Company: PGACR
Filing Date: 2025-03-27
Form Type: 10-K
Source: 0001013762-25-002878
Chunk: 554

Company: PANTAGES CAPITAL ACQUSITION Corp
Filing Date: 2025-03-27
Form: 10-K
Item: Item 6
Chunk 554
---
 Private
Placement Units sold in the Private Placement. The terms of such loans by our sponsor or its affiliates, if any, have not been determined
and no written agreements exist with respect to such loans. We do not expect to seek loans from parties other than our insiders or an
affiliate of our insiders as we do not believe third parties will be willing to loan such funds and provide a waiver against any and all
rights to seek access to funds in our trust account, but if we do, we will request such lender to provide a waiver against any and all
rights to seek access to funds in our trust account.

After
our initial business combination, members of our management team who remain with us may be paid consulting, management or other fees
from the combined company with any and all amounts being fully disclosed to our shareholders, to the extent then known, in the tender
offer or proxy solicitation materials, as applicable, furnished to our shareholders. It is unlikely the amount of such compensation will
be known at the time of distribution of such tender offer materials or at the time of a shareholder meeting held to consider our initial
business combination, as applicable, as it will be up to the directors of the post-combination business to determine executive and
director compensation.

On June 14, 2024, our sponsor had agreed to loan us an aggregate of
up to $500,000 to be used to pay formation expenses and a portion of the expenses of this offering. Immediately before the IPO, we had
borrowed $295,019 under the loan. The loan was payable without interest on the earlier of (i) December 31, 2024 and (ii) date on which
we consummate our initial public offering. We intended to repay this loan from the proceeds of this offering not being placed in the Trust
Account. If we determined not to proceed with the offering, such amounts would not be repaid. The loan was repaid in full on December
6, 2024, from the proceeds of the offering not being placed in the trust account.

25

Offer
Letters With Management

We have offered to and our Chairman and CEO has accepted an offer letter,
dated June 14, 2024, which provides that Mr. Snyder shall receive a monthly cash compensation of $7,500 among from the
date of the offer letter until the earlier of (i) the termination of the offer letter; (ii) the date that the Company consummates