Company: PGACR
Filing Date: 2025-03-27
Form Type: 10-K
Source: 0001013762-25-002878
Chunk: 1056

Company: PANTAGES CAPITAL ACQUSITION Corp
Filing Date: 2025-03-27
Form: 10-K
Item: Item 11
Chunk 1056
---
)
  
    Net loss 
     -  
     -  
     -  
     -  
     -  
     (85,311) 
     (85,311)
  
    Balance as of December 31, 2024 
     244,250  
    $24  
     2,156,250  
    $216  
    $-  
    $(361,860) 
    $(361,620)

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

F-5

    AIFEEX
    NEXUS ACQUISITION CORPORATION
(FORMERLY KNOWN AS SHEPHERD AVE CAPITAL ACQUISITION CORPORATION)
  
    STATEMENT
    OF CASH FLOWS

    For The Period From 

    May 31, 2024 

    (Inception) Through 

    December 31, 2024 
  
    Cash Flows from Operating Activities: 

    Net loss 
    $(85,311)
  
    Adjustments to reconcile net loss to net cash used in operating activities 

    Interest and dividend earned on investment held in Trust Account 
     (268,878)
  
    Stock-based compensation expense 
     53,754 
  
    Formation and operating cost paid by the Sponsor 
     118,165 
  
    Changes in operating assets and liabilities: 

    Prepaid expenses 
     (112,434)
  
    Accounts payable and accrued expenses 
     121,039 
  
    Due to related parties 
     33,521 
  
    Net Cash Provided by Operating Activities 
     (140,144)

    Cash Flows from Investing Activities: 

    Purchase of investment held in trust account 
     (86,250,000)
  
    Net Cash Used in investing Activities 
     (86,250,000)

    Cash Flows from Financing Activities: 

    Proceeds from public offering 
     86,250,000 
  
    Proceeds from private placement 
     2,442,500 
  
    Proceeds from promissory note to related party 
     12,000 
  
    Repayment of promissory note to related party 
     (294,976)
  
    Payment of underwriter discount 
     (1,078,125)
  
    Payment of deferred offering costs 
     (408