secwatch.observer — SEC 8-K summary
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Issuer:     PANTAGES CAPITAL ACQUISITION Corp (PGAC)
CIK:        0002030829
Form:       8-K
Filed at:   2024-12-12T23:59:59+00:00
Accession:  0001213900-24-108347
Event type: other_material
Sentiment:  neutral
Materiality: 0.65
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/2030829/000121390024108347/0001213900-24-108347-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/2030829/000121390024108347/ea0224197-8k_shepherd.htm
  HTML page:      https://secwatch.observer/filing/0001213900-24-108347

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