Company: PGACR
Filing Date: 2025-03-27
Form Type: 10-K
Source: 0001013762-25-002878
Chunk: 294

Company: PANTAGES CAPITAL ACQUSITION Corp
Filing Date: 2025-03-27
Form: 10-K
Item: Item 2
Chunk 294
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 intend to disclose
any amendments to or waivers of certain provisions of our Code of Ethics in a Current Report on Form 8-K.

21

Item
11. Executive Compensation.

Executive
Officer and Director Compensation

We entered into an offer letter dated June 14, 2024, with our
Chairman, CEO, and Director, Mr. Snyder, pursuant to which, that Mr. Snyder shall receive a monthly cash compensation of $7,500
among from the date of the offer letter until the earlier of (i) the termination of the offer letter; (ii) the date that the Company consummates
an initial business combination; (iii) the date the Company is wound up; or (iv) the date that he vacates his positions or he is removed
or disqualified from his positions pursuant to the Company’s Current Charter. We have also offered to and our CFO and Director,
Ms. Peng, has accepted an offer letter, dated June 6, 2024, which provides that Ms. Peng shall receive a monthly cash compensation
of $5,000 among from the date of the offer letter until the earlier of (i) the termination of the offer letter; (ii) the date that the
Company consummates an initial business combination; (iii) the date the Company is wound up; or (iv) the date that she vacates his positions
or she is removed or disqualified from her positions pursuant to the Company’s Current Charter.

Other
than as set forth elsewhere in this report, none of our executive officers or directors have received any cash compensation for services
rendered to us. Our sponsor, executive officers and directors, or their respective affiliates will be reimbursed for any out-of-pocket
expenses incurred in connection with activities on our behalf such as identifying potential target businesses and performing due diligence
on suitable initial business combinations. Our audit committee will review on a quarterly basis all payments that were made by us to
our sponsor, executive officers or directors, or their affiliates. Any such payments prior to an initial business combination will be
made using funds held outside the trust account. Other than quarterly audit committee review of such reimbursements, we do not expect
to have any additional controls in place governing our reimbursement payments to our directors and executive officers for their out-of-pocket
expenses incurred in connection with our activities on our behalf in connection with identifying and consummating an initial business
combination. Other than these payments and reimbursements, no compensation of any kind, including