PNAQ: RECHTSCHAFFEN ANDREW discloses securities transactions
By AlphaYouPublished Form 4
RECHTSCHAFFEN ANDREW
Reporting filer
RECHTSCHAFFEN ANDREW reported Other (see filing) in Pinnacle Acquisition Corp: 750000 units of Class B Ordinary Shares (derivative), dated 2026-09-21. The full Form 4 contains 1 transaction entry.
- Disclosed
- Sep 23, 2026
Reported details
1 entry| Security | Owner | Date | Code | Action | Quantity | Price | Following holdings | Reporting delay | Filed terms and references |
|---|---|---|---|---|---|---|---|---|---|
| Class B Ordinary Shares (derivative) | RECHTSCHAFFEN ANDREW | 2026-09-21 | J | Other (see filing) | 750000 | Not stated (see footnotes) | 5,000,000 | 2 days | Filed terms
|
Class B Ordinary Shares (derivative)
- Owner
- RECHTSCHAFFEN ANDREW
- Date
- 2026-09-21
- Code
- J
- Action
- Other (see filing)
- Quantity
- 750000
- Price
- Not stated (see footnotes)
- Following holdings
- 5,000,000
- Reporting delay
- 2 days
- Filed terms and references
Filed terms
- security Title: Class B Ordinary Shares
- id: F1
- transaction Date: 2026-09-21
- deemed Execution Date:
- transaction Form Type: 4
- transaction Code: J
- equity Swap Involved: 0
- id: F2
- transaction Timeliness:
- transaction Shares: 750000
- id: F2
- id: F2
- transaction Acquired Disposed Code: D
- id: F1
- id: F1
- underlying Security Title: Class A Ordinary Shares
- underlying Security Shares: 750000
- shares Owned Following Transaction: 5000000
- direct Or Indirect Ownership: I
- id: F3
- nature Of Ownership: By PAC Sponsor, LLC
Purchases, sales, grants and option exercises are different transactions. The reported code identifies the action; it does not establish a motive.
Filing context
- Quantities and prices are shown in the units filed. No trade value is inferred from their product.
- RECHTSCHAFFEN ANDREW: Director, 10% owner.
- F1: As described in the Registration Statement on Form S-1 (File No. 333-297618) of Pinnacle Acquisition Corporation (the "Issuer") under the heading "Description of Securities--Founder Shares," the Class B ordinary shares will automatically convert into Class A ordinary shares at the time of the Issuer's initial business combination, or at any time prior to the Issuer's initial business combination, at the option of the holder, on a one-for-one basis, subject to certain adjustments. The Class B ordinary shares have no expiration date.
- F2: As contemplated in connection with the initial public offering of the Issuer, as a result of the underwriters' choice of not to exercise of the over-allotment option, 750,000 Class B Ordinary Shares were surrendered by PAC Sponsor, LLC (the "Sponsor") to the Issuer for no consideration.
- F3: Represents shares held by the Sponsor. Steven K. Hudson and AVR Capital Holdings, LLC, an affiliate of Andrew Rechtschaffen, are the co-managing members of the Sponsor and control the management of the Sponsor, including the exercise of voting and investment discretion over the securities held by the Sponsor.
Original sources
Prepared automatically from public filing data. Report a correction.