Ogier’s Cayman team advises Pinnacle Acquisition Corporation on US$200 million NYSE IPO

Ogier's Equity Capital Markets specialists in the Cayman Islands have advised Pinnacle Acquisition Corporation on its US$200 million NYSE IPO. 

The SPAC's offering comprised 20 million units priced at US $10 per unit, raising gross proceeds of US$200 million.  

The units began trading on NYSE on 7 August 2026 under the ticker symbol "PNAQ.U". Each unit consists of one Class A ordinary share and one right to receive one-eighth of one Class A ordinary share upon completion of an initial business combination.  

Pinnacle may pursue a business combination in any business or industry. It intends to focus on businesses with growth platforms, strong management teams and opportunities to drive value creation. This may include further accretive acquisitions or capital structure optimisation that can benefit from the business expertise of its chief executive officer and chairman, Steven K. Hudson, and its chief financial officer, Jack Schneider. 

The Ogier team was led by partner Natalie Bell, with support from partner Bradley Kruger, lead partner of Ogier's corporate team in the Cayman Islands, senior associate Ali Pasley and associate Kimberly Ebanks. 

Ogier is one of the leading Cayman Islands advisers in the SPAC market and regularly supports clients across the full SPAC lifecycle, from IPO through to de-SPAC. Contact our specialists to find out more.