Company: PGACR
Filing Date: 2025-11-10
Form Type: 10-Q
Source: 0001213900-25-108205
Chunk: 14

Company: PANTAGES CAPITAL ACQUSITION Corp
Filing Date: 2025-11-10
Form: 10-Q
Item: Part I, Item 1
Chunk 14
---
  
     -  
     1,875,000 
  
    Basic
    and diluted net income (loss) per ordinary share 
    $0.19  
    $0.19  
    $-  
    $(0.08)

8

Fair
Value of Financial Instruments

The
fair value of the Company’s assets and liabilities, which qualify as financial instruments under FASB ASC 820, “Fair
Value Measurements and Disclosures,” approximates the carrying amounts represented in the accompanying balance sheet, primarily
due to their short-term nature.

The
Company applies ASC 820, which establishes a framework for measuring fair value and clarifies the definition of fair value within that
framework. ASC 820 defines fair value as an exit price, which is the price that would be received for an asset or paid to transfer a
liability in the Company’s principal or most advantageous market in an orderly transaction between market participants on the measurement
date. The fair value hierarchy established in ASC 820 generally requires an entity to maximize the use of observable inputs and minimize
the use of unobservable inputs when measuring fair value. Observable inputs reflect the assumptions that market participants would use
in pricing the asset or liability and are developed based on market data obtained from sources independent of the reporting entity.
Unobservable inputs reflect the entity’s own assumptions based on market data and the entity’s judgments about the assumptions
that market participants would use in pricing the asset or liability and are to be developed based on the best information available
in the circumstances.

    ●
    Level
    1 — Assets and liabilities with unadjusted, quoted prices listed on active market exchanges. Inputs to the fair value measurement
    are observable inputs, such as quoted prices in active markets for identical assets or liabilities.

    ●
    Level
    2 — Inputs to the fair value measurement are determined using prices for recently traded assets and liabilities with similar
    underlying terms, as well as direct or indirect observable inputs, such as interest rates and yield curves that are observable at
    commonly quoted intervals.

    ●
    Level
    3 — Inputs to the fair value measurement are unobservable inputs, such as estimates, assumptions, and valuation techniques
    when little or no market data exists for the assets or liabilities.

The
following table presents information about the Company’s assets that are measured at fair value on September 30, 2025 and December
31, 2024 and indicates the fair value hierarchy of