Pinnacle Acquisition, a blank check company targeting commercial and consumer finance businesses, filed on Wednesday with the SEC to raise up to $200 million in an initial public offering.
The company plans to raise $200 million by offering 20 million units at $10. Each unit consists of one share of common stock, and one right to receive one-eighth of one share at the time of the business combination.
Pinnacle Acquisition is led by CEO and Chairman Steven Hudson, the former CEO of ECN Capital. He is joined by CFO Jack Schneider, the COO and CFO of Pinnacle Advisory. The SPAC intends to target commercial finance, consumer finance, and ancillary opportunities in financial services ecosystem.
The Palm Beach, FL-based company was founded in 2026. It plans to list on the NYSE under the symbol PNAQ.U. Pinnacle Acquisition filed confidentially on June 30, 2026. Santander and CIBC World Markets are the joint bookrunners on the deal.
