Company: PGACR
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001213900-25-075873
Chunk: 5

Company: PANTAGES CAPITAL ACQUSITION Corp
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 1
Chunk 5
---
 paid by the Sponsor 
     -  
     6,390 
  
    Changes in operating assets and liabilities: 

    Prepaid expenses 
     2,139  
     - 
  
    Accounts payable and accrued expenses 
     9,162  
     10,930 
  
    Due to related parties 
     (31,188) 
     - 
  
    Net Cash Used in Operating Activities 
     (413,362) 
     - 

    Cash Flows from Financing Activity: 

    Proceeds from working capital loan - related party 
     175,000  
     - 
  
    Net Cash Provided by Financing Activity 
     175,000  
     - 

    Net Change in Cash 
     (238,362) 
     - 

    Cash, beginning of period 
     533,006  
     - 
  
    Cash, end of period 
    $294,644  
    $- 

    Supplemental Disclosure of Non Cash Financing Activities: 

    Issuance of shares for receivable 
    $-  
    $43 
  
    Prepaid expenses paid via promissory note - related party 
    $-  
    $42,500 
  
    Deferred offering costs included in accrued offering costs 
    $-  
    $3,213 
  
    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 
    $-  
    $62,318 
  
    Remeasurement of carrying value to redemption value 
    $1,797,542  
    $- 

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

4

 PANTAGES CAPITAL ACQUISITION CORPORATION

(FORMERLY KNOWN AS AIFEEX NEXUS 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