Company: PGACR
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001213900-25-044013
Chunk: 156

Company: PANTAGES CAPITAL ACQUSITION Corp
Filing Date: 2025-05-15
Form: 10-Q
Item: Part I, Item 8
Chunk 156
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 in addition to the current position as a member of the board of the directors. During
the Term as Chairman and Chief Executive Officer and a member of board of directors of the Company, William Snyder will receive cash compensation
in the amount of $7,500, payable each month.

As of March 31, 2025 and December 31, 2024, the
Company had accrued compensation expenses for William Snyder of $18,750.

13

Evan Graj, a Director of the Company, paid office
expenses on behalf of the Company during the three months ended March 31, 2025.

As of March 31, 2025 and December 31, 2024, the
Company had accrued expenses for Evan Graj of $686 and $470, respectively.

Note
6 — Commitments and Contingencies

Registration Rights

The holders of the founder shares, Private Placement
Units (including securities contained therein) and Units (including securities contained therein) that may be issued on conversion
of working capital loans or extension loans will be entitled to registration rights pursuant to a registration rights agreement to be
signed prior to or on the effective date of this offering requiring the Company to register such securities for resale. The holders of
these securities are entitled to make up to three demands, excluding short form demands, that the Company register such securities. In
addition, the holders have certain “piggy-back” registration rights with respect to registration statements filed subsequent
to the Company’s completion of the Company’s initial business combination and rights to require the Company to register for
resale such securities pursuant to Rule 415 under the Securities Act. The Company will bear the expenses incurred in connection with
the filing of any such registration statements.

Underwriting Agreement

The Company granted the underwriters a 45-day
option to purchase up to an additional 1,125,000 Units solely to cover over-allotments, if any. The underwriters
had exercised the Over-Allotment Option.

The underwriter was paid a cash underwriting discount
of $0.125 per Unit, or $1,078,125 at the closing of the IPO.

Additionally, the underwriters will be entitled
to 1.0% of gross proceeds of the IPO $862,500 and will be paid at the closing of the initial business combination as deferred underwriting
fee. If the Company does not complete its initial business combination within the time period