Pinnacle Acquisition Corporation (NYSE:PNAQ.U) announced the pricing of its $200 million IPO and its units are expected to begin trading on the NYSE under the symbol “PNAQ.U” on Friday, August 7, 2026.
The new SPAC aims to combine with a target company that has a strong management team and opportunities to drive value creation through M&A or capital structure optimization.
Pinnacle Acquisition Corporation is to be led by Chief Executive Officer and Chairman Steven K. Hudson alongside Chief Financial Officer Jack Schneider. Paul Stoyan, Karen Martin, Andrew Rechtschaffen, and Harry Brandler will serve on its Board of Directors.
Total SPAC deal count for 2026 year-to-date is now 139. This offering is expected to close on Monday, August 10, 2026.
Santander and CIBC Capital Markets are acting as joint book running managers for the offering. Ellenoff Grossman & Schole LLP is serving as Issuer’s Counsel with Skadden Arps Slate Meagher & Flom LLP serving as Underwriter’s Counsel. WithumSmith+Brown, PC serves as auditor. Continental Stock Transfer & trust Company is acting as trustee.
