Company: PGACR
Filing Date: 2025-03-27
Form Type: 10-K
Source: 0001013762-25-002878
Chunk: 520

Company: PANTAGES CAPITAL ACQUSITION Corp
Filing Date: 2025-03-27
Form: 10-K
Item: Item 5
Chunk 520
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uable in respect of the rights.

Note 8 — Segment Information

ASC Topic
280, “Segment Reporting,” establishes standards for companies to report in their financial statement information about operating
segments, products, services, geographic areas, and major customers. Operating segments are defined as components of an enterprise for
which separate financial information is available that is regularly evaluated by the Company’s chief operating decision maker, or
group, in deciding how to allocate resources and assess performance.

The Company’s CODM has
been identified as the Chief Financial Officer, who reviews the operating results for the Company as a whole to make decisions about allocating
resources and assessing financial performance. Accordingly, management has determined that the Company only has one operating segment.

When evaluating
the Company’s performance and making key decisions regarding resource allocation, the CODM reviews several key metrics, formation
and operating costs and interest and dividend income on investment held in Trust Account which include the accompanying audited statement
of operations.

The key measures of segment profit
or loss reviewed by our CODM are interest and dividend income on investment held in Trust Account and formation and operating costs. The
CODM reviews interest and dividend income on investment held in Trust Account to measure and monitor shareholder value and determine the
most effective strategy of investment with the Trust Account funds while maintaining compliance with the trust agreement. Formation and
operating costs are reviewed and monitored by the CODM to manage and forecast cash to ensure enough capital is available to complete an
initial business combination within the initial business combination period.
The CODM also reviews formation and operating costs to manage, maintain and enforce all contractual agreements to ensure costs are aligned
with all agreements and budget.

Note 9 — Subsequent Events

The Company evaluated subsequent events and transactions
that occurred after the balance sheet date through the date when these financial statements were issued. Based on this review, the Company
did not identify any subsequent events that would require adjustment or disclosure in the financial statements.

F-17

EXHIBIT
INDEX

    Exhibit
     
    Description

    1.1
     
    Underwriting Agreement, dated December 4, 2024, by and between the Company and the Representative. (1)
  
    3.1
     
    Memorandum and Articles of Association. (2)
  
    3.2
     
    Amended and restated memorandum and articles of association. (2)
  
    3.3*
     
    Second Amended and