Company: PGACR
Filing Date: 2025-03-27
Form Type: 10-K
Source: 0001013762-25-002878
Chunk: 132

Company: PANTAGES CAPITAL ACQUSITION Corp
Filing Date: 2025-03-27
Form: 10-K
Item: Item 1A
Chunk 132
---
 the expenses incurred in connection with the filing of any such
registration statements.

Underwriting Agreement

The Company granted the underwriters a 45-day option to purchase up
to an additional 1,125,000 Units solely to cover over-allotments, if any. The underwriters
had exercised the Over-Allotment Option.

The underwriter was paid a cash underwriting discount
of $0.125 per Unit, or $1,078,125 at the closing of the IPO.

Additionally, the underwriters will be entitled to 1.0% of gross proceeds
of the IPO $862,500 and will be paid at the closing of the initial business combination as deferred underwriting fee. If the Company does
not complete its initial business combination within the time period required by its amended and restated memorandum and articles of association
effective at the time, the underwriters have agreed that (i) they will forfeit any rights or claims to their deferred underwriting
discounts and commissions, including any accrued interest thereon, then in the trust account, and (ii) that the deferred underwriters’
discounts and commissions will be included with the funds held in the Trust Account that will be available to fund the redemption of our
public shares.

F-16

Note 7 — Shareholder’s
Equity

Preference Share — The
Company is authorized to issue 5,000,000 shares of preference share, $0.0001 par value, with such designations, voting and other rights
and preferences as may be determined from time to time by the Company’s board of directors. As of December 31, 2024, there were
no preference shares issued or outstanding.

Class A Ordinary Share — The
Company is authorized to issue 445,000,000 shares of Class A ordinary share with $0.0001 par value. As of December 31, 2024, there
were 244,250 shares of Class A ordinary share issued or outstanding, excluding 8,625,000
Class A ordinary shares subject to possible redemption.

Class B Ordinary Share — The Company is authorized to issue 50,000,000 shares of Class B
ordinary share with $0.0001 par value. On June 14, 2024, the Company issued an aggregate of 1,725,000 founder shares to the
Sponsor and executives