PGAC
Pantages Capital Acquisition Corporation.10.37
+0.00+0%
Dec 12, 4:00:00 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
No earnings call transcript available
Key Stats
Market Cap
114.30MP/E (TTM)
-Basic EPS (TTM)
-0.09Dividend Yield
0%Recent Filings
10-K
FY2025 results
Pantages Capital Acquisition, a blank check company, posted FY2025 net income of $2.5M driven by $3.6M in Trust Account interest income, offsetting $1.0M formation and operating costs—up from a $85K net loss in 2024 post-IPO. Trust swelled to $90.1M ($10.44/share) from interest accretion, while cash outside Trust dipped to $188K amid a $517K working capital deficit funded by $714K Sponsor loans. Signed merger with MacMines November 18, 2025, extending deadline to June 6, 2026. No quarterly breakdowns disclosed. Still hunting. Sponsor controls 20%. Heavy redemptions could kill the deal.
8-K
Pantages inks mining merger deal
Pantages Capital Acquisition Corporation signed a merger agreement on November 18, 2025, with MacMines Austasia Pty Ltd and Horizon Mining Limited, where a merger sub merges into Pantages, surviving as Horizon's subsidiary with shares converting 1:1 to Horizon ordinary shares, excluding redemptions. Sponsor and seller committed support votes; 50% seller shares lock up for six months or until $12.50/share trigger. Closing targeted by March 31, 2026.
8-K
Pantages-MacMines merger announced
Pantages Capital Acquisition Corporation signed a definitive business combination agreement on November 19, 2025, with MacMines Austasia Pty Ltd., valuing the target at USD$180 million. Pantages public shareholders roll over 100% of shares into Horizon Mining; no cash proceeds for them. Boards approved unanimously. Closing hinges on shareholder votes and Nasdaq listing.
10-Q
Q3 FY2025 results
Pantages Capital Acquisition swung to a $686,686 net profit for Q3 ended September 30, 2025, up from a $129,214 loss y/y, fueled by $911,969 in trust interest income that crushed $225,283 formation costs—while YTD net income hit $2,090,753 on $2,709,511 interest versus $618,758 expenses. Trust swelled to $89.2M at $10.35/share from $86.5M q/q (derived), yet cash dipped to $349K amid a $118K working capital deficit, offset by a $457.5K related-party loan. EPS tallied $0.06 for both redeemable and non-redeemable shares. Trust stays rock-solid. Deadline looms March 2026.
10-Q
Q2 FY2025 results
Pantages Capital Acquisition Corporation swung to a net income of $723,213 for Q2 2025 ended June 30, up sharply from a $17,320 loss in the prior-year stub period, driven by $900,939 in interest income on its $88.3M trust account while formation costs hit $177,726. For the half-year, net income reached $1.4M on $1.8M interest, offsetting $393K expenses, with diluted EPS of $0.13 for redeemable shares on 8.625M weighted average. Cash outside trust dipped to $295K amid $413K operating outflows, but a $175K related-party loan bolsters liquidity. No business combination yet; deadline looms March 2026. Sponsor indemnity guards trust from claims. Yet failure to merge risks full liquidation.
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