Company: PGACR
Filing Date: 2025-11-10
Form Type: 10-Q
Source: 0001213900-25-108205
Chunk: 96

Company: PANTAGES CAPITAL ACQUSITION Corp
Filing Date: 2025-11-10
Form: 10-Q
Item: Part I, Item 2
Chunk 96
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 its initial public offering (the “IPO” described below) filed 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