Company: PGACR
Filing Date: 2025-03-27
Form Type: 10-K
Source: 0001013762-25-002878
Chunk: 404

Company: PANTAGES CAPITAL ACQUSITION Corp
Filing Date: 2025-03-27
Form: 10-K
Item: Item 4
Chunk 404
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 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, 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.

11

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”) at a price of $10.00 per Private Placement Unit, generating
gross proceeds to the Company of $2,442,500. Each Private Placement Unit consists of one Class A ordinary share (the “Private Placement
Shares”), and one Right (the