Shepherd Ave Capital closes $86.25M IPO, sets trust account for business combination

PANTAGES CAPITAL ACQUISITION Corp

IPO of 8.625M units at $10/unit grossed $86.25M; includes full over-allotment exercise.
Sponsor Aitefund Sponsor LLC purchased 244,250 private units at $10/unit ($2.44M gross).
Trust account set with $86.25M from IPO and private placement proceeds, net of expenses.
Three independent directors appointed: Evan M. Graj, Stephen Markscheid, Wee Peng Siong.
Must complete initial business combination by March 7, 2026 (extendable to June 7, 2026).

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