Pantages Capital Acquisition Corporation currently lacks significant operational activities. Its principal objective is to pursue and finalize a strategic business combination, which ...
Pantages Capital Acquisition Corporation (NASDAQ: PGAC) is a special purpose acquisition company (SPAC), also known as a blank check company, incorporated in the Cayman Islands on May 31, 2024, and headquartered in Wilmington, Delaware. The company was initially named Aifeex Nexus Acquisition Corporation and later rebranded as Pantages Capital Acquisition ...Pantages Capital Acquisition Corporation (NASDAQ: PGAC) is a special purpose acquisition company (SPAC), also known as a blank check company, incorporated in the Cayman Islands on May 31, 2024, and headquartered in Wilmington, Delaware. The company was initially named Aifeex Nexus Acquisition Corporation and later rebranded as Pantages Capital Acquisition Corporation in August 2025. It was formerly also known as Shepherd Ave Capital Acquisition Corp. As of the latest data, the company has no significant operational activities; its principal objective is to pursue and finalize a strategic business combination, which may take the form of a merger, share exchange, asset acquisition, share purchase, corporate reorganization, or a similar transaction with one or more entities. The company went public via an IPO on December 4, 2024, raising approximately $86.25 million in proceeds, with B. Riley FBR acting as the left lead underwriter. The stock is listed on the NASDAQ Global Market under the symbol PGAC, with a market capitalization of about $118.5 million as of the latest snapshot. The company is led by CEO William W. Snyder, who also goes by Bill Snyder. The company has only 2 full-time employees, typical for a SPAC. Financially, as a SPAC, it holds funds in trust (100% of IPO proceeds) and has no revenue. The enterprise value is approximately $119.3 million, with negative cash flows from operations, as expected during the search phase. Key financial metrics from TTM include a price-to-book ratio of 1.33, return on equity of 2.5%, and a net income per share of $0.201, likely from interest income on trust funds. The company's stock trades around $10.75 with a 52-week range of $10.20 to $11.39, showing typical SPAC stability. The company's website is https://www.pantagescapital.com/, and its office is located at 221 W 9th St, Wilmington, DE. As of November 18, 2025, the company entered into a Business Combination Agreement, indicating progress toward its intended acquisition. The company's purpose is to identify and merge with a target business, providing a pathway for private companies to go public. With a SPAC tenor of 15+3+12 months, it has time to complete a deal. Overall, Pantages Capital Acquisition Corporation is a typical SPAC with a clear strategy, a small team, and substantial trust funds to facilitate a future business combination.
YoYYoY means Year-over-Year. It compares the latest annual value with the previous annual value to show long-term trend strength.
QoQQoQ means Quarter-over-Quarter. It compares the latest quarter with the immediately previous quarter to show short-term momentum changes.
RevenueThe total money that came through the front door from selling things, before paying a single bill. Think of it as the grand total of every credit card swipe from customers. (YoY compares this year to last year's performance, while QoQ compares the current three months to the previous three).
$0
+100.0%
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Net IncomeThe absolute bottom line. If the company paid every single supplier, employee, banker, and tax collector, this is the actual money left in their pocket at the end of the day.
$2.5M
+3086.7%
+52.3%
Gross MarginThe basic markup. If they sell a $100 pair of sneakers, this percentage tells you how much of that price tag is profit right after paying for the rubber and shoelaces, but before paying for things like store rent or TV commercials.
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Operating MarginThe 'day job' efficiency score. Out of every dollar a customer spends, this shows how many cents the company keeps after making the product AND paying for all the everyday corporate overhead (like salaries, marketing, and keeping the lights on).
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Net MarginThe final take-home percentage. When you strip away every conceivable cost, tax, and interest payment, this is the exact number of cents the company truly gets to keep from every dollar in sales.
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Free Cash FlowThe holy grail of corporate cash. It's the spendable, physical money left over after the business pays for its daily operations AND buys the big, expensive upgrades (like new factories or servers) it needs to survive. This is the 'free' money they can use to pay dividends or buy back stock.
$-1.1M
-655.5%
-50.3%
FCF MarginThe ultimate cash conversion rate. It shows how good the company is at turning regular sales directly into cold, hard, spendable cash. A high percentage means the business is an absolute cash-printing machine.
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Debt / EquityThe financial risk gauge. It compares how much of the company's empire was built using borrowed money (loans) versus the owners' own money (shareholders). A high number means they are heavily leveraged and playing a riskier game; a low number means they are playing it safe.
0.8%
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-6067.8%
Current RatioThe 12-month survival check. It simply compares the cash they have right now (plus things they can quickly turn into cash) against the immediate bills they absolutely must pay this year. A score above 1 means they have enough in the wallet to cover the upcoming bills without panicking.
0.35x
-91.8%
-64.7%
Total AssetsThe absolute size of the company's empire. It bundles together absolutely everything of value they own—from the cash in the register and the inventory in the warehouse, to the software patents in the vault and the factories on the ground.
