise decision; any forfeiture of up to 750,000 Class B shares would reduce potential insider dilution post-business combination. Otherwise, these filings are administrative and do not change the near-term outlook for the SPAC.
Price Chart
Executive Summary
Two Forms 3 filed for insiders Andrew Rechtschaffen and Harry Brandler of blank-check company Pinnacle Acquisition Corp (PNAQ), disclosing their initial beneficial ownership as of the IPO effective date. Rechtschaffen reports 5,750,000 Class A shares (convertible from Class B ordinary shares held by sponsor PAC Sponsor, LLC), while Brandler discloses an indirect pecuniary interest in Class B shares via his interest in PAC Sponsor, LLC. These are routine initial ownership filings that do not alter the known capital structure but confirm sponsor and insider alignment ahead of the de-SPAC process.
Key Facts
- Andrew Rechtschaffen reports 5,750,000 Class B ordinary shares, convertible to Class A on a 1-for-1 basis at initial business combination or earlier, held by PAC Sponsor, LLC.
- Up to 750,000 of the Class B ordinary shares are subject to forfeiture if underwriters' over-allotment option is not fully exercised.
- Steven K. Hudson and AVR Capital Holdings, LLC (affiliate of Rechtschaffen) are co-managing members of the Sponsor with voting and investment discretion over the securities.
- Harry Brandler discloses an indirect pecuniary interest in the Issuer's Class B ordinary shares through his interest in PAC Sponsor, LLC, but does not have voting or dispositive control.
- These are initial beneficial ownership statements (Form 3) filed on the effective date of the IPO (File No. 333-297618).
Financial Impact
No financial impact; routine initial ownership filings with no transaction or monetary amounts disclosed.
Risk Factors
- Forfeiture risk: 750,000 Class B shares may be returned if over-allotment not exercised, potentially lowering insider stake but not affecting public shareholders.
- No business combination partner identified yet — typical SPAC execution risk applies.
Documents Analyzed
This report is based on 12 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 3 Filing (PNAQ) — Batch item 1 | 0001213900-26-086351 |
| Document: 0001213900-26-086351-index.html | 0001213900-26-086352 |
| Document: 0001213900-26-086351.txt | 0001213900-26-086352 |
| 3 Filing (PNAQ) — Batch item 4 | 0001213900-26-086352 |
| Document: 0001213900-26-086352-index.html | 0001213900-26-086351 |
| Document: 0001213900-26-086352.txt | 0001213900-26-086351 |
| 3 Filing (PNAQ) — Batch item 7 | 0001213900-26-086352 |
| Document: 0001213900-26-086352-index.html | 0001213900-26-086351 |
| Document: 0001213900-26-086352.txt | 0001213900-26-086351 |
| 3 Filing (PNAQ) — Batch item 10 | 0001213900-26-086351 |
| Document: 0001213900-26-086351-index.html | 0001213900-26-086351 |
| Document: 0001213900-26-086351.txt | 0001213900-26-086351 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 25, 2026 4w ago | 8-K | $9.95 $9.78 | ▼ −1.71% | ▼ −0.23% | $9.78 (−1.71%) |
Sep 23, 2026 4w ago | SC 13D/A | — | awaiting T+20 | — | — |
Sep 23, 2026 4w ago | SC 13D/A | — | awaiting T+20 | — | — |
Sep 23, 2026 4w ago | SC 13D/A | — | awaiting T+20 | — | — |
Aug 12, 2026 10w ago | Insider Cluster | — | awaiting T+20 | — | — |
Aug 10, 2026 11w ago | 8-K | — | awaiting T+20 | — | — |
Aug 7, 2026 11w ago | EFFECT | — | awaiting T+20 | — | — |
Aug 6, 2026 11w ago | 3 | — | awaiting T+20 | — | — |
US Market Status
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