Company: PGACR
Filing Date: 2025-03-27
Form Type: 10-K
Source: 0001013762-25-002878
Chunk: 494

Company: PANTAGES CAPITAL ACQUSITION Corp
Filing Date: 2025-03-27
Form: 10-K
Item: Item 5
Chunk 494
---
 director or executive officer to participate
in the discussion of, or decision concerning, a related person transaction in which he or she is the related party.

Director
Independence

Nasdaq requires that a majority
of our board must be composed of “independent directors.” Currently, Mr. Graj, Mr. Markscheid, and Mr. Wee
would each be considered an “independent director” under the Nasdaq listing rules, which is defined generally as a person
other than an officer or employee of the company or its subsidiaries or any other individual having a relationship, which, in the opinion
of the company’s board of directors would interfere with the director’s exercise of independent judgment in carrying out the
responsibilities of a director. Our independent directors will have regularly scheduled meetings at which only independent directors are
present.

We will only enter into a
business combination if it is approved by a majority of our independent directors. Additionally, we will only enter into transactions
with our officers and directors and their respective affiliates that are on terms no less favorable to us than could be obtained from
independent parties. Any related-party transactions must also be approved by our audit committee and a majority of disinterested
independent directors.

26

Item
14. Principal Accountant Fees and Services.

Public
Accounting Fees

The
following chart sets forth public accounting fees in connection with services rendered by MaloneBailey, LLP for the period from inception
to December 31, 2024.

MaloneBailey,
LLP

    2024 
  
    Audit and Audit-Related Fees 
    $145,000 
  
    Tax Fees 
     - 
  
    All Other Fees 
     - 

Audit
fees were for professional services rendered by MaloneBailey, LLP for the audit of our annual financial statements, and services that
are normally provided by MaloneBailey, LLP in connection with statutory and regulatory filings or engagements for that fiscal year, including
professional services in connection with our IPO. “Audit-related fees” are fees for assurance and related services by our
principal accountant that are reasonably related to the performance of the audit or review of our financial statements and are not reported
under “audit fees.”

Pre-Approval
Policy

Our
audit committee was formed upon the consummation of our IPO. As a result, the audit committee did not pre-approve all of the foregoing
services, although any services rendered prior to the formation of our audit committee