Company: PGACR
Filing Date: 2025-03-27
Form Type: 10-K
Source: 0001013762-25-002878
Chunk: 8

Company: PANTAGES CAPITAL ACQUSITION Corp
Filing Date: 2025-03-27
Form: 10-K
Item: Item 1
Chunk 8
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 initial business combination by the Combination Deadline or (B) with
respect to any other provision relating to the rights of holders of our Class A ordinary shares.

Manner
of Conducting Redemptions

We will provide our public
shareholders with the opportunity to redeem all or a portion of their Class A ordinary shares upon the completion of our initial business
combination either (i) in connection with a general meeting called to approve the initial business combination or (ii) by means of a tender
offer. The decision as to whether we will seek shareholder approval of a proposed initial business combination or conduct a tender offer
will be made by us, solely in our discretion, and will be based on a variety of factors such as the timing of the transaction and whether
the terms of the transaction would require us to seek shareholder approval under applicable law or stock exchange listing requirement
or whether we were deemed to be a foreign private issuer (which would require a tender offer rather than seeking shareholder approval
under SEC rules). Asset acquisitions and share purchases would not typically require shareholder approval while direct mergers with our
company and any transactions where we issue more than 20% of our issued and outstanding ordinary shares or seek to amend our memorandum
and articles of association effective at the time would typically require shareholder approval. We currently intend to conduct redemptions
in connection with a shareholder vote unless shareholder approval is not required by applicable law or stock exchange listing requirement
or we choose to conduct redemptions pursuant to the tender offer rules of the SEC for business or other reasons. So long as we obtain
and maintain a listing for our securities on Nasdaq, we will be required to comply with Nasdaq rules. If we held a shareholder vote to
approve our initial business combination, we will, pursuant to our second amended and restated memorandum and articles of association
(the “Current Charter”):

    ●
    conduct
    the redemptions in conjunction with a proxy solicitation pursuant to Regulation 14A of the Exchange Act, which regulates the solicitation
    of proxies, and not pursuant to the tender offer rules; and

    ●
    file
    proxy materials with the SEC.

Submission
of Our Initial Business Combination to a Stockholder Vote

In
the event that we seek shareholder approval of our initial business combination, we will distribute proxy materials and, in connection
therewith, provide our public shareholders with the redemption rights described above upon completion of the initial business combination.

5

If we seek shareholder approval of our initial business