Company: PGACR
Filing Date: 2025-03-27
Form Type: 10-K
Source: 0001013762-25-002878
Chunk: 23

Company: PANTAGES CAPITAL ACQUSITION Corp
Filing Date: 2025-03-27
Form: 10-K
Item: Item 1
Chunk 23
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 on the Company’s financial statements.

Management
does not believe that any recently issued, but not effective, accounting standards, if currently adopted, would have a material effect
on the Company’s financial statements.

14

Item
7A. Quantitative and Qualitative Disclosures About Market Risk

Not
applicable.

Item
8. Financial Statements and Supplementary Data.

Reference
is made to Pages F-1 through F-17 comprising a portion of this Annual Report on Form 10-K.

Item
9. Changes in and Disagreements With Accountants on Accounting and Financial Disclosure.

Not
applicable.

Item
9A. Controls and Procedures.

Evaluation
of Disclosure Controls and Procedures

Disclosure
controls are procedures that are designed with the objective of ensuring that information required to be disclosed in our reports filed
under the Securities Exchange Act of 1934, as amended (the “Exchange Act”(, such as this Report, is recorded, processed, summarized,
and reported within the time period specified in the SEC’s rules and forms. Disclosure controls are also designed with the objective
of ensuring that such information is accumulated and communicated to our management, including the chief executive officer and chief financial
officer, as appropriate to allow timely decisions regarding required disclosure. Our management evaluated, with the participation of our
current chief executive officer and chief financial officer (our “Certifying Officers”), the effectiveness of our disclosure
controls and procedures as of December 31, 2024, pursuant to Rule 13a-15(b) under the Exchange Act. Based on the foregoing as well as
the material weakness identified below regarding our internal controls over financial reporting, our Certifying Officers concluded that
our disclosure controls and procedures were not effective as of the end of the period covered by this Report. 

We
do not expect that our disclosure controls and procedures will prevent all errors and all instances of fraud. Disclosure controls and
procedures, no matter how well conceived and operated, can provide only reasonable, not absolute, assurance that the objectives of the
disclosure controls and procedures are met. Further, the design of disclosure controls and procedures must reflect the fact that there
are resource constraints, and the benefits must be considered relative to their costs. Because of the inherent limitations in all disclosure
controls and procedures, no evaluation of disclosure controls and procedures can provide absolute assurance that we have detected all
our control deficiencies and instances of fraud, if any. The design of disclosure controls and procedures also is based partly on certain
assum