Company: PGACR
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001213900-25-075873
Chunk: 19

Company: PANTAGES CAPITAL ACQUSITION Corp
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 1
Chunk 19
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itles the holder thereof
to receive one-fifth of one Class A ordinary share upon completion of the Company’s initial business combination. The Company
will not issue fractional shares. As a result, the holder must hold rights in multiples of 5 in order to receive shares for all of their
rights upon closing of an initial business combination.

Note 4 — Private Placement

Simultaneously
with the closing of the IPO, the Sponsor purchased an aggregate of 244,250 Units at a price of $10.00 per Unit for an
aggregate purchase price of $2,442,500 in the Private Placement. Each Private Placement Units was identical to the Units sold in
the IPO, except that it will not be redeemable, transferable, assignable or salable by the Sponsor until the completion of its initial
business combination (except to certain permitted transferees).

Note 5 — Related Party
Transactions

Founder shares

On June 14, 2024, the Company’s CEO,
Mr. William W. Snyder, the Company’s CFO, Ms. Jia Peng, and the sponsor, Aitefund Sponsor LLC, acquired an aggregate of
1,725,000 shares of Class B ordinary shares of a par value of $0.0001 for an aggregate purchase price of $25,000 (the “founder
shares”) from the Company, of which: (i) the CEO acquired 100,000 founder shares for a purchase price of $1,449 or approximately
$0.014 per share; (ii) the CFO acquired 60,000 founder shares for a purchase price of $870, or approximately $0.014 per share;
and (iii) the Sponsor acquired 1,565,000 founder shares for a purchase price of $22,681, or approximately $0.014 per
share. On July 9, 2024, the Company issued an additional 431,250 Class B ordinary shares to the Sponsor, at par value, for the
purchase price of $43. In total, an aggregate 2,156,250 Class B ordinary shares were issued to the Sponsor and executives, at a per-share
price of approximately $0.012 per share, including an aggregate of up to 281,250 Class B ordinary shares subject to forfeiture if the
over-allotment option is not exercised in full or