Shepherd Ave Capital closes IPO of 8.625M units at $10, raising $86.25M gross

PANTAGES CAPITAL ACQUISITION Corp

IPO of 8,625,000 units at $10.00/unit, including full over-allotment; gross proceeds $86,250,000.
Private placement of 244,250 units to sponsor at $10/unit, gross proceeds $2,442,500.
$86.25M deposited in trust account; cash outside trust $941,835; shareholders' deficit $(283,319).
Transaction costs $2.53M ($1.08M cash underwriting, $0.86M deferred, $0.59M other).
Company has 15 months (to March 2026) to complete initial business combination; going concern uncertainty noted.

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