Company: PGACR
Filing Date: 2025-11-10
Form Type: 10-Q
Source: 0001213900-25-108205
Chunk: 64

Company: PANTAGES CAPITAL ACQUSITION Corp
Filing Date: 2025-11-10
Form: 10-Q
Item: Part I, Item 8
Chunk 64
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.00 per Unit for an aggregate
purchase price of $2,442,500 in the Private Placement. Each Private Placement Units was identical to the Units sold in the IPO,
except that it will not be redeemable, transferable, assignable or salable by the Sponsor until the completion of its initial business
combination (except to certain permitted transferees).

Note 5 — Related
Party Transactions

Founder
shares

On
June 14, 2024, the Company’s CEO, Mr. William W. Snyder, the Company’s CFO, Ms. Jia Peng, and the sponsor,
Aitefund Sponsor LLC, acquired an aggregate of 1,725,000 shares of Class B ordinary shares of a par value of $0.0001 for an
aggregate purchase price of $25,000 (the “founder shares”) from the Company, of which: (i) the CEO acquired 100,000 founder
shares for a purchase price of $1,449 or approximately $0.014 per share; (ii) the CFO acquired 60,000 founder shares for a
purchase price of $870, or approximately $0.014 per share; and (iii) the Sponsor acquired 1,565,000 founder shares
for a purchase price of $22,681, or approximately $0.014 per share. On July 9, 2024, the Company issued an additional 431,250 Class B
ordinary shares to the Sponsor, at par value, for the purchase price of $43. In total, an aggregate 2,156,250 Class B ordinary shares
were issued to the Sponsor and executives, at a per-share price of approximately $0.012 per share, including an aggregate of up to 281,250
Class B ordinary shares subject to forfeiture if the over-allotment option is not exercised in full or in part by the underwriters. On
December 6, 2024, the underwriters fully exercised the over-allotment option for an additional 1,125,000 Units, reducing the Class B
ordinary shares subject to forfeiture to 0.

Concurrent
with the IPO, the sponsor transferred an aggregate of 60,000 of its Founder Shares, or 20,000 each to its three independent directors
for their board service, for nominal cash consideration, of $696. The fair value of the