Company: PGACR
Filing Date: 2025-02-14
Form Type: DEF 14A
Source: 0001213900-25-013746
Chunk: 31

Company: PANTAGES CAPITAL ACQUSITION Corp
Filing Date: 2025-02-14
Form: DEF 14A
Chunk 31
---
 of the Name Change Proposal is to amend the name of the Company. The Company proposes to effect the name change so that our corporate profile is more in line with current global trends and better represents the Company and management. Other than the name change, there is no change to our business, including without limitation, our insider and management, business strategy and acquisition criteria and effecting a business combination. In addition, the sponsor has agreed to loan the expenses in connection with the name change, as a result of which we do not expect any impact on the use of our current working capital. If the Name Change Proposal is approved, the Company will submit a request to the Nasdaq Capital Market LLC to apply to change its ticker symbols for the Units, Class A ordinary shares and rights listed on the Nasdaq Global Market, from “SPHAU”, “SPHA” and “SPHAR”, in each case, to “AIFEU”, “AIFE” and “AIFER”. Shareholders will not be required to exchange outstanding share certificates for new share certificates if the Name Change Proposal is adopted. If the Name Change Proposal is approved, the name change will be reflected in the Second Amended and Restated Memorandum and Articles of Association, which form is attached to the proxy statement as Annex A. Vote Required for Approval Approval of the Name Change Proposal requires special resolutions under Cayman Islands law, being the affirmative vote of the holders of a majority of at least two -thirdsof the issued and outstanding ordinary shares, who, being present and entitled to vote at the Extraordinary General Meeting, vote at the Extraordinary General Meeting. Abstentions will be counted in connection with the determination of whether a valid quorum is established but will have no effect on any of the proposals. We believe the proposal constitutes a “non -discretionary” matter, and therefore, there will not be any broker non -votesat the Extraordinary General Meeting. 16 The Sponsor and all of the Company’s directors and officers are expected to vote all ordinary shares owned by them in favor of the name change. On the record date, the Sponsor and all of the Company’s directors and officers beneficially owned and were entitled to vote an aggregate of 8,869,250 Class A ordinary shares and 2,156,250 Class B ordinary shares. See the section entitled “ Security Ownership of Certain Beneficial Owners and Management” for additional information regarding the holders of Class A and Class B ordinary shares and their respective ownership thereof. Full Text of Resolution “