Company: PGACR
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001213900-25-075873
Chunk: 91

Company: PANTAGES CAPITAL ACQUSITION Corp
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 2
Chunk 91
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 with the Securities Exchange Commission (the “SEC”) on December 5, 2024 (File No. 333-280986) (the
“Prospectus”). The Company’s securities filings can be accessed on the EDGAR section of the SEC’s website at www.sec.gov.
Except as expressly required by applicable securities law, the Company disclaims any intention or obligation to update or revise any forward-looking
statements whether as a result of new information, future events or otherwise.

Overview

Pantages Capital Acquisition
Corporation (the “Company”, formerly known as “Aifeex Nexus Acquisition Corporation” and “Shepherd Ave Capital
Acquisition Corporation”) is a blank check company incorporated in the Cayman Islands on May 31, 2024 as an exempted company with
limited liability. The Company was formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, recapitalization,
reorganization or similar business combination involving the Company, with one or more businesses or entities (the “initial business
combination”). We intend to effectuate our initial business combination using cash from the proceeds of our IPO (as defined below),
Private Placement (as defined below), and the sale of our shares, debt or a combination of cash, equity and debt. We expect to continue
to incur significant costs in the pursuit of our acquisition plans. We cannot assure you that our plans to complete an initial business
combination will be successful.

Our Initial Public Offering

On December 6, 2024, the
Company consummated its initial public offering (the “IPO”) of 8,625,000 units (the “Public Units”), including
1,125,000 additional Units granted to the underwriters to cover over-allotments, if any (the “Over-Allotment Option”). Public
Unit consisting of one Class A ordinary share (the “Class A Ordinary Shares”) of the Company, par value $0.0001 per share
(the “Public Shares”), and one right (the “Rights”) of the Company, each right entitling the holder to receive
one-fifth of one Class A Ordinary Share for (the “Public Rights”). The Units were sold at an offering price of $10.00 per
Unit, generating total gross proceeds of $86,250,000.

Simultaneously with the closing
of the IPO, we consummated a private placement (the “Private Placement”) with Aitefund Sponsor LLC, our sponsor