PGACU — what changed in the latest 10-Q

Text added vs the prior filing · source: 10-Q · 2026-08-14

• Pantages’ Third Amended and Restated Memorandum and Articles of Association, which became effective upon the consummation of its IPO, originally provided that Pantages had until June 6, 2026, to complete its initial business combination (“Business Combination Deadline”). On June 3, 2026, at an extra…

• In connection with the shareholders’ vote at the Third Shareholder Meeting, 5,889,094 public shares were tendered for redemption. As a result, approximately $62,365,505.46 (approximately $10.59 per share) will be withdrawn from the Trust Account to pay such holders, without taking into account any a…

• As of the date of this Quarterly Report, the Sponsor has deposited an aggregate of US$120,000 into the Trust Account to extend the Business Combination Deadline to August 6, 2026. The required extension payment of $60,000 to extend the Trust to September 6, 2026 has not been deposited into the Trust…

• On June 3, 2026, at the Third Shareholder Meeting, the Company’s shareholders approved a proposal to amend the Trust Agreement to allow the Company to extend the date by which it must consummate an initial business combination up to twelve (12) times, with each extension comprised of one month, from…

• To effectuate each monthly extension, in June and July 2026, the Sponsor deposited the monthly extension fee in the amount of $60,000 each for an aggregated $120,000 into the Trust Account so that the Company has until August 6, 2026 to complete its initial business combination. As of the date of th…

Text removed vs the prior filing · source: 10-Q · 2026-05-20

• We have neither engaged in any operations nor generated any revenues to date. Our only activities from May 31, 2024 (inception) to March 31, 2026 were organizational activities, those necessary to prepare for the IPO, described below, and, after the IPO, identifying a target company for an initial b…

• For the three months ended March 31, 2026, we had a net income of $353,407, which consisted of interest and dividend income on cash and investments held in the Trust Account of $786,309 and partially offset by formation and operating costs of $432,902.

• The Company’s liquidity needs up to March 31, 2026 had been satisfied through a payment from the Sponsor of $25,000 for the founder shares to cover certain offering costs and the proceeds from the public offering and private placements.

• On February 26, 2026, the Sponsor agreed to loan the Company up to $500,000 (the “Second Promissory Note”) to be used for working capital of the Company. This loan is non-interest bearing, unsecured and is due at the earlier of (1) the date on which the Company consummates its initial business combi…

• For the three months ended March 31, 2026, there was $248,715 of cash used in operating activities resulting from interest and dividend earned on cash and investments held in the Trust Account of $786,309. The changes were partially offset by net income of $353,407, an increase in accounts payable a…