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PANTAGES CAPITAL ACQUISITION Corp

For the period ended Mar 31, 2025. Filed May 15, 2025.

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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Mar 31, 2025 · Filed May 15, 2025

PGAC$10.83+0.1%Stored close · as of Nov 5, 2026
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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q

☒ QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended March 31,2025

☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from _________to __________

Commission File Number 001-42425

AIFEEX NEXUS ACQUISITION CORPORATION

(Exact name of registrant as specified in its charter)

Cayman IslandsN/A
(State or other jurisdiction of incorporation or organization)(I.R.S. Employer Identification Number)

221 W 9th St, #859

Wilmington, Delaware 19801

(Address of principal executive offices and zip code)

302-235-3848

(Registrant’s telephone number, including area code)

(Former name, former address and former fiscal year, if changed since last report)

Securities registered pursuant to Section 12(b) of the Act:

Title of each classTrading SymbolName of each exchange on which registered
Units, consisting of one Class A ordinary share, $0.0001 par value, and one Right to acquire one-fifth of one Class A ordinary shareAIFEUThe Nasdaq Stock Market LLC
Class A ordinary shares, par value $0.0001 per shareAIFEThe Nasdaq Stock Market LLC
Rights, each whole right to acquire one-fifth of one Class A ordinary shareAIFERThe Nasdaq Stock Market LLC

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes☐ No ☒

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (Section 232.405 of this chapter) during the preceding 12 months (or such shorter period that the registrant was required to submit such files). Yes ☒ No☐

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act:

Large accelerated filer☐Accelerated filer☐
Non-accelerated filer☒Smaller reporting company☒
Emerging growth company☒

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes☒ No☐

As of May 15, 2025, there were 8,869,250 of the registrant’s Class A ordinary shares, par value $0.0001 per share, and 2,156,250 of the registrant’s Class B ordinary shares, par value $0.0001 per share, issued and outstanding.

Aifeex Nexus Acquisition Corporation

TABLE OF CONTENTS

PART I – FINANCIAL INFORMATION1
Item 1. FINANCIAL STATEMENTS (UNAUDITED)1
Balance Sheets as of March 31, 2025 and December 31, 2024 (Unaudited)1
Statement of Operations for the Three Months ended March 31, 2025 (Unaudited)2
Statement of Changes in Shareholders’ Deficit for the Three Months ended March 31, 2025 (Unaudited)3
Statement of Cash Flows for the Three Months ended March 31, 2025 (Unaudited)4
Notes to Unaudited Financial Statements5
Item 2. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS16
Item 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK20
Item 4. CONTROLS AND PROCEDURES20
PART II – OTHER INFORMATION21
Item 1. LEGAL PROCEEDINGS21
Item 1A. RISK FACTORS21
Item 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS FROM REGISTERED SECURITIES21
Item 3. DEFAULTS UPON SENIOR SECURITIES21
Item 4. MINE SAFETY DISCLOSURES21
Item 5. OTHER INFORMATION21
Item 6. EXHIBITS22
SIGNATURES23

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