PANTAGES CAPITAL ACQUISITION Corp
Business
PANTAGES CAPITAL ACQUSITION Corp is a blank check company formed to effect a merger, share exchange, asset acquisition, share purchase, recapitalization or similar initial business combination. It offers units comprised of Class A ordinary shares and rights, conducts a trust account to hold IPO proceeds, and provides public shareholders redemption rights in connection with a proposed initial business combination. The company operates as a single-purpose acquisition vehicle with no operating segments and intends to pursue a controlling or majority interest in target businesses. Its efforts are not limited by industry or geography and it targets opportunities through U.S. public markets and Nasdaq listing processes.
Summary from filing dated 2025-03-27
Financials
Consolidated Statement of Income
| Concept | Trend | FY 2025 2025-12-31 |
|---|---|---|
| Formation and operating costs | 1 | |
| Stock-based compensation expense | — | |
| Loss from operations | −1 | |
| Interest and dividend income on cash and investments held in Trust Account | 4 | |
| Net income (loss) | 3 |
Consolidated Balance Sheet
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2024 2024-05-31 |
|---|---|---|---|---|
| Cash | 187,778 | 533,006 | — | |
| Prepaid expenses | 87,377 | 122,434 | — | |
| Total Current Assets | 275,155 | 655,440 | — | |
| Cash and Investments held in Trust Account | 90 | 87 | — | |
| Total Assets | 90 | 87 | — | |
| Accounts payable and accrued expenses | 78,128 | 121,039 | — | |
| Total Current Liabilities | 791,922 | 154,560 | — | |
| Deferred underwriting commission payable | 862,500 | 862,500 | — | |
| Total Liabilities | 2 | 1 | — | |
| Commitments and Contingencies | — | — | — | |
| Preference shares, $0.0001 par value, 5,000,000 shares authorized, none issued and outstanding | — | — | — | |
| Additional paid-in capital | — | — | — | |
| Accumulated deficit | −1 | −361,860 | — | |
| Total Shareholders Deficit | −1 | −361,620 | — | |
| Total Liabilities, Ordinary Shares Subject to Possible Redemptions and Shareholders Deficit | 90 | 87 | — |
Consolidated Statement of Cash Flows
| Concept | Trend | FY 2025 2025-12-31 |
|---|---|---|
| Interest and dividend earned on cash and investments held in Trust Account | −4 | |
| Formation and operating cost paid by the Sponsor | — | |
| Prepaid expenses | 35,057 | |
| Accounts payable and accrued expenses | −42,911 | |
| Due to related parties | −33,227 | |
| Net Cash Used in Operating Activities | −1 | |
| Purchase of investment held in Trust Account | — | |
| Net Cash Used in investing Activities | — | |
| Proceeds from public offering | — | |
| Aggregate purchase price | — | |
| Proceeds from promissory note related party | — | |
| Repayment of promissory note to related party | — | |
| Payment of underwriter discount | — | |
| Payment of deferred offering costs | — | |
| Proceeds from working capital loan - related party | 713,500 | |
| Net Cash Provided by Financing Activity | 713,500 | |
| Net Change in Cash | −345,228 | |
| Prepaid expenses paid via promissory note - related party | — | |
| Deferred offering costs paid by shareholders in exchange for issuance of Class B ordinary shares | — | |
| Capital contribution through issuance of promissory notes | — | |
| Deferred offering costs paid via promissory note - related party | — | |
| Deferred underwriting commission payables | — | |
| Initial measurement of carrying value to redemption value | — | |
| Remeasurement of carrying value to redemption value | 4 |