Company: PGACR
Filing Date: 2025-03-27
Form Type: 10-K
Source: 0001013762-25-002878
Chunk: 4

Company: PANTAGES CAPITAL ACQUSITION Corp
Filing Date: 2025-03-27
Form: 10-K
Item: Item 1
Chunk 4
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end to search target companies that we believe will help offer attractive risk-adjusted equity returns for our shareholders. Amount
other criteria, we expect to evaluate financial returns based on (i) the potential for organic growth in cash flows, (ii) the ability
to achieve cost savings, (iii) the ability to accelerate growth, including through the opportunity for follow-on acquisitions, and (iv)
the prospects for creating value through other value creation initiatives. We also plan to evaluate potential upside from future growth
in the target business’ earnings and an improved capital structure.

These
criteria are not intended to be exhaustive. Any evaluation relating to the merits of a particular initial business combination may be
based, to the extent relevant, on these general guidelines as well as other considerations, factors and criteria that our management
may deem relevant.

In
the event that we decide to enter into our initial business combination with a target business that does not meet the above criteria
and guidelines, we will disclose that the target business does not meet the above criteria and guidelines in our shareholder communications
related to our initial business combination, which would be in the form of proxy solicitation or tender offer materials that we would
file with the U.S. Securities and Exchange Commission (the “SEC”).

3

We will either (i) seek
shareholder approval of our initial business combination at a meeting called for such purpose at which public shareholders may seek to
redeem their public shares, regardless of whether they vote for or against, or abstain from voting on, the proposed initial business
combination, for their pro rata portion of the aggregate amount then on deposit in the trust account (net of taxes payable and up to
$100,000 of interest generated from the funds held in the trust account released to us to pay dissolution expenses) or (ii) provide
our public shareholders with the opportunity to sell their public shares to us by means of a tender offer (and thereby avoid the need
for a shareholder vote) for an amount equal to their pro rata share of the aggregate amount then on deposit in the trust account, in
each case subject to the limitations described herein. Notwithstanding the foregoing, our directors, officers and sponsor (the “insiders”)
have agreed, pursuant to the letter agreement, dated December 4, 2024, among the Company and the insiders (the “Letter Agreement”),
not to redeem any public shares held by them into their pro rata portion of the aggregate amount then on deposit