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.
Pinnacle Acquisition Corp director Martin Karen Lynne reported initial ownership status as an insider. The report states an indirect pecuniary interest in the company’s Class B ordinary shares through PAC Sponsor, LLC, while noting no voting or dispositive control over those shares.
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.
Pinnacle Acquisition Corp reported the initial equity holdings of director Harry Brandler on a Form 3. Brandler is described as having an indirect pecuniary interest in the issuer’s Class B ordinary shares through PAC Sponsor, LLC, but he does not have voting or dispositive control over those shares.
Pinnacle Acquisition Corp director and 10% owner Andrew Rechtschaffen reported indirect ownership of 5,750,000 Class B ordinary shares of the company. These shares are held by PAC Sponsor, LLC and will automatically convert into Class A ordinary shares on a one-for-one basis at the time of the company’s initial business combination, or earlier at the holder’s option, subject to adjustments. Up to 750,000 of these Class B shares are subject to forfeiture if the underwriters do not fully exercise their over-allotment option. The shares are controlled by the Sponsor, co-managed by Steven K. Hudson and AVR Capital Holdings, LLC, and they each disclaim beneficial ownership except to the extent of any pecuniary interest.
Pinnacle Acquisition Corp reports the initial equity position of Steven K. Hudson, its Chief Executive Officer, director, and a more-than-10% owner. An entity associated with him, PAC Sponsor, LLC, holds 5,759,500 Class B ordinary shares indirectly reported here, which are convertible into 5,759,500 Class A ordinary shares on a one-for-one basis in connection with the company’s initial business combination or earlier at the holder’s option, subject to adjustments. Up to 750,000 of these Class B shares are subject to forfeiture if the underwriters do not fully exercise their over-allotment option. The Class B shares have no expiration date. Hudson and AVR Capital Holdings, LLC co-manage the Sponsor and control voting and investment decisions for these securities, while each disclaims beneficial ownership beyond any pecuniary interest.
PAC Sponsor, LLC, a ten percent owner of Pinnacle Acquisition Corp, reports initial beneficial ownership of 5,750,000 Class B ordinary shares. These Class B shares automatically convert into Class A ordinary shares on a one-for-one basis in connection with, or prior to, the company’s initial business combination. The holding includes up to 750,000 shares subject to forfeiture if the IPO underwriters do not fully exercise their over-allotment option. The shares are held by the Sponsor, with management and investment discretion controlled by Steven K. Hudson and AVR Capital Holdings, LLC, who each disclaim beneficial ownership beyond any pecuniary interest.