Company: PGACR
Filing Date: 2025-03-27
Form Type: 10-K
Source: 0001013762-25-002878
Chunk: 1241

Company: PANTAGES CAPITAL ACQUSITION Corp
Filing Date: 2025-03-27
Form: 10-K
Item: Item 16
Chunk 1241
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audit. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (“PCAOB”)
and are required to be independent with respect to the Company in accordance with the U.S. federal securities laws and the applicable
rules and regulations of the Securities and Exchange Commission and the PCAOB.

We conducted our audit in accordance
with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether
the financial statements are free of material misstatement, whether due to error or fraud. The Company is not required to have, nor were
we engaged to perform, an audit of its internal control over financial reporting. As part of our audit we are required to obtain an understanding
of internal control over financial reporting but not for the purpose of expressing an opinion on the effectiveness of the Company’s internal
control over financial reporting. Accordingly, we express no such opinion.

Our audit included performing procedures
to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that
respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial
statements. Our audit also included evaluating the accounting principles used and significant estimates made by management, as well as
evaluating the overall presentation of the financial statements. We believe that our audit provides a reasonable basis for our opinion.

/s/ MaloneBailey, LLP

www.malonebailey.com

We have served as the Company’s auditor
since 2024.

Houston, Texas

March 26, 2025

F-2

    AIFEEX
    NEXUS ACQUISITION CORPORATION

(FORMERLY KNOWN AS SHEPHERD AVE CAPITAL ACQUISITION
CORPORATION)

    BALANCE
    SHEET
  
    AS
    OF DECEMBER 31, 2024

    Assets 

    Current Assets 

    Cash 
    $533,006 
  
    Prepaid expenses 
     122,434 
  
    Total Current Assets 
     655,440 

    Investment held in Trust Account 
     86,518,878 
  
    Total Assets 
    $87,174,318 

    Liabilities, Ordinary Shares Subject to Possible Redemptions and Shareholders' Deficit 

    Current Liabilities 

    Accounts payable and accrued expenses 
    $121,039 
  
    Due to