SCHEDULE 13G/A: Karpus Management Boosts Stake in Pantages Capital to 8.05%

Karpus Management, Inc. has reported an 8.05% beneficial ownership stake in Pantages Capital Acquisition Corp., holding 887,400 common shares as of September 30, 2025.

Summary

• Karpus Management, Inc., operating as Karpus Investment Management, has filed an Amendment No. 2 to Schedule 13G regarding its beneficial ownership in Pantages Capital Acquisition Corp.
• The filing indicates Karpus Management, Inc. beneficially owns 887,400 common shares of Pantages Capital Acquisition Corp.
• This ownership stake represents 8.05% of the issuer's common stock.
• Karpus Management, Inc. holds sole voting power and sole dispositive power over all 887,400 shares.
• The shares are held directly by accounts managed by Karpus, which is a registered investment adviser.
• Karpus is controlled by City of London Investment Group plc (CLIG), but maintains effective informational barriers, meaning beneficial ownership is not attributed to CLIG.

Sentiment

Score: 5

Explanation: This is a neutral, factual filing reporting an ownership stake. It doesn't inherently convey positive or negative sentiment about the issuer's performance, only the reporting person's investment decision.

Positives

• Karpus Management, Inc. holds a significant 8.05% beneficial ownership in Pantages Capital Acquisition Corp., which may signal institutional confidence in the company.
• The reporting person certifies that the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of the issuer, suggesting a stable, long-term investment intent.

Negatives

• No specific negative information regarding Pantages Capital Acquisition Corp. is disclosed in this ownership filing.

Risks

• No specific risks related to Pantages Capital Acquisition Corp. are detailed in this beneficial ownership disclosure.

Future Outlook

NA

Management Comments

• Karpus Management, Inc. certifies that, to the best of its knowledge and belief, the securities 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.

Industry Context

NA

Stakeholder Impact

• Shareholders: The disclosure of a significant institutional ownership stake by Karpus Management, Inc. could be viewed positively by other shareholders, signaling institutional confidence in Pantages Capital Acquisition Corp.

Key Dates

Keywords

Pantages Capital Acquisition Corp, Karpus Management Inc, Schedule 13G, Beneficial Ownership, Investment Adviser, Common Stock, SEC Filing, Institutional Ownership