Company: PGACR
Filing Date: 2025-03-27
Form Type: 10-K
Source: 0001013762-25-002878
Chunk: 16

Company: PANTAGES CAPITAL ACQUSITION Corp
Filing Date: 2025-03-27
Form: 10-K
Item: Item 1
Chunk 16
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 of the Securities Act. No commissions were paid in
connection with such sales.

10

Use
of Proceeds

On December 6, 2024, we consummated
the initial public offering (the “IPO”) of 8,625,000 units (the “Units”), at a price of $10.00 per Unit, including
1,125,000 additional Units granted to the underwriters to cover over-allotments, if any (the “Over-Allotment Option”), generating
gross proceeds of $86,250,000. Simultaneously with the closing of the IPO, we consummated the sale of 244,250 private placement units,
to our sponsor in the Private Placement, generating gross proceeds of $2,442,500.

The proceeds of $86,250,000
from the IPO and the Private Placement were placed in the trust account established for the benefit of the Company’s public shareholders
with Wilmington Trust, N.A., acting as trustee.

Purchases
of Equity Securities by the Issuer and Affiliated Purchasers

None.

Item
6. [Reserved]

Item
7. Management’s Discussion and Analysis of Financial Condition and Results of Operations

Forward-Looking Statements

References to the “Company”,
“us”, “our”, or “we” refer to Aifeex Nexus Acquisition Corporation. The following discussion and analysis
of our financial condition and results of operations should be read in conjunction with our audited financial statements and related notes
herein.

The following discussion
and analysis of the Company’s financial condition and results of operations should be read in conjunction with our audited financial
statements and the notes related thereto which are included in “Item 8. Financial Statements and Supplementary Data”
of this Annual Report on Form 10-K. Certain information contained in the discussion and analysis set forth below includes forward-looking
statements. Our actual results may differ materially from those anticipated in these forward-looking statements as a result of many factors,
including those set forth under “Cautionary Note Regarding Forward-Looking Statements” and elsewhere in this Annual
Report on Form 10-K.

Overview

Aifeex Nexus Acquisition
Corporation (the “Company”, formerly known as “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,