Berkley reports 9.9% stake in Pantages Capital

Rhea-AI Filing Summary

W.R. Berkley Corporation amended its Schedule 13G to report beneficial ownership of 874,411 Class A ordinary shares of Pantages Capital Acquisition Corporation, representing 9.9% of the class. The filing shows shared voting and dispositive power over these shares and lists affiliated entity Berkley Insurance Company.

Insights

Corporate Governance Specialist

Filing clarifies a near-10% passive stake and shared control.

The amendment reports 874,411 shares (9.9%) with shared voting and shared dispositive power. This indicates consolidated reporting of an affiliated group rather than an individual discretionary trading decision.

Watch subsequent filings for any change in ownership or Schedule 13D conversion that would signal active strategic intent; timing not stated in the excerpt.

Investor Relations Analyst

Administrative ownership disclosure, likely passive.

The amendment lists the issuer CUSIP G8089R100 and identifies the reporting entities and addresses, supporting traceability for investors and registrars. It attributes shared powers to Berkley Insurance Company.

Further activity would appear in later filings; this amendment itself is a routine ownership update.

Key Figures

Beneficial ownership: 874,411 shares Percent of class: 9.9% CUSIP: G8089R100 +2 more

5 metrics

Beneficial ownership 874,411 shares Class A ordinary shares of Pantages Capital Acquisition Corporation

Percent of class 9.9% Percentage of Class A ordinary shares reported

CUSIP G8089R100 Identifier for Class A ordinary shares

Filing signatory date 05/07/2026 Signature date on the Schedule 13G/A amendment

Reported voting power 874,411 shared voting power Shared power to vote or direct the vote

Key Terms

Schedule 13G/A, beneficial ownership, shared dispositive power, CUSIP

4 terms

Schedule 13G/A regulatory

"Amendment No. 1 / Schedule 13G/A reporting beneficial ownership"

A Schedule 13G/A is an amended public filing with the U.S. securities regulator that updates a previous Schedule 13G, disclosing when an individual or group holds a substantial (typically over 5%) stake in a company and is claiming a passive, non‑controlling intent. Investors monitor these updates because rising or falling holdings can signal changing confidence, potential future moves, or shifts in voting power — like watching a public ledger where large shareholders quietly adjust their positions.

beneficial ownership financial

"Amount beneficially owned: 874,411 (b) Percent of class: 9.9 %"

Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.

shared dispositive power financial

"Shared Dispositive Power 874,411.00"

CUSIP technical

"CUSIP No.: G8089R100"

A CUSIP is a nine-character alphanumeric code that uniquely identifies a U.S. or Canadian financial security—such as a stock, bond, or fund share—like a Social Security number for an investment. It matters to investors because brokers, exchanges and record-keepers use the CUSIP to match trades, track ownership, settle transactions and pull accurate records, reducing errors and ensuring money and securities go to the right place.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What stake does W.R. Berkley Corporation hold in Pantages Capital (PGAC)?

W.R. Berkley Corporation reports beneficial ownership of 874,411 Class A shares, equal to 9.9% of the class. The filing lists shared voting and dispositive power over these shares and names Berkley Insurance Company as an affiliated holder.

Does this Schedule 13G/A filing signal active control of PGAC by Berkley?

The amendment reports shared voting and dispositive power but is a Schedule 13G/A (passive disclosure). It reflects an ownership stake near 9.9%, not an explicit move to exercise control; no Schedule 13D conversion is disclosed in the excerpt.

Which entity within the Berkley group is identified as holding the shares?

The filing names W.R. Berkley Corporation as the filer and lists Berkley Insurance Company as an affiliated entity holding shared powers over the 874,411 shares. Addresses and officer signatures are provided in the amendment.

What class of PGAC shares are reported and how are they described?

The disclosure covers Class A ordinary shares, par value $0.0001 per share, identified by CUSIP G8089R100. The amount reported is 874,411 shares, representing 9.9% of that class.

Who signed the Schedule 13G/A amendment for Berkley and when?

The amendment is signed by Richard M. Baio in his corporate roles (Executive Vice President and Chief Financial Officer; Executive Vice President and Treasurer), dated 05/07/2026 on the filing.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 05/08/2026 - 09:19 AM Learn about SEC filing dates

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 1)

PANTAGES CAPITAL ACQUISITION CORPORATION

(Name of Issuer)

Class A ordinary shares, par value $0.0001 per share

(Title of Class of Securities)

G8089R100

(CUSIP Number)

03/31/2026

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

schemaVersion:

SCHEDULE 13G

CUSIP Number(s): G8089R100

1

Names of Reporting Persons

W.R. Berkley Corporation

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 874,411.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 874,411.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

874,411.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

9.9 %

12

Type of Reporting Person (See Instructions)

CO

SCHEDULE 13G

CUSIP Number(s): G8089R100

1

Names of Reporting Persons

Berkley Insurance Company

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 874,411.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 874,411.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

874,411.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

9.9 %

12

Type of Reporting Person (See Instructions)

CO, IC

SCHEDULE 13G

Item 1.
(a)	Name of issuer: PANTAGES CAPITAL ACQUISITION CORPORATION
(b)	Address of issuer's principal executive offices: 221 W 9th St, #859, Wilmington, Delaware, 19801
Item 2.
(a)	Name of person filing: W. R. Berkley Corporation
(b)	Address or principal business office or, if none, residence: 475 Steamboat Road Greenwich, CT 06830
(c)	Citizenship: US
(d)	Title of class of securities: Class A ordinary shares, par value $0.0001 per share
(e)	CUSIP No.: G8089R100
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 874,411
(b)	Percent of class: 9.9 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 0
	(ii) Shared power to vote or to direct the vote: 874,411
	(iii) Sole power to dispose or to direct the disposition of: 0
	(iv) Shared power to dispose or to direct the disposition of: 874,411
Item 5.	Ownership of 5 Percent or Less of a Class.
	Not Applicable
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	If a parent holding company has filed this schedule, pursuant to Rule 13d-1(b)(ii)(G), so indicate under Item 3(g) and attach an exhibit stating the identity and the Item 3 classification of the relevant subsidiary. If a parent holding company has filed this schedule pursuant to Rule 13d-1(c) or Rule 13d-1(d), attach an exhibit stating the identification of the relevant subsidiary. See Exhibit 99.1
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

W.R. Berkley Corporation

Signature:	/s/ Richard M. Baio
Name/Title:	Richard M. Baio/Executive Vice President and Chief Financial Officer
Date:	05/07/2026

Berkley Insurance Company

Signature:	/s/ Richard M. Baio
Name/Title:	Richard M. Baio/Executive Vice President and Treasurer
Date:	05/07/2026