SCHEDULE: Bank of Montreal Reports Zero Stake in Pantages Capital

Bank of Montreal and its affiliates have filed an amended Schedule 13G, disclosing no beneficial ownership in Pantages Capital Acquisition Corp's Class A ordinary shares as of December 31, 2025.

Summary

• Bank of Montreal, BANK OF MONTREAL HOLDING INC., and BMO NESBITT BURNS INC. filed an Amendment No. 3 to Schedule 13G.
• The filing reports 0.00 shares beneficially owned in Pantages Capital Acquisition Corp's Class A ordinary shares.
• This represents 0% of the class of securities as of the reporting date of December 31, 2025.
• The reporting entities certify that any securities previously held were acquired and held in the ordinary course of business and not for the purpose of changing or influencing control of the issuer.
• A comment accompanying the signature notes that the position was "formerly notified for AIFEEX NEXUS ACQUISITION CORPORATION."

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral disclosure. A Schedule 13G reporting 0% ownership simply indicates that Bank of Montreal and its affiliates do not hold a reportable stake in Pantages Capital Acquisition Corp, which is a factual statement of non-ownership rather than an assessment of the company's performance.

Management Comments

• "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."
• "Position formerly notified for AIFEEX NEXUS ACQUISITION CORPORATION."

Industry Context

StockSavvy.ai notes that Schedule 13G filings are routine disclosures by institutional investors regarding their beneficial ownership. The filing by Bank of Montreal and its affiliates, reporting 0% ownership in Pantages Capital Acquisition Corp, indicates they no longer hold a reportable stake in the company. For a Special Purpose Acquisition Company (SPAC) like Pantages, institutional investor activity is often a signal of market interest, and a major bank group reporting no stake might suggest a lack of current investment, though it does not preclude future involvement. The reference to a position formerly notified for "AIFEEX NEXUS ACQUISITION CORPORATION" suggests a historical reporting context for the Bank of Montreal group, possibly indicating a shift in their SPAC investment focus or a clarification of their holdings across different entities.

Stakeholder Impact

• Shareholders might note the absence of a major institutional investor from the ownership roster, which could be interpreted as a lack of current institutional interest, though this is a disclosure of a past event.

Key Dates

Keywords

Pantages Capital Acquisition Corp, Bank of Montreal, BMO, Schedule 13G, beneficial ownership, Class A ordinary shares, SPAC, G8089R100