PGAC Amends Merger Agreement, Removes $5M Net Tangible Asset Condition

Pantages Capital Acquisition Corporation (PGAC) and its merger partners executed Amendment No. 1 to their Business Combination Agreement on April 14, 2026. This amendment removes a key condition for closing the transaction, specifically Section 8.1(h). The removed condition required PGAC to maintain at least $5,000,001 in net tangible assets after redemptions and any PIPE investment. This change streamlines the path to consummation of the merger.