Pinnacle Prices $202M IPO; Pono Announces Merger

IPO Pricings

Pinnacle Acquisition Corp (PNAQ), sponsored by PAC Sponsor, LLC, priced its initial public offering at $202M. Proceeds are placed in trust pending identification and completion of a business combination within the standard 24-month combination window. PNAQ will now commence the search for an operating company target.

Deal Announcements

Pono Capital Four, Inc. (PONO) announced a planned merger combination. The transaction is pending definitive agreement execution, shareholder approval, and regulatory clearance. No target, deal size, or timeline details have been disclosed to date.