PANTAGES CAPITAL ACQUISITION CORP. COM USD0.0001 A (SUBS/RTS) 15/11/2029 | 10-K: FY2024 Revenue: USD 0

Revenue: As of FY2024, the actual value is USD 0.

EPS: As of FY2024, the actual value is USD -0.03.

Financial Metrics

• Net Loss: The company reported a net loss of $85,311 for the period from May 31, 2024 (inception) through December 31, 2024, which included formation and operating costs of $300,435 and stock-based compensation expense of $53,754, offset by interest and dividend income on investment held in the trust account of $268,878.
• Cash and Cash Equivalents: As of December 31, 2024, the company had cash of $533,006 and a working capital of $500,880.
• Investment Held in Trust Account: The company had $86,518,878 in investment held in the trust account as of December 31, 2024, invested in money market funds with a maturity of 185 days or less.

Cash Flow

• Cash Flows from Operating Activities: Net cash used in operating activities was - $140,144 for the period from May 31, 2024 (inception) through December 31, 2024.
• Cash Flows from Investing Activities: Cash used in investing activities was - $86,250,000, resulting from the purchase of investment held in the trust account.
• Cash Flows from Financing Activities: Cash provided by financing activities was $86,923,150, resulting from the proceeds of the IPO of $86,250,000, the proceeds from the private placement of $2,442,500, and the proceeds from a promissory note to a related party of $12,000, offset by the repayment of the promissory note to the sponsor of $294,976, the payment of the underwriters’ discount of $1,078,125, and the payment of IPO offering costs of $408,249.

Outlook / Guidance

The company intends to use the funds held outside the trust account to primarily identify and evaluate target businesses, perform business due diligence on prospective target businesses, and complete an initial business combination. The company will have until March 6, 2026, to consummate its initial business combination, or up to June 6, 2026, if it has executed a letter of intent, agreement in principle, or definitive agreement for an initial business combination before March 6, 2026.