[SCHEDULE 13G] Pinnacle Food Group Limited SEC Filing
Rhea-AI Filing Summary
Li Xia Du reported beneficial ownership of 1,695,000 Class B Common Shares of Pinnacle Food Group Limited. Those shares, if converted into Class A Common Shares, represent 14.49% of the outstanding Class A shares on an as-converted basis. On an unconverted basis, the filing states the reporting person owns 22.03% of the outstanding Class B shares. The filing also discloses that the 1,695,000 Class B shares are held directly and that the reporting person has sole voting and sole dispositive power over those shares. The issuer’s capital structure includes Class A shares (one vote each) and Class B shares (five votes each), and the percent calculations are based on a total of 11,700,000 outstanding common shares on an as-converted basis.
Positive
- Substantial ownership stake: 1,695,000 Class B shares representing 14.49% of Class A on an as-converted basis and 22.03% of Class B unconverted.
- Sole voting and dispositive power: The reporting person holds exclusive control over voting and disposition of the reported shares, indicating clear, singular authority.
Negative
- None.
Insights
Significant insider stake implies concentrated ownership and potential influence over corporate decisions.
The report indicates a materially large ownership position by an individual with sole voting and dispositive power over 1,695,000 Class B shares. On an as-converted basis this equals 14.49% of Class A shares, while on an unconverted basis it equals 22.03% of Class B shares, reflecting meaningful control potential given the 5-vote-per-Class B share structure. For investors, this concentration suggests that corporate governance and strategic outcomes may be materially influenced by the reporting person.
High-vote Class B ownership and sole control raise governance and voting-power considerations for minority holders.
The filing highlights that Class B shares carry five votes each and the reporting person holds sole voting power for 1,695,000 such shares. This asymmetry between share classes means the holder can exert disproportionate influence relative to economic ownership. Stakeholders should note the conversion mechanics are holder-opted and that reported percentages are presented both on converted and unconverted bases, clarifying voting versus economic exposure.