Company: PGACR
Filing Date: 2025-03-27
Form Type: 10-K
Source: 0001013762-25-002878
Chunk: 194

Company: PANTAGES CAPITAL ACQUSITION Corp
Filing Date: 2025-03-27
Form: 10-K
Item: Item 1B
Chunk 194
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 acquired in or after this offering) in favor of any proposed initial business combination, (B) not to propose,
or vote in favor of, an amendment to our memorandum and articles of association effective at the time that would stop our public shareholders
from redeeming their shares for cash or selling their shares to us in connection with an initial business combination or affect the substance
or timing of our obligation to redeem 100% of our public shares if we do not complete an initial business combination by the Combination
Deadline unless we provide public shareholders with the opportunity to redeem their public shares to receive cash from the Trust Account
in connection with any such vote (regardless how such shareholders vote for such amendment), (C) not to redeem any founder shares
and private shares (as well as any other shares acquired in or after this offering) for cash from the Trust Account in connection with
a shareholder vote to approve our proposed initial business combination (or sell any shares they hold to us in a tender offer in connection
with a proposed initial business combination) or a vote to amend the provisions of our memorandum and articles of association effective
at the time relating to shareholders’ rights or pre-initial business combination activity and (D) that the founder shares and
private shares shall not participate in any liquidating distribution upon winding up if an initial business combination is not consummated.

The insiders have agreed not to transfer, assign
or sell any of the founder shares (except to certain permitted transferees) until (1) with respect to 50% of the founder shares,
the earlier of six months after the date of the consummation of the Company’s initial business combination and the date on
which the closing price of the Company’s ordinary shares equals or exceeds $12.50 per share (as adjusted for share subdivisions,
share capitalizations, reorganizations, recapitalizations and the like) for any 20 trading days within any 30-trading day
period commencing after the Company’s initial business combination and (2) with respect to the remaining 50% of the founder
shares, six months after the date of the consummation of the Company’s initial business combination, or earlier, in either
case, if, subsequent to the Company’s initial business combination, the Company consummate a liquidation, merger, share exchange
or other similar transaction which results in all of the Company’s shareholders having the right to exchange their ordinary shares
for cash, securities or other property