PGAC

Pantages Capital Acquisition Corp. (PGAC) operates as a special purpose acquisition company (SPAC) formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2021 and is headquartered in Los Angeles, California. PGAC raised $115 million in its initial public offering, with units priced at $10.00 each, consisting of one share of Class A common stock and one-half of one redeemable warrant. The SPAC focuses on identifying target businesses in the technology, media, and entertainment sectors, leveraging the management team's expertise and industry relationships. The company's leadership includes experienced professionals with backgrounds in investment banking, private equity, and entertainment operations. PGAC follows the standard SPAC business model, holding funds in trust while conducting its search for a suitable acquisition target. The company has a limited time frame, typically 18 to 24 months from its IPO, to complete a qualifying business combination, after which it must return capital to shareholders if no transaction is consummated. As a blank-check company, PGAC generates no operating revenue prior to completing its business combination and maintains minimal operational infrastructure beyond its management team and board of directors.