Company: PGACR
Filing Date: 2025-03-27
Form Type: 10-K
Source: 0001013762-25-002878
Chunk: 338

Company: PANTAGES CAPITAL ACQUSITION Corp
Filing Date: 2025-03-27
Form: 10-K
Item: Item 3
Chunk 338
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Item
3. Legal Proceedings.

There
is no material litigation, arbitration or governmental proceeding currently pending against us or any of our officers or directors in
their capacity as such, and we and our officers and directors have not been subject to any such proceeding in the 12 months preceding
the date of hereof.

Item
4. Mine Safety Disclosures.

Not
applicable.

9

PART
II

Item
5. Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities.

Market
Information

Our units, Class A ordinary
shares, rights were each traded on the Nasdaq Stock Market LLC under the symbols “SPHAU,” “SPHA,” and “SPHAR,”
respectively. Our units commenced public trading on December 5, 2024, and our Class A ordinary shares and rights commenced separate public
trading on January 27, 2025. On March 12, 2025, the symbols for our units, ordinary shares and rights changed from “SPHAU”,
“SPHA”, “SPHAR”, in each case to “AIFEU”, “AIFE”, and “AIFER,” all of which
continue to be traded on the Nasdaq Stock Market LLC.

Holders

On December 31, 2024, there
were 2 holders of record of our units, 1 holder of record of our Class A ordinary shares, 1 holder of record of our rights, and 6 holders
of record of our Class B ordinary shares.

Securities
Authorized for Issuance Under Equity Compensation Plans

None.

Recent
Sales of Unregistered Securities

Unregistered
Sales of Equity Securities

Founder
Shares Sales and Transfer

On June 14, 2024, our CEO,
Mr. William W. Snyder, our CFO, Ms. Jia Peng, and the sponsor (the “sponsor”) of our IPO (as defined below), Aitefund Sponsor
LLC, acquired an aggregate of 1,725,000 Class B ordinary shares, par value of $0.0001 each (the “founder shares”), for an
aggregate purchase price of $25,000. On July 9, 2024, an additional 431,250 founder shares were issued, at par value, to the sponsor,
for the purchase price of $43, resulting that the sponsor to hold 1,996,250 founder shares.

On December 4,