Pinnacle Acquisition (PNAQ.U) allowed holders to separate its IPO units for share and rights trading from September 25, 2026.
Separated Class A ordinary shares trade on the New York Stock Exchange under PNAQ, and separated rights trade under PNAQ.RT. Units that holders do not separate continue to trade there under PNAQ.U.
Pinnacle Acquisition Corporation (NYSE: PNAQ.U) closed its initial public offering of 20,000,000 units at $10.00 per unit, generating $200,000,000 in gross proceeds. The units began trading on the NYSE on August 7, 2026 under the ticker PNAQ.U.
Each unit consists of one Class A ordinary share and one right, with each right entitling its holder to receive one-eighth (1/8) of one Class A share upon consummation of an initial business combination. The Class A shares and rights are expected to trade separately no later than the 52nd day after the closing date and, once separated, are expected to list on the NYSE under the symbols PNAQ (shares) and PNAQ.RT (rights). Santander and CIBC Capital Markets acted as joint book‑running managers, and the company granted underwriters a 45‑day option to purchase up to an additional 3,000,000 units at the IPO price to cover any over‑allotments.
Pinnacle Acquisition Corporation (NYSE: PNAQ.U) has priced its initial public offering of 20,000,000 units at $10.00 per unit, for a total offering size of $200 million. The units are expected to begin trading on the NYSE under the ticker symbol “PNAQ.U” on August 7, 2026.
Each unit comprises one Class A ordinary share and one right to receive 1/8 of a Class A ordinary share upon completion of an initial business combination. According to Pinnacle Acquisition Corporation, the Class A shares and rights are expected to trade separately no later than the 52nd day from pricing, under symbols “PNAQ” and “PNAQ.RT”, respectively. Santander and CIBC Capital Markets are joint book-running managers. The company granted underwriters a 45-day option to purchase up to 3,000,000 additional units at the IPO price to cover over-allotments. The offering is expected to close on August 10, 2026, subject to customary conditions.