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Recent Updates — PGAC

June 12, 2026View Source ↗

Pantages Capital Acquisition Corporation shareholders approved a proposal at an extraordinary annual meeting held on June 3, 2026, to extend the business combination deadline from June 6, 2026, to June 6, 2027, on a month-to-month basis. Each monthly extension requires a deposit of $0.033 per remaining public share into the Wilmington Trust, N.A. trust account, capped at $60,000 per month. Following the redemption of 5,889,094 shares, approximately $62,410,178.04 ($10.60 per share) will be removed from the trust account. Post-redemption, the company holds 2,980,156 Class A shares and 2,156,250 Class B shares, with approximately $28,993,998.16 remaining in the trust account. The company is a special purpose acquisition company (SPAC).

June 9, 2026View Source ↗

Pantages Capital Acquisition Corporation shareholders approved two proposals at an extraordinary general meeting on June 3, 2026, to extend the deadline for completing an initial business combination. The approved amendments allow the company to extend the termination date from June 6, 2026, to June 6, 2027, via up to twelve one-month extensions. To facilitate these extensions, the company will deposit $0.033 per remaining public share into the trust account, capped at $60,000 per month. As of the May 20, 2026 record date, 11,025,500 ordinary shares were outstanding. The company is a special purpose acquisition company (SPAC) focused on identifying and consummating a business combination.