PGAC Extends Deadline to June 2027; $62.4M Redemptions

Pantages Capital Acquisition Corporation (PGAC) shareholders approved an extension for the company to complete a business combination from June 6, 2026, to June 6, 2027, on a month-to-month basis. This extension is contingent on monthly deposits of $0.033 per public share, capped at $60,000 per month, into the Trust Account. In connection with the vote, 5,889,094 shares were redeemed, resulting in approximately $62.4 million being removed from the Trust Account at about $10.60 per share. The company now has 2,980,156 Class A Shares outstanding and approximately $29 million remaining in its Trust Account.