Company: PGACR
Filing Date: 2025-11-10
Form Type: 10-Q
Source: 0001213900-25-108205
Chunk: 52

Company: PANTAGES CAPITAL ACQUSITION Corp
Filing Date: 2025-11-10
Form: 10-Q
Item: Part I, Item 8
Chunk 52
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 that at least $10.00 per Unit sold in the IPO will be held into a U.S.-based trust account
(“Trust Account”). The funds held in the Trust Account will be invested only in U.S. government treasury bills with
a maturity of 185 days or less, or in money market funds meeting the applicable conditions of Rule 2a-7 promulgated under the
Investment Company Act that invest solely in direct U.S. government treasury. Except with respect to dividend and/or interest earned
on the funds held in the Trust Account that may be released to the Company to pay the Company’s tax obligation, if any, the proceeds
from the IPO and the sale of the Private Placement Units that are deposited and held in the Trust Account will not be released from
the Trust Account until the earliest to occur of (i) the completion of the Company’s initial business combination; (ii) the
redemption of any public shares properly tendered in connection with a shareholder vote to amend the company’s memorandum and articles
of association effective at the time to (A) modify the substance or timing of obligation to redeem 100% of the Company’s public
shares if the Company does not complete the Company’s initial business by the Combination Deadline (as defined below) or (B) with
respect to any other provision relating to shareholders’ rights or pre-initial business combination activity; and (iii) the
redemption of all of public shares if the company are unable to complete their initial business 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