PANTAGES CAPITAL ACQUISITION Corp 8-K

What Happened
Pantages Capital Acquisition Corporation (PGAC) announced that on June 3, 2026 its shareholders approved amendments to both the company’s Investment Management Trust Agreement and its Third Amended and Restated Memorandum and Articles of Association to extend the deadline to complete an initial business combination. The amendment allows the company to extend the termination date of June 6, 2026 on a month-to-month basis for up to twelve (12) one-month extensions, effectively permitting the deadline to be moved through June 6, 2027, subject to the required cash deposits into the trust.

Key Details

• Shareholder vote: Proxies representing 9,563,965 Ordinary Shares (≈86.74% of 11,025,500 issued and outstanding as of the May 20, 2026 record date) were present or represented.
• Voting results for both the Extension Amendment and the Trust Agreement Amendment: For 6,715,557; Against 2,848,388; Abstain 20; Broker Non-Vote 0.
• Extension cost: Each one-month extension requires depositing $0.033 per public share remaining after redemptions, capped at $60,000 per one-month extension.
• Corporate filings: The charter amendment and Trust Agreement amendment forms were filed as exhibits (Amendment to Articles and Amendment No. 1 to the Investment Management Trust Agreement).

Why It Matters
For investors, the approvals mean PGAC now has contractual authority to buy more time to complete a business combination through June 6, 2027, at a defined per-share cost rather than liquidating immediately on the original termination date. This preserves the possibility of a merger/acquisition outcome but dilutes trust cash balances over each extension (via the $0.033 per-share deposit up to $60,000 monthly), which may affect the ultimate cash available to public shareholders if a deal does not close. The vote results show sufficient shareholder support to enact the amendments.