Company: PGACR
Filing Date: 2025-03-27
Form Type: 10-K
Source: 0001013762-25-002878
Chunk: 6

Company: PANTAGES CAPITAL ACQUSITION Corp
Filing Date: 2025-03-27
Form: 10-K
Item: Item 1
Chunk 6
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 but not more than ten (10) business days thereafter, redeem 100% of our issued
and outstanding public shares for a pro rata portion of the funds held in the trust account, including a pro rata portion of any interest
earned on the funds held in the trust account and not previously released to us or necessary to pay our taxes (less up to $100,000 of
interest generated from the funds held in the trust account released to us to pay dissolution expenses), and then seek to liquidate and
dissolve. However, we may not be able to distribute such amounts as a result of claims of creditors which may take priority over the claims
of our public shareholders.

We have not selected any
specific initial business combination target but intend to target businesses with enterprise values that are greater than we could acquire
with the net proceeds of this offering and the sale of the Private Placement Units. As a result, if the cash portion of the purchase price
exceeds the amount available from the trust account, net of amounts needed to satisfy any redemption by public shareholders, we may be
required to seek additional financing to complete such proposed initial business combination. We cannot assure you that such financing
will be available on acceptable terms, if at all. To the extent that additional financing proves to be unavailable when needed to complete
our initial business combination, we would be compelled to either restructure the transaction or abandon that particular initial business
combination and seek an alternative target business candidate. Further, we may be required to obtain additional financing in connection
with the closing of our initial business combination for general corporate purposes, including for maintenance or expansion of operations
of the post-transaction businesses, the payment of principal or interest due on indebtedness incurred in completing our initial business
combination, or to fund the purchase of other companies. If we are unable to complete our initial business combination, our public shareholders
may only receive their pro rata portion of the funds in the trust account that are available for distribution to public shareholders,
and our rights will expire worthless. In addition, even if we do not need additional financing to complete our initial business combination,
we may require such financing to fund the operations or growth of the target business. The failure to secure additional financing could
have a material adverse effect on the continued development or growth of the target business. None of our officers, directors or shareholders
is required to provide any financing to us in connection with or after our initial business combination. Raising additional third-party
fin