Andrew Rechtschaffen, Director, 10% Owner at Pinnacle Acquisition Corp (PNAQ), bought 1,225,000 shares at $10.00 ($12.3M) on 2026-08-10, disclosed to the SEC on 2026-08-12.
Director Andrew Rechtschaffen purchased $2.25M of Pinnacle Acquisition Corp stock at $10.00 per share, marking the largest insider purchase in the company's history. This significant capital commitment by a director suggests high conviction in the company's future prospects or potential merger targets.
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| # | Price | Shares | Value | % of Total |
|---|---|---|---|---|
| 1 | $10.00 | 225,000 | $2.3M | 18.4% |
| 2 | $10.00 | 1,000,000 | $10.0M | 81.6% |
| Total | $10.00 avg | 1,225,000 | $12.3M | 100% |
| Filing → |
| MCRL | BUY | 2008-03-20 | $7.7M | — | Filing → |
| MCRL | BUY | 2008-03-18 | $3.2M | — | Filing → |
| MCRL | BUY | 2008-03-14 | $165K | — | Filing → |