Company: PGACR
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001213900-25-075873
Chunk: 68

Company: PANTAGES CAPITAL ACQUSITION Corp
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 8
Chunk 68
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 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. 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 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,
other than the event described below.

On July 18, 2025, the
Sponsor agreed to loan the Company up to $500,000 (“Working Capital Loan”) to meet the Company’s working capital
needs. The loan was evidenced by a promissory note that was non-interest bearing and unsecured, and it was to be paid upon the earlier
of (1) the date on which the Company consummates a business combination or merger with a qualified target company, and (2) the date
of the liquidation of the Company. The Sponsor has the right, but not the obligation, to convert this loan, in whole or in part, into
private units of the Company, each consisting of one Class A ordinary share, one right to receive one-fifth of one Class A ordinary share.
The number of private units to be received by the Sponsor in connection with such conversion shall be an amount determined by dividing
(x) the sum of the outstanding principal amount payable to the Sponsor by (y) $10.00. 

 On August 5, 2025, the Company held an extraordinary
general meeting (the “Second Shareholder Meeting”). At the Second Shareholder Meeting, the shareholders of the Company, by
special resolution, approved the proposal to amend Company’s 2nd amended and restated memorandum and articles of
associations to change the Company’s name from “Aifeex Nexus Acquisition Corporation” to “Pantages Capital Acquisition
Corporation”. The name change was effective as of August 5, 2025.

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