Company: PGACR
Filing Date: 2025-03-27
Form Type: 10-K
Source: 0001013762-25-002878
Chunk: 376

Company: PANTAGES CAPITAL ACQUSITION Corp
Filing Date: 2025-03-27
Form: 10-K
Item: Item 3
Chunk 376
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 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 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