Pinnacle Acquisition (PNAQ) Director Martin Karen Lynne Buys 10,000 Shares

What Happened Martin Karen Lynne, a director of Pinnacle Acquisition Corp (PNAQ), acquired 10,000 shares on 2026-08-10 at $10.00 per share for a total transaction value of $100,000. The Form 4 reports this as a purchase (transaction code P), reflecting an acquisition of the issuer’s securities in the company’s initial public offering.

Key Details

• Transaction date: 2026-08-10; Purchase price: $10.00; Shares acquired: 10,000; Total value: $100,000.
• Footnote: F1 — Reflects purchase of the Issuer's securities in the Issuer's initial public offering.
• Shares owned after transaction: Not specified in the provided filing details.
• Filing date: 2026-08-12 (filed two days after the reported transaction), which appears to be within the typical 2-business-day Form 4 reporting window.

Context This was a direct purchase of IPO shares rather than a sale or option exercise. Purchases by insiders indicate acquisition rather than distribution of stock, but filings are factual records and do not explain the insider’s motivation.