Company: PGACR
Filing Date: 2025-02-04
Form Type: PRE 14A
Source: 0001213900-25-009651
Chunk: 30

Company: PANTAGES CAPITAL ACQUSITION Corp
Filing Date: 2025-02-04
Form: PRE 14A
Chunk 30
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 by the trustee only in U.S. government securities, within the meaning set forth in Section 2(a)(16) of the Investment Company Act, with a maturity of 185 days or less, or in money market funds meeting certain conditions under Rule 2a -7under the Investment Company Act which invest only in direct U.S. government treasury obligations. As of February 10, 2025, funds held in the Trust Account totaled approximately $[ ] million, and were held in U.S. Treasury Bills with a maturity of 185 days or less and in money market funds which invest in U.S. Treasury securities. Reason for the Name Change Proposal The purpose of the name change proposal is to amend the name of the Company. The Company proposes to effect the name change so that our corporate profile is more in line with current global trends and better represents the Company and management. Other than the name change, there is no change to our business, including without limitation, our insider and management, business strategy and acquisition criteria and effecting a business combination. In addition, the sponsor has agreed to loan the expenses in connection with the name change, as a result of which we do not expect any impact on the use of our current working capital. If the Name Change Proposal is approved, the Company will submit a request to the Nasdaq Capital Market LLC to apply to change its ticker symbols for the Units, Class A ordinary shares and rights listed on the Nasdaq Global Market, from “SPHAU”, “SPHA” and “SPHAR”, in each case, to “AFXU”, “AFX” and “AFXR”. Shareholders will not be required to exchange outstanding share certificates for new share certificates if the Name Change Proposal is adopted. If the Name Change Proposal is approved, the name change will be reflected in the Amended and Restated Memorandum of Association and Articles of Association, which form is attached to the proxy statement as Annex A. Vote Required for Approval Approval of the Name Change Proposal requires a special resolution under Cayman Islands law, being the affirmative vote of the holders of a majority of at least two -thirdsof the issued and outstanding ordinary shares, who, being present and entitled to vote at the Extraordinary General Meeting, vote at the Extraordinary General Meeting. Abstentions will be counted in connection with the determination of whether a valid quorum is established but will have no effect on any of the proposals. We believe the proposal constitutes a “non -discretionary” matter, and therefore, there