Company: PGACR
Filing Date: 2025-03-27
Form Type: 10-K
Source: 0001013762-25-002878
Chunk: 632

Company: PANTAGES CAPITAL ACQUSITION Corp
Filing Date: 2025-03-27
Form: 10-K
Item: Item 7
Chunk 632
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 such additional condition also raise substantial
doubt about the Company’s ability to continue as a going concern within one year after the date that the financial statements are
issued. The financial statement does not include any adjustments that might result from the outcome of this uncertainty.

Risks and Uncertainties

As a result of the military action commenced in
February 2022 by the Russian Federation and Belarus in the country of Ukraine and related economic sanctions, the Company’s
ability to consummate an initial business combination, or the operations of a target business with which the Company ultimately consummates
an initial business combination, may be materially and adversely affected. In addition, the Company’s ability to consummate a transaction
may be dependent on the ability to raise equity and debt financing which may be impacted by these events, including as a result of increased
market volatility, or decreased market liquidity in third-party financing being unavailable on terms acceptable to the Company or at all.
The impact of this action and related sanctions on the world economy and the specific impact on the Company’s financial position,
results of operations and/or ability to consummate an initial business combination are not yet determinable. The financial statements
do not include any adjustments that might result from the outcome of this uncertainty.

Note 2 — Significant Accounting
Policies

Basis of Presentation

The accompanying financial statements are presented
in conformity with accounting principles generally accepted in the United States of America (“US GAAP”) and pursuant
to the rules and regulations of the SEC. 

F-9

Emerging Growth Company Status

The Company is an “emerging growth company,” as defined
in Section 2(a) of the Securities Act of 1933, as amended, (the “Securities Act”), as modified by the
Jumpstart Our Business Startups Act of 2012, as amended (the “JOBS Act”), and it may take advantage of certain exemptions
from various reporting requirements that are applicable to other public companies that are not emerging growth companies including, but
not limited to, not being required to comply with the auditor attestation requirements of Section 404 of the Sarbanes-Oxley Act of
2002, as amended, reduced disclosure obligations regarding executive compensation in its periodic reports and proxy statements, and exemptions
from the requirements of holding a nonbinding advisory vote on executive compensation and shareholder approval of any golden parachute
payments not previously approved.

Further, Section 102(b)(1) of the JO