Company: PGACR
Filing Date: 2025-07-07
Form Type: PRE 14A
Source: 0001213900-25-061834
Chunk: 33

Company: PANTAGES CAPITAL ACQUSITION Corp
Filing Date: 2025-07-07
Form: PRE 14A
Chunk 33
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of one Class A ordinary share upon the completion of the initial Business Combination.

Of the gross proceeds received from our IPO and the sale of the private
placement warrants, we deposited $86,250,000 in a trust account, maintained by Wilmington Trust, N.A., as trustee, for the benefits of
the public shareholders of the Company (the “Trust Account”).

The proceeds held in the Trust Account may be invested by the trustee
only in U.S. government securities, within the meaning set forth in Section 2(a)(16) of the Investment Company Act, with
a maturity of 185 days or less, or in money market funds meeting certain conditions under Rule 2a-7 under the Investment Company
Act which invest only in direct U.S. government treasury obligations. As of July 15, 2025, funds held in the Trust Account totaled
approximately $[ ] million, and were held in U.S. Treasury Bills with a maturity of 185 days or less
and in money market funds which invest in U.S. Treasury securities.

On March 11, 2025, with an intention to better align our corporate
profile with global trends and better represent us and our management, we, upon the shareholder approval, effected a name change from
“Shepherd Ave Capital Acquisition Corporation” to “Aifeex Nexus Acquisition Corporation” (the “First Name
Change”).

Reason for the Name Change Proposal

The purpose of the name change proposal is to amend the name of the
Company.

In April 2025, following the First Name Change, it came to our attention
that unauthorized entities or individuals issued social media posts and posted claims on websites suggesting that the Company had been
acquired or is otherwise affiliated with other companies, had chosen a target to complete its business combination, or had completed the
combination. These actors were capitalizing on a similarity in the Company’s name to the name of other entities.

As previously disclosed in a Current Report on Form 8-K on April 14,
2025, the Company issued a statement on that date warning investors against unauthorized use of its name by parties unaffiliated with
the Company.

We wish to make clear that the parties who made those statements are
not (and have never been) affiliated with the Company in any capacity. The Company remains an independent and publicly traded company
that is listed on Nasdaq. As of the date hereof, we have not identified a specific target or entered into any binding letter of intent
or definitive