Pinnacle Acquisition Corp (PNAQ) director purchases 10,000 Class A IPO shares
Rhea-AI Filing Summary
Pinnacle Acquisition Corp director Harry Brandler purchased 10,000 Class A Ordinary Shares on 2026-08-10 at $10.00 per share. The transaction was a direct ownership purchase and brought his reported Class A holdings to 10,000 shares. A footnote states this reflects a purchase in the company’s initial public offering.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 10,000 shares
Net Buy
1 txn
Insider
Brandler Harry
Role
Director
Bought
10,000 shs ($100K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Class A Ordinary Shares F1 | 10,000 | $10.00 | $100K |
Holdings After Transaction:
Class A Ordinary Shares — 10,000 shares (Direct)
Footnotes (1)
- F1. Reflects purchase of the Issuer's securities in the Issuer's initial public offering.
Key Figures
Shares purchased: 10,000 shares
Purchase price: $10.00 per share
Shares owned after transaction: 10,000 shares
3 metrics
Shares purchased
10,000 shares
Class A Ordinary Shares acquired on 2026-08-10
Purchase price
$10.00 per share
Price paid for Class A Ordinary Shares
Shares owned after transaction
10,000 shares
Directly owned Class A Ordinary Shares following the purchase
Key Terms
initial public offering, Class A Ordinary Shares, open market or private transaction
3 terms
initial public offering financial
"Reflects purchase of the Issuer's securities in the Issuer's initial public offering."
An initial public offering (IPO) is when a private company first sells its shares to the public and becomes a stock-listed company. It matters because it allows the company to raise money from a wide range of investors, helping it grow, while giving early shareholders a way to sell some of their ownership.
open market or private transaction financial
"transaction_code_description: Purchase in open market or private transaction"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What did Pinnacle Acquisition Corp (PNAQ) director Harry Brandler report in this Form 4?
Harry Brandler reported a purchase of 10,000 Class A Ordinary Shares of Pinnacle Acquisition Corp on 2026-08-10 at $10.00 per share, held as direct ownership after the transaction.
Does the Form 4 for PNAQ indicate any sales or option exercises by Harry Brandler?
No. The Form 4 reports only one purchase transaction of 10,000 Class A Ordinary Shares at $10.00 per share and shows no sales, gifts, or derivative exercises in this filing.