Company: PGACR
Filing Date: 2025-03-27
Form Type: 10-K
Source: 0001013762-25-002878
Chunk: 102

Company: PANTAGES CAPITAL ACQUSITION Corp
Filing Date: 2025-03-27
Form: 10-K
Item: Item 1A
Chunk 102
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220,000  
     2.0%
  
    Principal shareholders (5%+) 

    Aitefund Sponsor LLC (our sponsor) 
     2,180,500(4) 
     19.8%
  
    Carmelo Caschetto 
     2,180,500(4) 
     19.8%

    *
    Less
    than one percent.

    (1)
    Unless
    otherwise indicated, the business address of each of the individuals is c/o Aifeex Nexus Acquisition Corporation, at 221 W 9th St
    #859, Wilmington, DE 19801.

    (2)
    On June 14, 2024, our CEO, Mr. William W. Snyder, acquired 100,000
founder shares for a purchase price of $1,449 or approximately $0.014 per share, and our CFO, Ms. Jia Peng, acquired 60,000 founder shares
for a purchase price of $870, or approximately $0.014 per share.

    (3)
    On
    December 4, 2024, our sponsor entered into a securities transfer agreement pursuant to which the sponsor agrees to transfer 20,000
    founder shares to each of our independent directors.

    (4)
    Mr.
    Carmelo Caschetto is the sole member and sole manager of Aitefund Sponsor LLC, our sponsor, which entitles him to have voting, dispositive
    or investment powers over the sponsor. Thus, he is deemed to have beneficial ownership of the shares held by the sponsor.

23

As of the date hereof, our initial shareholders beneficially owned
approximately 20% of issued and outstanding ordinary shares and have the right to appoint all of our directors prior to our initial business
combination. Holders of our Public Shares will not have the right to appoint any directors to our board of directors prior to our initial
business combination. Because of this ownership block, our sponsor may be able to effectively influence the outcome of all other matters
requiring approval by our shareholders, including amendments to our memorandum and articles of association effective at the time and approval
of significant corporate transactions including our initial business combination.

Our sponsor has agreed (a) to vote any founder shares and Public Shares
held by it in favor of any proposed initial business combination and (b) not to redeem any founder shares or Public Shares held by it
in connection with a shareholder vote to approve a proposed