PANTAGES CAPITAL ACQUSITION Business Summary

Pantages Capital Acquisition Corp (PGAC) operates as a special purpose acquisition company (SPAC), or "blank check" entity, designed to facilitate a business combination through a merger, capital stock exchange, or asset acquisition. As a pre-revenue shell company, its primary financial objective is to identify and take public a high-growth target, currently focused on the natural resources and technology sectors. In November 2025, the company entered into a definitive business combination agreement with MacMines Austasia Pty Ltd, a geological exploration and mining firm, in a transaction valuing the target at approximately $180 million. Upon closing, the combined entity is expected to trade under the name Horizon Mining Limited. Within the competitive landscape, PGAC contends for institutional capital and high-quality targets against other mid-market SPACs such as Cantor Equity Partners, Jaws Mustang Acquisition Corp, and Healthcare AI Acquisition Corp, positioning itself as a niche player focused on long-term revenue visibility and defensible market positions. The leadership team is anchored by Chairman and CEO William Walter Snyder, a seasoned executive with extensive experience in capital markets and corporate governance, having previously served in leadership roles at ChampionsGate Acquisition Corporation and other investment vehicles. He is supported by Chief Financial Officer and Director Jia Peng, who oversees the firm’s financial strategy and regulatory compliance. The board of directors includes independent members Stephen Markscheid, Evan Graj, and Peng Siong Wee, providing a mix of international finance and operational expertise. The company is backed by a diverse group of institutional investors, including Karpus Management, Inc., Wolverine Asset Management, and Polar Asset Management Partners, reflecting significant interest from specialized SPAC arbitrage and value-oriented funds.