Company: PGACR
Filing Date: 2025-03-27
Form Type: 10-K
Source: 0001013762-25-002878
Chunk: 148

Company: PANTAGES CAPITAL ACQUSITION Corp
Filing Date: 2025-03-27
Form: 10-K
Item: Item 1B
Chunk 148
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 operations.

The sales of the Private
Placement Units issued pursuant to the exemption from registration contained in Section 4(a)(2) of the Securities Act. No commissions
were paid in connection with such sales.

Separation of Units

On January 23, 2025, the
Company announced that holders of the Company’s Public Units may elect to separately trade the Public Shares and Public Rights from
the Public Units, commencing on or about January 27, 2025.

The Class A ordinary shares
and rights were traded on the Nasdaq Global Market (“Nasdaq”) under the symbols “SPHA” and “SPHAR”,
respectively. Units not separated continued to trade on Nasdaq under the symbol “SPHAU.”

Name Change

On March 11, 2025, the Company
held an extraordinary general meeting (the “Shareholder Meeting”).

At the Shareholder Meeting,
the shareholders of the Company, by special resolution, approved the proposal to amend Company’s amended and restated memorandum
and articles of associations (the “Previous Charter”) to change the Company’s name from “Shepherd Ave Capital
Acquisition Corporation” to “Aifeex Nexus Acquisition Corporation” (the “Name Change”).

Promptly following the approval,
the Company filed a Second Amended and Restated Memorandum and Articles of Association (the “Current Charter”) with the Cayman
Islands Companies Register to effect the Name Change. In connection with the Name Change, the Company’s ticker symbols for its units,
ordinary shares and rights changed from “SPHAU”, “SPHA”, “SPHAR”, in each case to “AIFEU”,
“AIFE”, and “AIFER”, and commenced trading under the new symbols on March 12, 2025.

Results of Operations

We have neither engaged in
any operations nor generated any revenues to date. Our only activities from May 31, 2024 (inception) to December 31, 2024 were organizational
activities, those necessary to prepare for the IPO, described below, and, after the IPO, identifying a target company for an initial business
combination. We do not expect to generate any operating revenues until after the completion of our initial business combination. We may
generate non-operating income in the form of interest income on marketable securities held in the trust account. We incur expenses as
a result of being a public company (for legal, financial reporting, accounting and auditing compliance),