Pinnacle Acquisition Completes 200M Initial Public Offering

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Pinnacle Acquisition Corporation Completes 200 Million Dollar Initial Public Offering

Palm Beach, FL, USA - Pinnacle Acquisition Corporation announced the closing of its initial public offering of 20,000,000 units at a price of $10.00 per unit, generating gross proceeds of $200,000,000. The units began trading on the New York Stock Exchange under the ticker symbol PNAQ.U.

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Pinnacle Acquisition Corporation is a blank check company incorporated as a Cayman Islands exempted company and incorporated for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses, which we refer to throughout this prospectus as our initial business combination. We have not selected any business combination target and we have not, nor has anyone on our behalf, initiated any substantive discussions, directly or indirectly, with any business combination target. Our efforts to identify a prospective initial business combination target will not be limited to a particular business, industry, sector or geographic region.

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