Company: PGACR
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001213900-25-044013
Chunk: 41

Company: PANTAGES CAPITAL ACQUSITION Corp
Filing Date: 2025-05-15
Form: 10-Q
Item: Part I, Item 2
Chunk 41
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 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

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, 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.

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Simultaneously with the closing
of the IPO, we consummated a private placement (the “Private Placement”) with Aitefund Sponsor LLC, our sponsor (the “sponsor”),
of an aggregate of 244,250 units (the “Private Placement Units