Company: PGACR
Filing Date: 2025-11-10
Form Type: 10-Q
Source: 0001213900-25-108205
Chunk: 9

Company: PANTAGES CAPITAL ACQUSITION Corp
Filing Date: 2025-11-10
Form: 10-Q
Item: Part I, Item 1
Chunk 9
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 Company or are payable by the Company, if any (less up to $100,000 of interest generated from the funds held in the Trust Account
to pay dissolution expenses) divided by the number of the then-issued and outstanding public shares, which redemption will completely
extinguish public shareholders’ rights as shareholders (including the right to receive further liquidation distributions, if any);
and, and (iii) as promptly as reasonably possible following such redemption, subject to the approval of its remaining shareholders
and its board of directors, liquidate and dissolve, subject in each case to its obligations under Cayman Islands law to provide for claims
of creditors and the requirements of other applicable law. time). The Sponsor and each member of management team have entered into an
agreement with the Company, pursuant to which they have agreed to waive their redemption rights with respect to any founder shares, Class
A ordinary shares underlying the Private Placement Units (the “private shares”), and any public shares held by them in connection
with the completion of the initial business combination and to waive their redemption rights with respect to their founder shares, private
shares, and public shares in connection with a shareholder vote to approve an amendment to the Company’s amended and restated articles
of association (A) to modify the substance or timing of our obligation to allow redemption in connection with the initial business
combination or to redeem 100% of the public shares if the Company does not complete its initial business combination within 15 months
from the closing of this offering (or up to 18 months, if extended) or (B) with respect to any other provision relating to
shareholders’ rights or pre-initial business combination activity.

The
Sponsor has agreed that it will be liable to the Company if and to the extent any claims by a third party for services rendered or products
sold to the Company, or a prospective target business with which the Company has entered into a written letter of intent, confidentiality
or similar agreement or business combination agreement, reduce the amount of funds in the Trust Account to below the lesser of (i) $10.00
per public share and (ii) the actual amount per public share held in the Trust Account as of the date of the liquidation of the
Trust Account, if less than $10.00 per share due to reductions in the value of the trust assets, less taxes payable, provided that such
liability will not apply to any claims by a third party or prospective target business