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Pinnacle Acquisition director files initial ownership

Pinnacle Acquisition Corp reported that Stoyan Paul J., a director of the company, filed an initial ownership statement.

(Neutral)
(Neutral)
Form Type
3

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.
indirect pecuniary interest financial
"The Reporting Person has an indirect pecuniary interest in the Class B ordinary shares"
Class B ordinary shares financial
"indirect pecuniary interest in the Class B ordinary shares of the Issuer"
Class B ordinary shares are a type of ownership stake in a company that typically come with different voting rights or privileges compared to other share classes. For investors, they represent a way to hold part of the company’s value and influence its decisions, often with fewer voting rights than Class A shares. Understanding these shares helps investors assess their level of control and potential returns within a company.
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.

Does Stoyan Paul J. directly own PNAQ Class B ordinary shares?

The filing indicates only an indirect pecuniary interest in Class B ordinary shares via PAC Sponsor, LLC. It explicitly states he does not have voting or dispositive control over 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.

Is the PNAQ Form 3 reporting any insider share purchases or sales?

The Form 3 is an initial ownership report and shows no reported transactions such as purchases or sales. It focuses on disclosing an indirect interest in Class B ordinary shares through PAC Sponsor, LLC.

What control does Stoyan Paul J. have over the PNAQ shares referenced?

According to the disclosure, he has an indirect pecuniary interest in the Class B ordinary shares but does not have voting or dispositive control over those shares held via PAC Sponsor, LLC.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Learn about SEC filing dates
SEC Form 3
FORM 3UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0104
Estimated average burden
hours per response:0.5
1. Name and Address of Reporting Person*
Stoyan Paul J.

(Last)(First)(Middle)
C/O PINNACLE ACQUISITION CORPORATION
375 SOUTH COUNTY ROAD, SUITE 220

(Street)
PALM BEACH33480

(City)(State)(Zip)

ONTARIO, CANADA

(Country)
2. Date of Event Requiring Statement (Month/Day/Year)
08/06/2026
3. Issuer Name and Ticker or Trading Symbol
Pinnacle Acquisition Corp [ PNAQ ]
3a. Foreign Trading Symbol
5. If Amendment, Date of Original Filed (Month/Day/Year)
4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
Officer (give title below)Other (specify below)
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4) 2. Amount of Securities Beneficially Owned (Instr. 4) 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 4. Nature of Indirect Beneficial Ownership (Instr. 5)
Table II - Derivative Securities Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4) 2. Date Exercisable and Expiration Date (Month/Day/Year)3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) 4. Conversion or Exercise Price of Derivative Security 5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 6. Nature of Indirect Beneficial Ownership (Instr. 5)
Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
Remarks:
The Reporting Person has an indirect pecuniary interest in the Class B ordinary shares of the Issuer through the Reporting Person's interest in PAC Sponsor, LLC, over which the Reporting Person does not have voting or dispositive control.
No securities are beneficially owned.
/s/ Paul Stoyan08/06/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 3: SEC 1473 (03-26)

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