Pinnacle Acquisition CFO discloses indirect share interest
Pinnacle Acquisition Corp officer Jack Steven Schneider, the Chief Financial Officer, filed an initial ownership report.
Rhea-AI Filing Summary
Pinnacle Acquisition Corp officer Jack Steven Schneider, the Chief Financial Officer, filed an initial ownership report. The filing states he has an indirect pecuniary interest in the company’s Class B ordinary shares through PAC Sponsor, LLC, but he does not have voting or dispositive control over those shares. No specific share transactions or holdings are detailed in this report.
Positive
- None.
Negative
- None.
Key Terms
indirect pecuniary interest, Class B ordinary shares, voting or dispositive control
3 terms
indirect pecuniary interest financial
"The Reporting Person has an indirect pecuniary interest in the Class B ordinary shares"
voting or dispositive control financial
"over which the Reporting Person does not have voting or dispositive control"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What does the Form 3 filed by Pinnacle Acquisition Corp (PNAQ) CFO report?
The Form 3 reports that CFO Jack Steven Schneider has an indirect pecuniary interest in Pinnacle Acquisition Corp’s Class B ordinary shares via PAC Sponsor, LLC, but without voting or dispositive control over those shares.
Why is this Form 3 important for Pinnacle Acquisition Corp (PNAQ) investors?
It provides initial disclosure of the CFO’s indirect economic interest in Pinnacle Acquisition Corp via PAC Sponsor, LLC, clarifying that he benefits economically from certain Class B shares but lacks voting and dispositive control over them.
AI-generated analysis. How Rhea-AI works. Not financial advice.