Company: PGACR
Filing Date: 2025-03-27
Form Type: 10-K
Source: 0001013762-25-002878
Chunk: 321

Company: PANTAGES CAPITAL ACQUSITION Corp
Filing Date: 2025-03-27
Form: 10-K
Item: Item 2
Chunk 321
---
 as an expense in the financial statement
over the requisite service period based on a measurement of fair value for each stock-based award. The fair value is amortized as compensation
cost on a straight-line basis over the requisite service period of the awards or to the extent a stock-based award is subject to a performance
condition, the amount of expense recorded in a given period, if any, reflects and assessment of the probability of achieving such performance
condition, with compensation recognized once the event is deemed probable to occur. The Black-Scholes-Merton option-pricing model includes
various assumptions, including the fair market value of the estimated stock price of the Company, expected life of shares, the expected
volatility and the expected risk-free interest rate, among others. These assumptions reflect the Company’s best estimates, but they
involve inherent uncertainties based on market conditions generally outside the control of the Company.

F-13

Related parties

Parties,
which can be a corporation or individual, are considered to be related if the Company has the ability, directly or indirectly, to control
the other party or exercise significant influence over the other party in making financial and operational decisions. Companies are also
considered to be related if they are subject to common control or common significant influence.

Recent Accounting Pronouncements

In November 2023, the FASB issued ASU 2023-07, “Segment
Reporting Improvements to Reportable Segment Disclosures” (“Topic 280”). The amendments in this ASU require
disclosures, on an annual and interim basis, of significant segment expenses that are regularly provided to the chief operating officer
decision maker (“CODM”), as well as the aggregate amount of other segment items included in the reported measure of segment
profit or loss. The ASU requires that a public entity disclose the title and position of the CODM and an explanation of how
the CODM uses the reported measure(s) of segment profit or loss in assessing segment performance and deciding how to allocate resources.
Public entities will be required to provide all annual disclosures currently required by Topic 280 in interim periods, and entities
with a single reportable segment are required to provide all the disclosures required by the amendments in this ASU and existing
segment disclosures in Topic 280. This ASU is effective for fiscal years beginning after December 15, 2023, and interim
periods within fiscal years beginning after December 15, 2024, with early