Company: PGACR
Filing Date: 2025-03-27
Form Type: 10-K
Source: 0001013762-25-002878
Chunk: 437

Company: PANTAGES CAPITAL ACQUSITION Corp
Filing Date: 2025-03-27
Form: 10-K
Item: Item 4
Chunk 437
---
 exchange for issuance of Class B ordinary shares 
    $25,000 
  
    Capital contribution through issuance of promissory notes 
    $43 
  
    Deferred offering costs paid via promissory note - related party 
    $154,855 
  
    Deferred underwriting commission payable 
    $862,500 
  
    Initial measurement of carrying value to redemption value 
    $4,036,424 
  
    Remeasurement of carrying value to redemption value 
    $268,878 

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

F-6

AIFEEX NEXUS ACQUISITION CORPORATION

(FORMERLY KNOWN AS SHEPHERD AVE CAPITAL ACQUISITION
CORPORATION)

NOTES TO FINANCIAL STATEMENTS

Note 1 — Organization,
Business Operation and Going Concern Consideration

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”). The Company’s efforts to identify a prospective
target business will not be limited to a particular industry or geographic location. The Company has elected December 31 as its fiscal
year end.

As of December 31, 2024, the Company had not commenced
any operations. For the period from May 31, 2024 (inception) through December 31, 2024, the Company’s efforts have been limited
to organizational activities as well as activities related to the initial public offering (“IPO”, see Note 3). The Company
will not generate any operating revenues until after the completion of an initial business combination, at the earliest. The Company will
generate non-operating income in the form of dividend and/or interest income from the proceeds derived from the IPO and Private Placement
(“Private Placement”, see Note 4).

The Company’s management has broad discretion
with respect to the specific application of the net proceeds of the IPO and the sale of the Private Placements Units (as defined below),
although substantially all of the net proceeds are intended to be applied generally toward consummating an