Pantages Capital Acquisition Corp Notified of Nasdaq MVLS Deficiency

What Happened Pantages Capital Acquisition Corp (PGAC) filed an 8-K reporting that on August 21, 2026 it received a written notice from the Nasdaq Listing Qualifications Department notifying the company that its market value of listed securities (MVLS) has been below the $50 million minimum for the last 30 consecutive business days. The notice is a notification of deficiency—not an immediate delisting—and trading of the company’s securities continues. Nasdaq has given the company a 180-calendar-day Compliance Period ending February 17, 2027 to regain compliance.

Key Details

• Date of notice: August 21, 2026.
• MVLS threshold: $50 million minimum under Nasdaq Listing Rule 5450(b)(2)(A).
• Compliance window: 180 calendar days (until February 17, 2027); the company must reach an MVLS of at least $50 million for a minimum of 10 consecutive business days during that period.
• If compliance is not regained, Nasdaq may notify the company of delisting; the company may appeal to a Nasdaq Hearings Panel. The company is monitoring MVLS and evaluating options.

Why It Matters This notice signals a risk that PGAC could face delisting proceedings if it does not restore its market value above the required $50M threshold within the given time. For investors, a delisting can reduce liquidity and make shares harder to trade; however, there is no immediate trading impact while the company is in the Compliance Period. Shareholders should watch company updates and MVLS trends through February 17, 2027 for developments.