Company: PGACR
Filing Date: 2025-11-10
Form Type: 10-Q
Source: 0001213900-25-108205
Chunk: 8

Company: PANTAGES CAPITAL ACQUSITION Corp
Filing Date: 2025-11-10
Form: 10-Q
Item: Part I, Item 1
Chunk 8
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’ rights or pre-initial business combination activity; and (iii) the
redemption of all of public shares if the company are unable to complete their initial business combination by the Combination Deadline,
subject to applicable law. In no other circumstances will a public shareholder have any right or interest of any kind to or in the trust
account. The proceeds deposited in the Trust Account could become subject to the claims of the Company’s creditors, if any, which
could have priority over the claims of the public shareholders.

The
Company will have until March 6, 2026 (or 15 months from the consummation of the IPO) to consummate the initial business combination,
or up to June 6, 2026 (or 18 months from the consummation of the IPO) if it has executed a letter of intent, agreement in principle or
definitive agreement for an initial business combination before March 6, 2026. The applicable deadline to consummate the initial business
combination in each case, March 6, 2026 or June 6, 2026, is referred as the “Combination Deadline”.

The
Company will provide its public shareholders with the opportunity to redeem all or a portion of their public shares upon the completion
of the initial business combination either (i) in connection with a shareholder meeting called to approve the initial business combination
or (ii) by means of a tender offer.

The
ordinary shares subject to redemption will be accredited to the redemption value and classified as temporary equity upon the completion
of the IPO, in accordance with Accounting Standards Codification (“ASC”) Topic 480 “Distinguishing Liabilities
from Equity.” The Company has determined not to consummate any initial business combination unless the Company has net tangible
assets of at least $5,000,001 upon such consummation in order to avoid being subject to Rule 419 promulgated under the Securities
Act.

If
the Company does not complete its initial business combination by the Combination Deadline, the Company will: (i) cease all operations
except for the purpose of winding up, (ii) as promptly as reasonably possible but no more than ten business days thereafter,
redeem the public shares, at a per-share price, payable in cash, equal to the aggregate amount then on deposit in the Trust Account,
including interest earned on the funds held in the Trust Account and not previously released to the Company to pay taxes that were paid
by the