Item 5. Market for Registrant’s Common Equity
Item 5. Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities.
Market
Information
Our
securities, Class A ordinary shares, and warrants are listed on Nasdaq under the symbols “PACHU”, “PACH”, and
“PACHW”, respectively.
Holders
As
of December 31, 2025, there were seven holders of record of our securities, one holder of record of our Class A ordinary shares,
one holder of record of our Class B ordinary shares, one holder of record of our public warrants and three holders of
record of our private placement warrants The number of holders of record does not include a substantially greater number of “street
name” holders or beneficial holders whose units, Class A ordinary shares and public warrants are held of record by banks, brokers
and other financial institutions.
Dividends
We
have not paid any cash dividends on our ordinary shares to date and do not intend to pay cash dividends prior to the completion of an
initial business combination. The payment of cash dividends in the future will be dependent upon our revenues and earnings, if any, capital
requirements and general financial conditions subsequent to completion of an initial business combination. The payment of any cash dividends
subsequent to an initial business combination will be within the discretion of our board of directors at such time. If we incur any indebtedness,
our ability to declare dividends may be limited by restrictive covenants we may agree to in connection therewith.
Securities
Authorized for Issuance under Equity Compensation Plans
None.
Recent
Sales of Unregistered Securities; Use of Proceeds from Registered Offerings
On
June 20, 2025, we consummated our initial public offering of 25,300,000 units, including the full exercise by the underwriters of their
over-allotment option in the amount of 3,300,000 units, at $10.00 per unit, generating gross proceeds of $253,000,000. Simultaneously
with the consummation of the IPO and the sale of the units, we consummated the private placement of 6,400,000 warrants. In this private
placement, the sponsor purchased 4,200,000 warrants, while Cantor Fitzgerald & Co. and Odeon Capital Group LLC purchased 2,200,000
warrants, all at a price of $1.00 per private placement warrant, generating total proceeds of $6,400,000. The private placement warrants
are identical to the warrants sold in the IPO.
Following
the closing of our IPO, a total of $253,000,000 comprised of the proceeds from the initial public offering (which amount includes $3,300,000
of the underwriters’ deferred discount) and the Private Placement, was placed in a U.S.-based trust account maintained by Continental,
acting as trustee. The proceeds held in the trust account may be invested by the trustee only in U.S. government securities with a maturity
of 185 days or less or in money market funds investing solely in U.S. government treasury obligations and meeting certain conditions under
Rule 2a-7 under the Investment Company Act. The specific investments in our trust account may change from time to time.
Other
than as described above, there has been no material change in the planned use of the proceeds from our IPO and the Private Placement as
is described in our final prospectus related to our IPO.
Item 6. [Reserved]
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