# Pinnacle Acquisition Corp — spac/ipo [completed]
Source: SEC API (secapi.ai) · situation sit_8069aa2b1abfdbed0a58 · retrieved 2026-08-12T06:59:55.932Z

## Overview
Pinnacle Acquisition Corporation is a blank-check company (SPAC) incorporated in the Cayman Islands that was formed to identify and complete an initial business combination with an unspecified operating company.

Pinnacle Acquisition Corporation, a Cayman Islands exempted company, consummated its initial public offering on August 6, 2026, issuing 20,000,000 units at $10.00 per unit for gross proceeds of $200,000,000. Each unit consists of one Class A ordinary share and one right to receive one-eighth of one Class A ordinary share upon consummation of an initial business combination. The underwriters were granted an option to purchase up to 3,000,000 additional units within 45 days from August 6, 2026 to cover over-allotments. Simultaneously, the Sponsor purchased 225,000 private placement units at $10.00 per unit for $2,250,000 in aggregate.

## Terms
- Counterparty: Santander US Capital Markets LLC (underwriter representative) · Deal value: $200.0M · Consideration: cash · Price/share: $10

## Key dates
- Expiry 2026-09-20 · Completed 2026-08-07

## Timeline
- 2026-08-07 · 424B4 (0001213900-26-086694): 424B4 - Pinnacle Acquisition Corp — *Pinnacle Acquisition Corporation is a blank check company formed to effect a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses, with a focus on commercial finance, consumer finance and ancillary financial services opportunities.* Pinnacle Acquisition Corporation, a Cayman Islands blank check company, is conducting an initial public offering of 20,000,000 units at $10.00 per unit, raising $200,000,000 in gross proceeds. Each unit consists of one Class A ordinary share and one right to receive one-eighth of one Class A ordinary share upon consummation of an initial business combination. The underwriters have a 45-day option to purchase up to an additional 3,000,000 units to cover over-allotments. The company has not yet identified or initiated substantive discussions with any business combination target.
  https://www.sec.gov/Archives/edgar/data/2123955/0001213900-26-086694.txt
- 2026-08-10 · 8-K (0001213900-26-087287): 8-K - Pinnacle Acquisition Corp — *Pinnacle Acquisition Corporation is a blank-check company (SPAC) incorporated in the Cayman Islands that was formed to identify and complete an initial business combination with an unspecified operating company.* Pinnacle Acquisition Corporation, a Cayman Islands exempted company, consummated its initial public offering on August 6, 2026, issuing 20,000,000 units at $10.00 per unit for gross proceeds of $200,000,000. Each unit consists of one Class A ordinary share and one right to receive one-eighth of one Class A ordinary share upon consummation of an initial business combination. The underwriters were granted an option to purchase up to 3,000,000 additional units within 45 days from August 6, 2026 to cover over-allotments. Simultaneously, the Sponsor purchased 225,000 private placement units at $10.00 per unit for $2,250,000 in aggregate.
  https://www.sec.gov/Archives/edgar/data/2123955/0001213900-26-087287.txt

## Citations
- 0001213900-26-086694 — https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&type=&dateb=&owner=include&count=40&search_text=000121390026086694
- 0001213900-26-087287 — https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&type=&dateb=&owner=include&count=40&search_text=000121390026087287