Pantages Capital net income drops to $353,407 in Q1 FY26

Pantages Capital Acquisition Corporation Class A

Pantages Capital Acquisition Corporation Class A

PGAC

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  • Pantages Capital Acquisition reported net income of USD 353,407 for the quarter ended March 31, 2026, down 48.09% from USD 680,854 a year earlier.
  • Interest and dividend income in the Trust Account fell 12.31% to USD 786,309, while formation and operating costs climbed to USD 432,902 from USD 215,749.
  • Cash outside the Trust Account totaled USD 89,063, leaving a working capital deficit of USD 949,669 as of March 31, 2026.
  • The SPAC’s proposed business combination with MacMines remained pending, with the deal deadline extended to June 6, 2026 under its charter.
  • An April 14 amendment to the merger agreement removed the condition requiring at least USD 5,000,001 of net tangible assets after redemptions and any funded PIPE investment.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Pantages Capital Acquisition Corporation published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001213900-26-059636), on May 20, 2026, and is solely responsible for the information contained therein.