Welcome to our dedicated page for PANTAGES CAPITAL news (Ticker: PGAC), a resource for investors and traders seeking the latest updates and insights on PANTAGES CAPITAL stock.
Pantages Capital Acquisition Corporation (NASDAQ: PGAC) is a Cayman Islands exempted special purpose acquisition company, or blank check company, formed to complete a business combination with one or more businesses. Its public disclosures and press releases provide detailed information on its efforts to execute such a transaction and the regulatory steps involved.
The most significant recent development for Pantages is its announced business combination with MacMines Austasia Pty Ltd, a geological exploration and mining company, and newly formed entities Horizon Mining Limited, Horizon Merger 1 Limited, and Horizon Mining SPV Pty Ltd. A joint press release and related Form 8-K filings describe a definitive Business Combination Agreement under which Horizon Merger 1 Limited will merge with and into Pantages, with Pantages surviving as a wholly owned subsidiary of Horizon Mining Limited.
News related to PGAC often centers on milestones in this proposed transaction, including the signing of the Merger Agreement, the structure of the merger and share exchanges, lock-up and support agreements with MacMines and the Pantages sponsor, and the planned registration statement on Form F-4 that will include a proxy statement/prospectus for Pantages shareholders. Updates may also cover conditions to closing, such as shareholder approvals, regulatory and stock exchange reviews, and any amendments or potential termination rights under the Merger Agreement.
Investors following PGAC news can review press releases and Regulation FD disclosures that summarize the transaction terms, governance arrangements, and anticipated listing of the combined company’s shares on a Nasdaq market, subject to approval. This news flow provides context on how Pantages is progressing from a blank check company toward a potential combination with a mining-focused business through the Horizon Mining structure.
Pantages Capital Acquisition Corporation (NASDAQ:PGAC) entered a definitive business combination agreement with MacMines Austasia Pty Ltd to form Horizon Mining, with newly formed Horizon entities as the Target. The transaction values the Target at USD $180 million. Upon closing, Pantages and Target will be subsidiaries of Horizon Mining and shares of the combined company are expected to trade on the Nasdaq Capital Market or Nasdaq Global Market, subject to stock exchange approval.
Existing Pantages public shareholders who do not redeem will rollover 100% of their Class A ordinary shares into the combined company; Pantages shareholders and management will receive no cash proceeds. The deal is unanimously approved by both boards and remains subject to customary closing conditions and shareholder approvals.
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