Pinnacle Acquisition director files initial ownership
Pinnacle Acquisition Corp reported that Stoyan Paul J., a director of the company, filed an initial ownership statement.
Rhea-AI Filing Summary
Pinnacle Acquisition Corp reported that Stoyan Paul J., a director of the company, filed an initial ownership statement. The filing notes that he has an indirect pecuniary interest in Pinnacle Acquisition Corp’s Class B ordinary shares through his interest in PAC Sponsor, LLC. The disclosure also states that he does not have voting or dispositive control over these shares.
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 regulatory
"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 PNAQ Form 3 filed by Stoyan Paul J. disclose?
The Form 3 shows that director Stoyan Paul J. has an indirect pecuniary interest in Class B ordinary shares of Pinnacle Acquisition Corp through PAC Sponsor, LLC, but he does not control voting or dispositions of those shares.
What role does PAC Sponsor, LLC play in the PNAQ Form 3?
PAC Sponsor, LLC is the entity through which Stoyan Paul J. has an indirect pecuniary interest in Pinnacle Acquisition Corp’s Class B ordinary shares. The filing clarifies he lacks voting and dispositive control over those shares.
AI-generated analysis. How Rhea-AI works. Not financial advice.