secwatch.observer — SEC 8-K summary
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Issuer:     PANTAGES CAPITAL ACQUISITION Corp (PGAC)
CIK:        0002030829
Form:       8-K
Filed at:   2024-12-09T23:59:59+00:00
Accession:  0001213900-24-106948
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 3.02, 5.02, 5.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/2030829/000121390024106948/0001213900-24-106948-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/2030829/000121390024106948/ea0223998-8k_shepherd.htm
  HTML page:      https://secwatch.observer/filing/0001213900-24-106948

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer