Here are the 10-K annual reports from Pantages Capital Acquisition Corporation (PGAC) in our archive since June 2025, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-K covers the audited annual report, with the full financial statements, so if you follow PGAC and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full PGAC filings page.
Pantages Capital Acquisition Corporation filed an amendment to its Annual Report on Form 10-K for the year ended December 31, 2025. The amendment is limited to updating the CEO and CFO Section 302 certifications to restore required language about internal control over financial reporting that was inadvertently omitted.
The company did not change any financial statements or other disclosures from the original filing. As of March 2, 2026, it had 8,869,250 Class A ordinary shares and 2,156,250 Class B ordinary shares issued and outstanding. The amendment should be read together with the original report.
Pantages Capital Acquisition Corporation, a Cayman Islands SPAC, files its annual report describing its blank-check structure, 2025 results, and a pending mining-sector business combination. The company raised $86,250,000 in its IPO of 8,625,000 units and $2,442,500 through 244,250 private units, all deposited in a U.S. trust account invested in short-term Treasuries.
The SPAC has no operations and reported 2025 net income of $2,547,952, driven by $3,565,599 of interest and dividend income on trust investments, partially offset by $1,017,647 of formation and operating costs. As of December 31, 2025, it had cash of $187,778 outside the trust and a working capital deficit of $516,767, supported by $713,500 of related-party working capital loans.
In November 2025, the company signed a Business Combination Agreement with MacMines Austasia Pty Ltd, involving a reorganization under a new Cayman holding company, Horizon Mining Limited. Execution of this agreement extended the deadline to complete its initial business combination to June 6, 2026. Public shareholders will have redemption rights at a price initially anticipated to be $10.00 per public share.
The report notes a material weakness in internal control over financial reporting, citing limited personnel and insufficient written policies, though management believes the financial statements are fairly presented and plans remediation. The company identifies minimal cybersecurity risk given its lack of operations and confirms no material legal proceedings.