Company: PGACR
Filing Date: 2025-03-27
Form Type: 10-K
Source: 0001013762-25-002878
Chunk: 1183

Company: PANTAGES CAPITAL ACQUSITION Corp
Filing Date: 2025-03-27
Form: 10-K
Item: Item 14
Chunk 1183
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, may exceed the Federal Depository Insurance Coverage (“FDIC”) of $250,000. As of December 31, 2024, $283,006
was over the FDIC limit. The Company has not experienced losses on these accounts.

Offering Costs

The Company complies with the requirements of
Accounting Standards Codification (“ASC”) 340-10-S99-1 and SEC Staff Accounting Bulletin (“SAB”) Topic 5A — Expenses
of Offering. Deferred offering costs consist of underwriting, legal, and other expenses incurred through the balance sheet date that
are directly related to the IPO and were charged to shareholders’ equity upon the completion of the IPO. 

F-10

Net Loss Per Share

The Company complies with accounting
and disclosure requirements of FASB ASC 260, “Earnings Per Share”. Net loss per ordinary share is computed by dividing net
loss by the weighted average number of ordinary shares outstanding for the period. Remeasurement of carrying value to redemption value
of redeemable ordinary shares is excluded from loss per share as the redemption value approximates fair value. As of December 31, 2024,
the Company has not considered the effect of the Rights included in the IPO and Private Placement Units in the calculation of diluted
net loss per share, since the conversion of the Rights is contingent upon the occurrence of future events and the inclusion of such Rights
would be anti-dilutive and the Company did not have any other dilutive securities and other contracts that could, potentially, be exercised
or converted into ordinary shares and then share in the earnings of the Company. As a result, diluted loss per share is the same as basic
loss per share for the period presented.

    For The Period From  May 31, 2024 (Inception) Through  December 31, 2024 

    Non-Redeemable 

    Redeemable Class A  
    Class A and Class B 

    Ordinary Shares  
    Ordinary Shares 
  
    Basic and diluted net loss per ordinary share: 

    Numerators: 

    Allocation of net loss 
    $(29,198) 
    $(56,113)
  
    Denominators: 

    Basic and diluted weighted average shares outstanding 
     1,007,593  
     1,936,390 
  
    Basic and diluted net loss per ordinary share 
    $(0.03)