Company: PGACR
Filing Date: 2025-11-10
Form Type: 10-Q
Source: 0001213900-25-108205
Chunk: 77

Company: PANTAGES CAPITAL ACQUSITION Corp
Filing Date: 2025-11-10
Form: 10-Q
Item: Part I, Item 8
Chunk 77
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30, 2025 and for the period from May 31, 2024 (inception) through September 30, 2024, there were no investing
activities.

For
the nine months ended September 30, 2025, there was $457,500 of cash provided by financing activity resulting from the proceeds from
working capital loan to related party.

For
the period from May 31, 2024 (inception) through September 30, 2024, there was $12,000 of cash provided by financing activity resulting
from the proceeds from promissory note to related party.

We
intend to use the funds held outside the trust account to primarily identify and evaluate target businesses, perform business due diligence
on prospective target businesses, travel to and from the offices, plants or similar locations of prospective target businesses or their
representatives or owners, review corporate documents and material agreements of prospective target businesses, structure, negotiate
and complete an initial business combination.

In
order to fund working capital deficiencies or finance transaction costs in connection with an initial business combination, our directors,
officers and the sponsor (together, the “insiders”) or their affiliates or designees may, but are not obligated to, loan
us funds as may be required. If the Company completes the initial business combination, it would repay such loaned amounts. In the event
that the initial business combination does not close, we may use a portion of the working capital held outside the trust account to repay
such loaned amounts but no proceeds from the trust account would be used for such repayment. Up to $3,000,000 of such loans (the “Working
Capital Loans”) may be convertible into Units of the Company, at a price of $10.00 per Unit (the “Working Capital Units”)
at the option of the lender. As of September 30, 2025 and December 31, 2024, the Company had $457,500 and $0 borrowings under the Working
Capital Loans.

We
do not believe we will need to raise additional funds in order to meet the expenditures required for operating our business. However,
if our estimate of the costs of identifying a target business, undertaking in-depth due diligence and negotiating an initial business
combination are less than the actual amount necessary to do so, we may have insufficient funds available to operate our business prior
to our initial business combination. Moreover, we may need to obtain additional financing either to complete our initial business