Company: PGACR
Filing Date: 2025-11-10
Form Type: 10-Q
Source: 0001213900-25-108205
Chunk: 71

Company: PANTAGES CAPITAL ACQUSITION Corp
Filing Date: 2025-11-10
Form: 10-Q
Item: Part I, Item 8
Chunk 71
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)
  
    Other formation and operating costs 
     (563,453) 
     - 
  
    Interest and dividend income on cash and investments held in Trust Account 
     2,709,511  
     - 
  
    Net income (loss) 
    $2,090,753  
    $(146,534)

The
key measures of segment profit or loss reviewed by our CODM are interest and dividend income on cash and investments held in Trust Account
and formation and operating costs. The CODM reviews interest and dividend income on cash and investments held in Trust Account to measure
and monitor shareholder value and determine the most effective strategy of cash and investments with the Trust Account funds while maintaining
compliance with the trust agreement. Within formation and operating costs, the CODM specifically reviews professional fees incurred in
connection with potential business combination, which are a significant segment expense, and include legal fees and advisory fees, as
these represent significant costs affecting the Company’s consummation of potential business combination. Other formation and operating
costs are reviewed and monitored by the CODM to manage and forecast cash to ensure enough capital is available to complete an initial
business combination within the initial business combination period. The CODM also reviews other formation and operating costs to manage,
maintain and enforce all contractual agreements to ensure costs are aligned with all agreements and budget.

Note 9 — Subsequent
Events

The
Company evaluated subsequent events and transactions that occurred after the balance sheet date through the date when these unaudited
financial statements were issued. Based on this review, the Company did not identify any subsequent events that would require adjustment
or disclosure in the unaudited financial statements. 

14

ITEM
2. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

References
in this report (the “Quarterly Report”) to “we,” “us” or the “Company” refer to Pantages
Capital Acquisition Corporation (f/k/a “Aifeex Nexus Acquisition Corporation” and “Shepherd Ave Capital Acquisition
Corporation”). References to our “management” or our “management team” refer to our officers and directors,
and references to the “Sponsor” refer to Aitefund Sponsor LLC. The following discussion and analysis of the Company’s
financial condition and results of operations should be read in conjunction with the unaudited financial statements and the notes thereto
contained elsewhere in this Quarterly Report. Certain information contained in the