Company: PGACR
Filing Date: 2025-11-10
Form Type: 10-Q
Source: 0001213900-25-108205
Chunk: 5

Company: PANTAGES CAPITAL ACQUSITION Corp
Filing Date: 2025-11-10
Form: 10-Q
Item: Part I, Item 1
Chunk 5
---
 Cash 
     (183,988) 
     10,850 

    Cash, beginning of period 
     533,006  
     - 
  
    Cash, end of period 
    $349,018  
    $10,850 

    Supplemental Disclosure of Non Cash Financing Activities: 

    Prepaid expenses paid via promissory note - related party 
    $-  
    $10,000 
  
    Deferred offering costs included in accrued offering costs 
    $-  
    $22,053 
  
    Deferred offering costs paid by shareholders in exchange for issuance of Class B ordinary shares 
    $-  
    $25,000 
  
    Deferred offering costs paid via promissory note - related party 
    $-  
    $154,855 
  
    Remeasurement of carrying value to redemption value 
    $2,709,511  
    $- 

The
accompanying notes are an integral part of these unaudited financial statements.

4

PANTAGES
CAPITAL ACQUISITION CORPORATION 

NOTES
TO UNAUDITED FINANCIAL STATEMENTS

Note 1 — Organization,
Business Operation and Going Concern Consideration

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”). The Company’s efforts to identify a prospective target
business will not be limited to a particular industry or geographic location. The Company has elected December 31 as its fiscal
year end.

As
of September 30, 2025, the Company had not commenced any operations. For the period from May 31, 2024 (inception) through September 30,
2025, the Company’s efforts have been limited to organizational activities, activities related to the initial public offering (“IPO”,
see Note 3), and search for target for business combination. The Company will not generate any operating revenues until after the
completion of an initial business combination, at the earliest. The Company will generate